David S Blount Educational Foundation
- Assets
- $2.6m
- Revenue
- $181.8k
- Investments
- $2.5m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/1976
- Data as of
- 03/2024
- EIN
- 54-6111717
Organization Overview
David S Blount Educational Foundation is located in Richmond, VA. The organization was established in 1976. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David S Blount Educational 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 03/2024, David S Blount Educational Foundation generated $181.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $163.8k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, David S Blount Educational Foundation has awarded 49 individual grants totaling $507,025. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,804 |
| Capital Gain Net Income | $116,804 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,826 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,817 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,910 |
| Total operating and administrative expenses | $49,053 |
| Contributions, gifts, grants paid | $114,782 |
| Total expenses and disbursements | $163,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $87,641 |
| 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 | $1,312,610 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,556,970 |
| 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, David S Blount Educational Foundation has awarded $114,782 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AVERETT UNIVERSITY PURPOSE: SCHOLARSHIP | $43,632 |
RANDOLPH-MACON COLLEGE PURPOSE: SCHOLARSHIPS | $4,980 |
LONGWOOD UNIVERSITY PURPOSE: SCHOLARSHIPS | $19,645 |
HAMPDEN-SYDNEY COLLEGE PURPOSE: SCHOLARSHIP | $13,016 |
ROANOKE COLLEGE PURPOSE: SCHOLARSHIPS | $16,266 |
EASTERN MENNONITE UNIVERSITY PURPOSE: SCHOLARSHIP | $10,445 |