Noland Company Foundation
- Assets
- $5.6m
- Revenue
- $158.7k
- Investments
- $5.2m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 05/1965
- Data as of
- 12/2023
- EIN
- 54-0754191
Organization Overview
Noland Company Foundation is located in Norfolk, VA. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noland Company 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 12/2023, Noland Company Foundation generated $158.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $183.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Noland Company Foundation has awarded 288 individual grants totaling $4,237,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd U Noland III President | 0.25 | $0 | |
Helen J Noland Vice President | 0.25 | $0 | |
L Christopher Noland Secretary | 0.25 | $0 | |
Walker J Noland Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,789 |
| Capital Gain Net Income | $40,789 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $13,444 |
| Contributions, gifts, grants paid | $170,500 |
| Total expenses and disbursements | $183,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,962 |
| Savings and temporary cash investments | $330,782 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,256 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,557,348 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $300,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300,000 |
Grants Awarded
Over the last fiscal year, Noland Company Foundation has awarded $419,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA JULIA COOPER SCHOOL PURPOSE: EDUCATION | $17,500 |
BLUE RIDGE AREA FOOD BANK INC PURPOSE: COMMUNITY SERVICE | $17,500 |
BUILDING GOODNESS FOUNDATION PURPOSE: COMMUNITY SERVICE | $10,000 |
COLLEGIATE SCHOOL PURPOSE: EDUCATION | $4,000 |
BUCKNELL UNIVERSITY PURPOSE: EDUCATION, HEALTH & WELFARE | $2,500 |
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: HISTORICAL PRESERVATION OF CULTURE AND ART | $5,000 |