Civic Intelligence

The Jane and Arthur Flippo Endowment Foundation

990 • Fiscal year 2016 • EIN 46-2943706

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 24, 2017

7501 Boulders View Drive No 110Richmond, VA 23225

(804) 330-7400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$291,429

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 142.4% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

54th percentile

2.5%

Faster asset growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

374%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$8,288,888

Up $205,334 (+2.5%) from 2015

Net Assets

Up

$8,288,888

Up $205,334 (+2.5%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$204,640

Up $161,446 (+374%) from 2015

Expenses

Down

$47,311

Down $25,311 (-35%) from 2015

Net Income

Up

$157,329

Up $186,757 (+635%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $6,591,839Liabilities 2013: $6,605Net Assets 2013: $6,585,2342013Assets 2014: $7,281,410Liabilities 2014: $0Net Assets 2014: $7,281,4102014Assets 2015: $8,083,554Liabilities 2015: $0Net Assets 2015: $8,083,5542015Assets 2016: $8,288,888Liabilities 2016: $0Net Assets 2016: $8,288,8882016Assets 2017: $8,368,549Liabilities 2017: $20,423Net Assets 2017: $8,348,1262017Assets 2018: $8,697,746Liabilities 2018: $0Net Assets 2018: $8,697,7462018Assets 2019: $8,772,346Liabilities 2019: $0Net Assets 2019: $8,772,3462019Assets 2020: $8,954,043Liabilities 2020: $2,500Net Assets 2020: $8,951,5432020Assets 2021: $9,034,736Liabilities 2021: $7,900Net Assets 2021: $9,026,8362021Assets 2022: $13,479,020Liabilities 2022: $4,272Net Assets 2022: $13,474,7482022Assets 2023: $13,373,527Liabilities 2023: $0Net Assets 2023: $13,373,5272023Assets 2024: $13,175,539Liabilities 2024: $0Net Assets 2024: $13,175,5392024

Highlighted filing

2016

Assets$8,288,888
Liabilities$0
Net Assets$8,288,888

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $6,597,988Expenses 2013: $28,066Net Income 2013: $6,569,9222013Revenue 2014: $37,242Expenses 2014: $34,154Net Income 2014: $3,0882014Revenue 2015: $43,194Expenses 2015: $72,622Net Income 2015: -$29,4282015Revenue 2016: $204,640Expenses 2016: $47,311Net Income 2016: $157,3292016Revenue 2017: $202,587Expenses 2017: $173,275Net Income 2017: $29,3122017Revenue 2018: $152,959Expenses 2018: $100,558Net Income 2018: $52,4012018Revenue 2019: $110,637Expenses 2019: $67,067Net Income 2019: $43,5702019Revenue 2020: $90,948Expenses 2020: $62,479Net Income 2020: $28,4692020Revenue 2021: $192,596Expenses 2021: $80,267Net Income 2021: $112,3292021Revenue 2022: $933,645Expenses 2022: $127,517Net Income 2022: $806,1282022Revenue 2023: $220,988Expenses 2023: $115,016Net Income 2023: $105,9722023Revenue 2024: $398,946Expenses 2024: $219,540Net Income 2024: $179,4062024

Highlighted filing

2016

Revenue$204,640
Expenses$47,311
Net Income$157,329
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 24, 2017
Return Version
2016v3.0
Gross Receipts
$204,640
Mission and Program Overview

Mission

The foundation supports literary, scientific, and educational programs, with preference given to organizations principally serving hanover, caroline and king william counties.

See schedule o the foundation supports literary, scientific, and educational programs, with preference given to organizations principally serving hanover, caroline and king william counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,083,554$8,288,888▲ $205,334
Investments Other Securities$8,042,668$8,269,368▲ $226,700
Cash and Non-Interest-Bearing Accounts$40,886$19,520▼ $21,366
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,083,554$8,288,888▲ $205,334
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,083,554$8,288,888▲ $205,334
Total Liabilities and Net Assets / Fund Balance$8,083,554$8,288,888▲ $205,334

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$33,570--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,602
Other Revenue
$201,038
Change in Net Assets
$157,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$40,836
Other Expenses$6,475
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$40,836--$40,836
Fees for Services Accounting-$2,500-$2,500
Other Expenses-$75-$75
Total Functional Expenses$40,836$6,475$0$47,311
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Community Foundation IncRichmond, VA501(c)(3)Unrestricted Support$40,336
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Chairman sylvia acors, directors norman long and franklin jones are all employed by the same employer.

