Richard S Reynolds Foundation
- Assets
- $39.6m
- Revenue
- $3.4m
- Investments
- $37.8m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1957
- Data as of
- 06/2022
- EIN
- 54-6037003
Organization Overview
Richard S Reynolds Foundation is located in Richmond, VA. The organization was established in 1957. 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. Richard S Reynolds 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 06/2022, Richard S Reynolds Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 5.5% 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.
Since 2015, Richard S Reynolds Foundation has awarded 597 individual grants totaling $18,254,465. 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 |
|---|---|---|---|
Dorothy R Brotherton Secretary | 0.5 | $0 | |
Glenn R Martin Vice President | 0.5 | $0 | |
Randolph N Reynolds Treasurer | 0.5 | $0 | |
Richard S Reynolds III President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $637,329 |
| Net Rental Income | $144,978 |
| Net Gain on Sale of Assets | $2,647,507 |
| Capital Gain Net Income | $2,640,152 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,367 |
| Total Revenue | $3,442,225 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $54,245 |
| Pension plans, employee benefits | $12,205 |
| Interest | $1,515 |
| Taxes | $112,220 |
| Depreciation | $758 |
| Occupancy | $55,602 |
| Travel, conferences, and meetings | $11,605 |
| Printing and publications | $0 |
| Other expenses | $207,044 |
| Total operating and administrative expenses | $687,398 |
| Contributions, gifts, grants paid | $2,793,500 |
| Total expenses and disbursements | $3,480,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,717,315 |
| 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 | $2,406,771 |
| Net Land, buildings, and equipment | $2,597 |
| Other assets | $119,891 |
| Total assets | $39,616,499 |
| Accounts payable and accrued expenses | $5,553 |
| 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 | $5,553 |
Grants Awarded
Over the last fiscal year, Richard S Reynolds Foundation has awarded $2,964,568 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
AN ACHIEVABLE DREAM CERTIFIED ACADEMIES INC PURPOSE: WHAT IT TAKES, HENRICO | $30,000 |
ANIMAL CARE ASSISTANCE PROGRAM PURPOSE: LOW INCOME ASSISTANCE PROGRAM | $15,000 |
AUGUSTA HEALTH FOUNDATION PURPOSE: BREAST ULTRASOUND | $50,000 |
ASHLAND MUSEUM PURPOSE: SECRETARIAT/REYNOLDS PLAZA | $100,000 |
BELLARMINE UNIVERSITY PURPOSE: W. FIELDING RUBEL SCHOOL OF BUSINESS | $30,000 |
BENEDICTINE COLLEGE PREPARATORY PURPOSE: SEAN R. REYNOLDS WALL OF HONOR | $80,000 |