Rappahannock Westminster Canterbury Foundation
- Assets
- $10.8m
- Revenue
- $1.1m
- Investments
- $8.9m
- Employees
- 0
- Location
- Irvington, VA
- Founding
- 03/1986
- Data as of
- 03/2022
- EIN
- 52-1435132
Organization Overview
Rappahannock Westminster Canterbury Foundation is located in Irvington, VA. The organization was established in 1986. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rappahannock Westminster Canterbury Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Rappahannock Westminster Canterbury Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $566.0k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE FOR INDIVIDUALS OF RW-C.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FELLOWSHIP ASSISTANCE TO THOSE RESIDENTS OF RW-C WHO CANNOT FULLY AFFORD THE FOUNDERS FEE OR MONTHLY FEE. USES RESTRICTED CONTRIBUTIONS FOR EMPLOYEE SCHOLARSHIPS, SPECIAL PROJECTS, AND OTHER DESIGNATED PURPOSES ESTABLISHED BY THE DONEE, FOR THE BENEFIT OF THE RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart A Bunting President/ceo/secretary | Officer | 4 | $0 |
Wade E Bishop Treasurer | Officer | 4 | $0 |
Eleanor Daivs Trustee | Trustee | 1 | $0 |
Susan Mckenna Trustee | Trustee | 1 | $0 |
Jane Birdsong Trustee | Trustee | 1 | $0 |
Jane Higgins Trustee | Trustee | 1 | $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 | $419,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,212 |
| Total Program Service Revenue | $0 |
| Investment income | $212,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $514,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,146,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,807 |
| Grants and other assistance to domestic individuals. | $257,491 |
| 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 | $89,717 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,402 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,197 |
| Information technology | $470 |
| 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 | $4,400 |
| Total functional expenses | $566,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,710,934 |
| Pledges and grants receivable | $200,000 |
| 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 | $8,914,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,825,083 |
| 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 | $35,807 |
| Total liabilities | $35,807 |
| Net assets without donor restrictions | $7,823,300 |
| Net assets with donor restrictions | $2,965,976 |
| 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 | $10,825,083 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rappahannock Westminster Canterbury Foundation has recieved totaling $185,829.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For the care of aged women. | $155,320 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $30,444 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Endowment Analysis
| Beg. Balance | $1,676,650 |
| Earnings | $88,611 |
| Other Expense | $139,383 |
| Ending Balance | $1,625,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Christian University Inc Grayson, KY | $38,563,521 | $22,232,558 |
C S Lewis Institute Inc Springfield, VA | $1,257,084 | $1,763,570 |
Institute For Islamic Christian And Jewish Studies Inc Baltimore, MD | $24,101,686 | $1,725,359 |
University Christian Ministries Inc Charlottesville, VA | $8,351,732 | $3,362,822 |
Cornerstone College Of Virginia Fredericksburg, VA | $442,779 | $377,765 |
Rappahannock Westminster Canterbury Foundation Irvington, VA | $10,825,083 | $1,146,003 |
Biblical Theological Seminary Of Poland Memphis, TN | $166,177 | $553,180 |
Southland Bible Institute Ashland, KY | $1,425,293 | $374,267 |
Washington Theological Consortium Washington, DC | $573,231 | $243,221 |
American Open University Inc Alexandria, VA | $533,754 | $60,517 |
Carolina Bible Institute Inc Pine Level, NC | $66,772 | $0 |
Christian Vocation Project Of Memorial Episcopal Church Inc Baltimore, MD | $341,158 | $0 |