Civic Intelligence

Richfield Foundation

990 • Fiscal year 2015 • EIN 51-0190110

Oct 01, 2014 to Sep 30, 2015 • Filed on Jun 03, 2016

PO Box 3240Salem, VA 24153

(540) 380-4500

Siviq Scores

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

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.60x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$215,496

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 53.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

21st percentile

-5.4%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

82%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,658,895

Down $210,771 (-5.4%) from 2014

Net Assets

Down

$3,415,252

Down $58,748 (-1.7%) from 2014

Liabilities

Down

$243,643

Down $152,023 (-38%) from 2014

Revenue

Up

$404,205

Up $182,455 (+82%) from 2014

Expenses

Down

$66,628

Down $249,120 (-79%) from 2014

Net Income

Up

$337,577

Up $431,575 (+459%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,632,960Liabilities 2010: $86,340Net Assets 2010: $2,546,6202010Assets 2011: $2,632,639Liabilities 2011: $103,297Net Assets 2011: $2,529,3422011Assets 2012: $3,074,456Liabilities 2012: $105,023Net Assets 2012: $2,969,4332012Assets 2013: $3,504,974Liabilities 2013: $105,023Net Assets 2013: $3,399,9512013Assets 2014: $3,869,666Liabilities 2014: $395,666Net Assets 2014: $3,474,0002014Assets 2015: $3,658,895Liabilities 2015: $243,643Net Assets 2015: $3,415,2522015Assets 2016: $3,960,671Liabilities 2016: $327,575Net Assets 2016: $3,633,0962016Assets 2017: $4,208,930Liabilities 2017: $295,825Net Assets 2017: $3,913,1052017Assets 2018: $3,097,193Liabilities 2018: $169,722Net Assets 2018: $2,927,4712018Assets 2019: $3,202,971Liabilities 2019: $137,997Net Assets 2019: $3,064,9742019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$3,658,895
Liabilities$243,643
Net Assets$3,415,252

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $35,4902010Expenses 2011: $36,1972011Expenses 2012: $21,2762012Expenses 2013: $19,0492013Revenue 2014: $221,750Expenses 2014: $315,748Net Income 2014: -$93,9982014Revenue 2015: $404,205Expenses 2015: $66,628Net Income 2015: $337,5772015Revenue 2016: $160,224Expenses 2016: $68,145Net Income 2016: $92,0792016Revenue 2017: $206,728Expenses 2017: $7,065Net Income 2017: $199,6632017Revenue 2018: $100,770Expenses 2018: $1,247,845Net Income 2018: -$1,147,0752018Revenue 2019: $79,332Expenses 2019: $1,275Net Income 2019: $78,0572019Revenue 2020: $0Expenses 2020: $3,064,974Net Income 2020: -$3,064,9742020

Highlighted filing

2015

Revenue$404,205
Expenses$66,628
Net Income$337,577
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jun 3, 2016
Return Version
2014v6.0
Gross Receipts
$1,709,505
Mission and Program Overview

Mission

To receive and administer grants, gifts, donations and bequests in a manner designed to promote the activities of richfield living and ridgecrest at richfield.

To receive and administer grants, gifts, donations and bequests in a manner designed to promote the activities of Richfield Recovery & Care Center and Ridgecrest at Richfield.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,436,224$2,180,779▼ $1,255,445
Savings and Temporary Cash Investments$208,827$417,093▲ $208,266
Cash and Non-Interest-Bearing Accounts$218,439$156,336▼ $62,103
Prepaid Expenses and Deferred Charges-$300-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,869,666$3,658,895▼ $210,771
Other Assets Total$6,176$904,387▲ $898,211
Liabilities
Grants Payable$243,643$243,643→ $0
Other Liabilities$147,823--
Accounts Payable and Accrued Expenses$4,200--
Total Liabilities$395,666$243,643▼ $152,023
Net Assets / Fund Balance
Unrestricted Net Assets$2,993,087$2,931,687▼ $61,400
Permanently Rstr Net Assets$352,560$352,560→ $0
Temporarily Rstr Net Assets$128,353$131,005▲ $2,652
Total Net Assets Fund Balance$3,474,000$3,415,252▼ $58,748
Total Liabilities and Net Assets / Fund Balance$3,869,666$3,658,895▼ $210,771

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$4,328--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Susan P Woodie-WIlliamsSr Vice Pres$131,922$131,922
Tonya WoolwineExec Corp Secr$66,404$66,404
David M GringVice Chairman$5,250$5,250
Dr Edwin PolverinoDirector$5,250$5,250
Dr Martha AndersonDirector$5,250$5,250
Dr Warren G ClarkDirector$5,250$5,250
Ellis GutshallDirector$5,250$5,250
Katherine F StricklandDirector$5,250$5,250
Kenneth LaughonFormer Director$5,250$5,250
Lucy T EllettFormer Director$5,250$5,250
Mark L GobbleDirector$5,250$5,250
Melinda PayneDirector$5,250$5,250
Mrs Sydney NordtDirector$5,250$5,250
W Stewart BruceChairman$5,250$5,250

Board Members and Trustees

NameTitle
George ChildCEO
D Raymond FisherFormer CEO
Herbert E BowlingFormer CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$10,125
Program Service Revenue
$0
Investment Income
$394,080
Other Revenue
$0
All Other Contributions
$10,125
Change in Net Assets
$337,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$44,478
Other Expenses$22,150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$44,478--$44,478
Fees for Service Investment Mgmnt Fees-$22,134-$22,134
Fees for Services Accounting-$16-$16
Total Functional Expenses$44,478$22,150$0$66,628
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Richfield Recovery & Care CenSalem, VA501(c)(3)Repairs to Chapel$26,478
Radford University FoundationRadford, VA501(c)(3)Nursing Scholarship$18,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

Form 990 will be reviewed and approved by the Finance Committee of the Board of Directors prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Organization annually requires its Board members, officers and key employees to complete a written questionnaire disclosing potential conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation for top management is determined by the Executive Committee of the Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation for top management is determined by the Executive Committee of the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Richfield Foundation
EIN
51-0190110
Phone
5403804500
Address
PO Box 3240, Salem, VA 24153

Signing Officer

Name
Cherie Grisso
Title
CFO
Signed
2016-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Child
Formed
1976
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
King Shores & Preston CPAs
Address
2707 Brambleton Ave SW, Roanoke, VA 24015
Preparer
Russell T Shores
Phone
5407760771
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