Richfield Foundation
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, VA
- Founding
- 11/1977
- Data as of
- 09/2020
- EIN
- 51-0190110
Organization Overview
Richfield Foundation is located in Salem, VA. The organization was established in 1977. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. Richfield Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER GRANTS, GIFTS, DONATIONS AND BEQUESTS IN A MANNER DESIGNED TO PROMOTE THE ACTIVITIES OF RICHFIELD LIVING AND RIDGECREST AT RICHFIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICHFIELD FOUNDATION WAS DISSOLVED DURING FISCAL YEAR 2020 AND ALL OF ITS ASSETS AND LIABILITIES WERE TRANSFERRED TO RICHFIELD LIVING.
THE RICHFIELD FOUNDATION WAS DISSOLVED DURING FISCAL YEAR 2020 AND ALL OF ITS ASSETS AND LIABILITIES WERE TRANSFERRED TO RICHFIELD LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donnovan Young Treasurer | OfficerTrustee | 1 | $0 |
Dr Martha Anderson Chair | OfficerTrustee | 1 | $0 |
Melinda Payne Secretary | OfficerTrustee | 1 | $0 |
Kirtesh Patel Vice Chair | OfficerTrustee | 1 | $0 |
Tonya Woolwine Executive/corporate Secretary | Officer | 2 | $0 |
Cherie Grisso Interim Ceo/cfo Through 3/20; CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,064,974 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,064,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Richfield Foundation has awarded $44,478 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salem, VA PURPOSE: Repairs to Chapel | $26,478 |
Radford, VA PURPOSE: Nursing Scholarship | $18,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Richfield Foundation has recieved totaling $10,100.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HOUSING AND SHELTER | $10,000 |
Norborne F Muir Foundation Nect Orlando, FL PURPOSE: GENERAL OPERATING | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cahec Management Inc Raleigh, NC | $9,947,968 | $10,365,211 |
House Of Freedom Support Corporation Baltimore, MD | $49,667,310 | $5,810,229 |
Richfield Foundation Salem, VA | $0 | $0 |
Aldersgate Life Plan Services Inc Charlotte, NC | $512,670 | $138,330 |
American Village Communities Inc Fairfax, VA | $10,611,697 | $3,645,882 |
Holston United Methodist Home For Children Foundation Inc Greeneville, TN | $46,120,321 | $4,035,558 |
Baptist Retirement Homes Foundation Winston Salem, NC | $47,968,572 | $2,829,285 |
Bhi Properties Llc Louisville, KY | $12,489,972 | $1,658,797 |
Deerfield Charitable Foundation Asheville, NC | $16,996,116 | $890,781 |
Virginia Community Development Fund Inc Richmond, VA | $8,280,823 | $4,728,316 |
One Parent Family Facility Corp Lexington, KY | $2,640,950 | $1,180,160 |
Friends Of The Aged Womens Home Washington, DC | $8,111,735 | $803,269 |