Nansemond Charitable Foundation Inc
- Assets
- $132.0k
- Revenue
- $6.2k
- Investments
- $131.4k
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 05/1986
- Data as of
- 08/2023
- EIN
- 54-1291449
Organization Overview
Nansemond Charitable Foundation Inc is located in Suffolk, VA. The organization was established in 1986. 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. Nansemond Charitable Foundation Inc 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 08/2023, Nansemond Charitable Foundation Inc generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $12.3k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Webb Director | 0 | $0 | |
Jack W Webb Jr Director | 0 | $0 | |
Joby Webb Secretary/tr | 0 | $0 | |
Jamie V Weaver Director | 0 | $0 | |
Joseph N Webb Director | 0 | $0 | |
Jarrett Webb Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $81 |
| Dividends & Interest | $3,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,009 |
| Capital Gain Net Income | $1,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,308 |
| Total operating and administrative expenses | $4,333 |
| Contributions, gifts, grants paid | $7,950 |
| Total expenses and disbursements | $12,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $131,992 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Nansemond Charitable Foundation Inc has awarded $7,950 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN CORRECTIONAL FACILITY PURPOSE: EDUCATIONAL | $550 |
BSA TROOP 1 PURPOSE: EDUCATIONAL | $150 |
KENDAL LEGG PURPOSE: EDUCATIONAL | $1,000 |
GABBY FEDERICI PURPOSE: EDUCATIONAL | $1,000 |
ASHLEY SYLVIA PURPOSE: EDUCATIONAL | $2,000 |
ISLE OF WIGHT ACADEMY PURPOSE: EDUCATIONAL | $250 |