Westminister-Canterbury Management Corporation
- Assets
- $220.7m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 65
- Location
- Richmond, VA
- Founding
- 01/2000
- Data as of
- 09/2021
- EIN
- 54-1553651
Organization Overview
Westminister-Canterbury Management Corporation is located in Richmond, VA. The organization was established in 2000. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 09/2021, Westminister-Canterbury Management Corporation employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminister-Canterbury Management Corporation 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 09/2021, Westminister-Canterbury Management Corporation generated $15.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $15.2m during the year ending 09/2021. While expenses have increased by 2.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MANAGEMENT SERVICES TO A LARGE NOT FOR PROFIT CONTINUING CARE RETIREMENT COMMUNITY, AN ELDERLY HOUSING FACILITY AND A NOT FOR PROFIT CHILD CARE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MANAGEMENT AND SERVICES TO A LARGE NOT FOR PROFIT CONTINUING CARE RETIREMENT COMMUNITY, AN ELDERLY HOUSING FACILITY AND A NOT FOR PROFIT CHILD CARE CENTER.
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 |
|---|---|---|---|
John Burns CEO | Officer | 12 | $486,556 |
W Russell Gardner CFO & Vice President | Officer | 20 | $331,335 |
Gayle Haglund Vice President | Officer | 3 | $178,159 |
Windley Gravatt Vice President | Officer | 25 | $172,292 |
Robert Mann Vice President | Officer | 20 | $152,925 |
Martin Kane Director Of Finance | 20 | $150,816 |
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 | $15,246,749 |
| 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 | $15,246,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,534,563 |
| Compensation of current officers, directors, key employees. | $1,534,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,007,064 |
| Pension plan accruals and contributions | $588,064 |
| Other employee benefits | $5,530,132 |
| Payroll taxes | $301,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,968 |
| Fees for services: Accounting | $150,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,954 |
| Fees for services: Other | $1,131,180 |
| Advertising and promotion | $984,767 |
| Office expenses | $400,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $621,551 |
| 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 | $78,561 |
| Total functional expenses | $15,246,749 |
| 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 | $1,091,798 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,610,951 |
| Total assets | $220,702,749 |
| Accounts payable and accrued expenses | $2,852,623 |
| 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 | $456,340 |
| Total liabilities | $3,308,963 |
| Net assets without donor restrictions | $152,406,533 |
| Net assets with donor restrictions | $64,987,253 |
| 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 | $220,702,749 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Community Investments Foundation Charlotte, NC | $101,933,737 | $21,788,464 |
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |
The Arc Davidson County & Greater Nashville Nashville, TN | $1,667,294 | $2,925,688 |
Thrift Alliance Nashville, TN | $769,764 | $2,756,268 |
Lupus America Communities Washington, DC | $825,301 | $2,369,800 |
Virginia Baptist Homes Foundation Inc Glen Allen, VA | $12,836,580 | $2,666,939 |
The Greater Washington Jewish Coalition Against Domestic Abuse Rockville, MD | $364,644 | $1,919,245 |
Cedar Lake Foundation Inc Louisville, KY | $30,254,098 | $3,941,239 |