Revere Family Foundation
- Assets
- $1.4m
- Revenue
- $204.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Hartfield, VA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-2806286
Organization Overview
Revere Family Foundation is located in Hartfield, VA. The organization was established in 2019. 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. Revere Family 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, Revere Family Foundation generated $204.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.4%) each year.
Since 2019, Revere Family Foundation has awarded 141 individual grants totaling $253,062. 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
LOWER MIDDLESEX METHODIST CHURCH
RICHMOND COUNTY LITTLE LEAGUE
NN MIDDLESEX CARE CLINIC
MIDDLESEX SPORTS COMPLEX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally S Revere President | 2.5 | $0 | |
Carlton S Revere Treasurer | 2.5 | $0 | |
H Craig Revere Secretary | 2.5 | $0 | |
Tammy L Revere Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $134,059 |
| Interest on Savings | $15,938 |
| Dividends & Interest | $35,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,354 |
| Capital Gain Net Income | $19,354 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $204,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13 |
| Taxes | $1,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $611 |
| Total operating and administrative expenses | $7,945 |
| Contributions, gifts, grants paid | $63,500 |
| Total expenses and disbursements | $71,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,105 |
| Savings and temporary cash investments | $0 |
| 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 | $299 |
| Total assets | $1,382,296 |
| 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, Revere Family Foundation has awarded $63,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
CHESAPEAKE ACADEMY PURPOSE: DONATION TO SUPPORT EDUCATIONAL PURPOSE | $1,000 |
CHRISTCHURCH SCHOOL PURPOSE: DONATION TO SUPPORT EDUCATIONAL PURPOSE | $1,000 |
DELTAVILLE MARITIME MUSEUM PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $1,000 |
HARTFIELD VOLUNTEER FIRE DEPARTMENT PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $1,000 |
JACOBS LADDER PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $1,000 |
GLOUCESTER MATHEWS CARE CLINIC PURPOSE: DONATION TO SUPPORT FOUNDATIONS PURPOSE | $2,000 |