Form 990, Part VI, Section B, Line 11B

A draft of the form 990 and applicable schedules is provided to each member of the flippo endowment foundation board of directors for review before it is filed with the internal revenue service. It is also reviewed by the community foundation's cfo and vice president, donor engagement.

Form 990, Part VI, Section B, Line 12C

Officers and directors of the flippo endowment foundation complete a signed conflict of interest policy annually.

Form 990, Part VI, Section B, Line 15

The flippo endowment foundation has no employees or compensated officers.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
The Jane and Arthur Flippo Endowment
EIN
46-2943706
Phone
8043307400
Address
7501 BOULDERS VIEW DRIVE NO 110, RICHMOND, VA 23225

Signing Officer

Name
Sherrie Brach Armstrong
Title
Director
Phone
8043307400
Signed
2017-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherrie Brach Armstrong
Formed
2013
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Mitchell Wiggins & Company Llp
Address
1802 BAYBERRY COURT SUITE 300, RICHMOND, VA 23226
Preparer
Mark W Tuck CPA
Phone
8042826000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Income from partnerships -204,640.

FORM 990, PART XII, LINE 2C:

The chairman and treasurer of the flippo endowment foundation are invited to participate in the audit committee meetings of the community foundation, inc.

Financial Statement Notes

PART X, LINE 2:

The foundation has adopted financial accounting standards board ("fasb") guidance related to accounting for uncertainty in income taxes, which clarifies the accounting for income taxes by prescribing the minimum recognition threshold that a tax position is required to meet before being recognized in the foundation's combined financial statments. The interpretation also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. In accordance with the interpretation, the foundation discloses the expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the facts of the foundation's position and records unrecognized tax benefits or liabilities for known, or anticipated tax issues based on the foundation's analysis of whether additional taxes would be due to the authority given their full knowledge of the tax position. The foundation has completed its assessment and determined that there were no tax positions which would require recognition under the interpretation. The foundation is not currently under audit by any tax jurisdiction.

Raw XML AppendixShowing 400 of 433 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHERRIE BRACH ARMSTRONG
IRS990/BooksInCareOfDetail/PhoneNum08043307400
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07501 BOULDERS VIEW DRIVE SUITE 110
IRS990/BooksInCareOfDetail/USAddress/CityNm0RICHMOND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023225
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt040886
IRS990/CashNonInterestBearingGrp/EOYAmt019520
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt040836
IRS990/CYInvestmentIncomeAmt03602
IRS990/CYOtherExpensesAmt06475
IRS990/CYOtherRevenueAmt0201038
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0157329
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt047311
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0204640
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt040836
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02500
IRS990/FeesForServicesAccountingGrp/TotalAmt02500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt037.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt06846
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0SHERRIE BRACH ARMSTRONG
IRS990/Form990PartVIISectionAGrp/PersonNm1ANNE G CROSS
IRS990/Form990PartVIISectionAGrp/PersonNm2GRAYSON S JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm3J FRANKLIN JONES JR
IRS990/Form990PartVIISectionAGrp/PersonNm4NORMAN L LONG
IRS990/Form990PartVIISectionAGrp/PersonNm5SYLVIA S ACORS
IRS990/Form990PartVIISectionAGrp/PersonNm6DEE ANN REMO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0284583
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt040836
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt040836
IRS990/GrantsToDomesticOrgsGrp/TotalAmt040836
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0204640
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt03602
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03602
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08042668
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt08269368
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08083554
IRS990/NetAssetsOrFundBalancesEOYAmt08288888
IRS990/NetUnrelatedBusTxblIncmAmt0143523
IRS990/NetUnrlzdGainsLossesInvstAmt0252645
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-204640
IRS990/OtherExpensesGrp/Desc0FEDERAL AND STATE INCOM
IRS990/OtherExpensesGrp/Desc1SCC FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03900
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt175
IRS990/OtherExpensesGrp/TotalAmt03900
IRS990/OtherExpensesGrp/TotalAmt175
IRS990/OtherRevenueMiscGrp/BusinessCd0110000
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM INVESTMENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt055392
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0201038
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0145646
IRS990/OtherRevenueTotalAmt0201038
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHERRIE BRACH ARMSTRONG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt061328
IRS990/PYInvestmentIncomeAmt03400
IRS990/PYOtherExpensesAmt011294
IRS990/PYOtherRevenueAmt039794
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-29428
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt072622
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt043194
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0157329
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08083554
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08288888
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION PROVIDED GRANTS TO ORGANIZATIONS IN SUPPORT OF ITS MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 6
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0237009135
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt040336
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt040336
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03281744
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14954054
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt233570
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN FLIPPO LAND & TIMBER CO., LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN T. FRANK FLIPPO & SONS, LLC
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT IN OLD DOMINION LUMBER DRYING INC.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FOUNDATION'S COMBINED FINANCIAL STATMENTS. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. IN ACCORDANCE WITH THE INTERPRETATION, THE FOUNDATION DISCLOSES THE EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE FACTS OF THE FOUNDATION'S POSITION AND RECORDS UNRECOGNIZED TAX BENEFITS OR LIABILITIES FOR KNOWN, OR ANTICIPATED TAX ISSUES BASED ON THE FOUNDATION'S ANALYSIS OF WHETHER ADDITIONAL TAXES WOULD BE DUE TO THE AUTHORITY GIVEN THEIR FULL KNOWLEDGE OF THE TAX POSITION. THE FOUNDATION HAS COMPLETED ITS ASSESSMENT AND DETERMINED THAT THERE WERE NO TAX POSITIONS WHICH WOULD REQUIRE RECOGNITION UNDER THE INTERPRETATION. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt08269368
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt040336
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0UNRESTRICTED SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1UNRESTRICTED SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0237009135
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07501 BOULDERS VIEW DRIVE SUITE 110
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RICHMOND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023225
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0284583
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt06846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHERRIE BRACH ARMSTRONG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0291429
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHAIRMAN SYLVIA ACORS, DIRECTORS NORMAN LONG AND FRANKLIN JONES ARE ALL EMPLOYED BY THE SAME EMPLOYER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 AND APPLICABLE SCHEDULES IS PROVIDED TO EACH MEMBER OF THE FLIPPO ENDOWMENT FOUNDATION BOARD OF DIRECTORS FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. IT IS ALSO REVIEWED BY THE COMMUNITY FOUNDATION'S CFO AND VICE PRESIDENT, DONOR ENGAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS OF THE FLIPPO ENDOWMENT FOUNDATION COMPLETE A SIGNED CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FLIPPO ENDOWMENT FOUNDATION HAS NO EMPLOYEES OR COMPENSATED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCOME FROM PARTNERSHIPS -204,640.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CHAIRMAN AND TREASURER OF THE FLIPPO ENDOWMENT FOUNDATION ARE INVITED TO PARTICIPATE IN THE AUDIT COMMITTEE MEETINGS OF THE COMMUNITY FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237009135
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GRANTMAKING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 8
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07501 BOULDERS VIEW DR SUITE 110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RICHMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd023225
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt040336
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0UNRESTRICTED SUPPORT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08083554
IRS990/TotalAssetsEOYAmt08288888
IRS990/TotalAssetsGrp/BOYAmt08083554
IRS990/TotalAssetsGrp/EOYAmt08288888
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06475
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt040836
IRS990/TotalFunctionalExpensesGrp/TotalAmt047311
IRS990/TotalGrossUBIAmt0145646
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08083554
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08288888
IRS990/TotalOtherCompensationAmt06846
IRS990/TotalProgramServiceExpensesAmt040836
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt058994
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0204640
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0145646
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08083554
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08288888
IRS990/TotReportableCompRltdOrgAmt0284583
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07501 BOULDERS VIEW DRIVE NO 110
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023225
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.TCFRICHMOND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$0.00$13.2$0.40$0.22$0.18
2023Summary only. Only limited summary data is available for this year.$13.4$0.00$13.4$0.22$0.12$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.00$13.5$0.93$0.13$0.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.03$0.01$9.03$0.19$0.08$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.95$0.00$8.95$0.09$0.06$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.77$0.00$8.77$0.11$0.07$0.04
2018Summary only. Only limited summary data is available for this year.$8.70$0.00$8.70$0.15$0.10$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.37$0.02$8.35$0.20$0.17$0.03
2016Detailed filing. Detailed filing data is available for this year.$8.29$0.00$8.29$0.20$0.05$0.16
2015Detailed filing. Detailed filing data is available for this year.$8.08$0.00$8.08$0.04$0.07$0.03
2014Detailed filing. Detailed filing data is available for this year.$7.28$0.00$7.28$0.04$0.03$0.00
2013Summary only. Only limited summary data is available for this year.$6.59$0.01$6.59$6.60$0.03$6.57