Nansemond Charitable Foundation Inc
- Assets
- $139.6k
- Revenue
- $13.1k
- Investments
- $137.0k
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 05/1986
- Data as of
- 08/2022
- 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 08/2022, Nansemond Charitable Foundation Inc generated $13.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $8.2k during the year ending 08/2022. While expenses have increased by 4.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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 | $4 |
| Dividends & Interest | $2,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,372 |
| Capital Gain Net Income | $8,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,052 |
| 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 | $34 |
| Total operating and administrative expenses | $59 |
| Contributions, gifts, grants paid | $8,150 |
| Total expenses and disbursements | $8,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,638 |
| 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 | $139,622 |
| 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 $8,150 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COLLEGE FOUNDATION PURPOSE: EDUCATIONAL | $3,000 |
LINDSEY YOUNG PURPOSE: EDUCATIONAL | $2,000 |
VICTORIA TAYLOR PURPOSE: EDUCATIONAL | $2,000 |
SOUTHEASTERN CORRECTIONAL FACILITY PURPOSE: EDUCATIONAL | $300 |
SUFFOLK FESTIVALS PURPOSE: EDUCATIONAL | $250 |
HOLLAND ATHLETIC ASSOCIATION PURPOSE: EDUACTIONAL | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |