Rixey Street Foundation Inc
- Assets
- $3.6m
- Revenue
- $303.6k
- Investments
- $3.4m
- Employees
- 0
- Location
- Mc Lean, VA
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 54-1842020
Organization Overview
Rixey Street Foundation Inc is located in Mc Lean, VA. The organization was established in 1997. 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. Rixey Street 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 12/2022, Rixey Street Foundation Inc generated $303.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $177.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rixey Street Foundation Inc has awarded 43 individual grants totaling $1,857,090. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MET WITH THEM ON HOW TO IMPROVE UNDERGRADUATE STUDIES AND HOW TO FOSTER LEADERSHIP AND CHARACTER.
MET WITH THEM TO DISCUSS HOW TO IMPROVE EDUCATION IN VIRGINIA.
HELPED IN THE GOVERNANCE OF THE ENTITY AND COORDINATED THE USHER FUNCTION.
PROVIDED ADVICE AND GUIDANCE ON KEEPING THE SEMINARY A VIABLE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen E Jennings Vice President | 1 | $0 | |
Shelley C Jennings President | 3 | $0 | |
Thomas P Jennings Secretary Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $293,250 |
| Interest on Savings | $12 |
| Dividends & Interest | $25,906 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,828 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $309 |
| Total Revenue | $303,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,901 |
| Printing and publications | $0 |
| Other expenses | $195 |
| Total operating and administrative expenses | $4,496 |
| Contributions, gifts, grants paid | $172,769 |
| Total expenses and disbursements | $177,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842 |
| Savings and temporary cash investments | $181,547 |
| 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 | $3,550,556 |
| 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, Rixey Street Foundation Inc has awarded $172,769 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE FOREST UNIVERSITY PURPOSE: SCHOLARSHIP | $54,000 |
WILLIAM MARY FOUNDATIONM PURPOSE: EDUCATION DEAN'S FUND FOR STRATEGIC INNOVATION | $37,850 |
WESLEY THEOLOGICAL SEMINARY PURPOSE: GENERAL OPERATING | $25,000 |
Chicago, IL PURPOSE: EDUCATION FUNDS | $15,000 |
Holland, MI PURPOSE: BUILDING AND SCHOLARSHIP NEEDS | $10,853 |
GEORGETOWN PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING | $10,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |