The Landmark Foundation
- Assets
- $109.5m
- Revenue
- $6.8m
- Investments
- $106.3m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 12/1955
- Data as of
- 12/2021
- EIN
- 54-6038902
Organization Overview
The Landmark Foundation is located in Norfolk, VA. The organization was established in 1955. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landmark 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 12/2021, Landmark Foundation generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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 2014, Landmark Foundation has awarded 336 individual grants totaling $55,621,393. 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 |
|---|---|---|---|
Richard F Barry III Vice President And Directo | 1 | $0 | |
Charles L Watkins Vice President And Directo | 0.5 | $0 | |
Conrad M Hall Director | 0.5 | $0 | |
Frank Batten Jr President And Director | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cedar Rock Capital Partners | 12/30/21 | $327,325 |
1607 Capital Partners | 12/30/21 | $109,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,560,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,226,835 |
| Capital Gain Net Income | $4,226,835 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,787,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $156,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $496,143 |
| Total operating and administrative expenses | $682,697 |
| Contributions, gifts, grants paid | $4,857,540 |
| Total expenses and disbursements | $5,540,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,138,328 |
| 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 | $90,215 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $129,716 |
| Total assets | $109,541,807 |
| 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, The Landmark Foundation has awarded $4,857,540 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: HUMAN SERVICES | $1,150,000 |
ODU EDUCATIONAL FOUNDATION PURPOSE: EDUCATIONAL GRANTS | $1,000,000 |
Norfolk, VA PURPOSE: HUMAN SERVICES | $450,000 |
CHESAPEAKE HEALTH DEPARTMENT PURPOSE: HUMAN SERVICES | $300,000 |
VIRGINIA BEACH DEPARTMENT OF PUBLIC HEALTH PURPOSE: HUMAN SERVICES | $300,000 |
Virginia Beach, VA PURPOSE: EDUCATIONAL GRANTS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
States Newsroom Chapel Hill, NC | $13,800,464 | $21,635,211 |
American Journalism Project Inc Washington, DC | $31,017,201 | $25,103,494 |
Wireless Infrastructure Association Arlington, VA | $5,735,220 | $13,503,985 |
Computer And Communications Industry Association Washington, DC | $22,913,762 | $13,219,537 |
National Propane Gas Association Inc Washington, DC | $13,626,002 | $7,831,791 |
The Landmark Foundation Norfolk, VA | $109,541,807 | $6,787,493 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
The Center For Documentary Studies Durham, NC | $43,603,036 | $4,787,381 |
National Center On Sexual Exploitation Inc Washington, DC | $5,068,594 | $5,085,859 |
Journalism For Change Inc Arlington, VA | $491,394 | $3,913,277 |
Mennomedia Inc Harrisonburg, VA | $1,388,799 | $3,143,696 |