William G Reynolds Jr Charitable Foundation
- Assets
- $842.3k
- Revenue
- $58.1k
- Investments
- $775.4k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 54-1900372
Organization Overview
William G Reynolds Jr Charitable Foundation is located in Richmond, VA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. William G Reynolds Jr Charitable 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 12/2022, William G Reynolds Jr Charitable Foundation generated $58.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $67.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, William G Reynolds Jr Charitable Foundation has awarded 209 individual grants totaling $379,600. 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 |
|---|---|---|---|
Louise R Belmont Trustee | 0 | $0 | |
Randolph N Reynolds Jr Trustee | 0 | $0 | |
Robert G Reynolds Trustee | 0 | $0 | |
Randolph N Reynolds Trustee | 0 | $0 | |
Mary R Simpson Trustee | 0 | $0 | |
Susan C Armstrong Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,485 |
| Dividends & Interest | $18,764 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,861 |
| Capital Gain Net Income | $36,861 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $58,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,077 |
| Total operating and administrative expenses | $16,886 |
| Contributions, gifts, grants paid | $51,000 |
| Total expenses and disbursements | $67,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,283 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $550 |
| 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 | $232,161 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $65 |
| Total assets | $842,310 |
| 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, William G Reynolds Jr Charitable Foundation has awarded $51,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHANY COUNTY HUMANE SOCIETY PURPOSE: UNRESTRICTED | $1,000 |
BATTLESHIP NEW JERSEY PURPOSE: UNRESTRICTED | $1,250 |
BELLAMINE UNIVERSITY PURPOSE: UNRESTRICTED | $1,000 |
BENEDICTINE EDUCATIONAL FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
CURESEARCH FOR CHILDRENS CANCER PURPOSE: UNRESTRICTED | $1,250 |
CLIFTON FORGE FIRE DEPT PURPOSE: UNRESTRICTED | $500 |