Civic Intelligence

Richard Bennett Trust

990 • Fiscal year 2023 • EIN 54-6068391

Jan 01, 2023 to Dec 31, 2023 • Filed on May 22, 2024

Organization ProfileN/A
9356 Eclipse DrSuffolk, VA 23433

(757) 238-3242

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

15th percentile

$18,000

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

46th percentile

4.9%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$13,971,128

Up $649,792 (+4.9%) from 2022

Net Assets

Up

$13,971,128

Up $649,792 (+4.9%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin87th percentile

Revenue

Up

$422,517

Up $93,662 (+28%) from 2022

Expenses

Up

$260,295

Up $14,675 (+6.0%) from 2022

Net Income

Up

$162,222

Up $78,987 (+95%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$15M$10M$5.0M$0Assets 2010: $12,091,168Liabilities 2010: $0Net Assets 2010: $12,091,1682010Assets 2011: $12,370,444Liabilities 2011: $0Net Assets 2011: $12,370,4442011Assets 2012: $12,344,397Liabilities 2012: $0Net Assets 2012: $12,344,3972012Assets 2013: $12,284,683Liabilities 2013: $0Net Assets 2013: $12,284,6832013Assets 2014: $12,597,377Liabilities 2014: $0Net Assets 2014: $12,597,3772014Assets 2015: $12,345,430Liabilities 2015: $5,000Net Assets 2015: $12,340,4302015Assets 2016: $12,163,100Liabilities 2016: $0Net Assets 2016: $12,163,1002016Assets 2017: $12,599,126Liabilities 2017: $0Net Assets 2017: $12,599,1262017Assets 2018: $12,188,858Liabilities 2018: $0Net Assets 2018: $12,188,8582018Assets 2019: $13,422,579Liabilities 2019: $0Net Assets 2019: $13,422,5792019Assets 2020: $13,836,757Liabilities 2020: $0Net Assets 2020: $13,836,7572020Assets 2021: $14,507,786Liabilities 2021: $0Net Assets 2021: $14,507,7862021Assets 2022: $13,321,336Liabilities 2022: $0Net Assets 2022: $13,321,3362022Assets 2023: $13,971,128Liabilities 2023: $0Net Assets 2023: $13,971,1282023Assets 2024: $14,612,949Liabilities 2024: $0Net Assets 2024: $14,612,9492024

Highlighted filing

2023

Assets$13,971,128
Liabilities$0
Net Assets$13,971,128
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $216,0772010Expenses 2011: $201,4572011Expenses 2012: $276,4382012Revenue 2013: $227,666Expenses 2013: $216,860Net Income 2013: $10,8062013Revenue 2014: $202,123Expenses 2014: $237,601Net Income 2014: -$35,4782014Revenue 2015: $308,148Expenses 2015: $240,332Net Income 2015: $67,8162015Revenue 2016: -$143,829Expenses 2016: $244,233Net Income 2016: -$388,0622016Revenue 2017: $422,245Expenses 2017: $215,397Net Income 2017: $206,8482017Revenue 2018: $265,912Expenses 2018: $204,245Net Income 2018: $61,6672018Revenue 2019: $418,653Expenses 2019: $211,326Net Income 2019: $207,3272019Revenue 2020: $195,589Expenses 2020: $223,841Net Income 2020: -$28,2522020Revenue 2021: $631,489Expenses 2021: $241,571Net Income 2021: $389,9182021Revenue 2022: $328,855Expenses 2022: $245,620Net Income 2022: $83,2352022Revenue 2023: $422,517Expenses 2023: $260,295Net Income 2023: $162,2222023Revenue 2024: $394,092Expenses 2024: $262,981Net Income 2024: $131,1112024

Highlighted filing

2023

Revenue$422,517
Expenses$260,295
Net Income$162,222
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$2,515,146
Mission and Program Overview

Mission

Aid to individuals and organizations in the vicinity where the trust is maintained.

AID TO THOSE IN NEED

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,226,079$6,950,764▲ $724,685
Land, Buildings, and Equipment, Net$6,724,300$6,724,300→ $0
Savings and Temporary Cash Investments$370,957$296,064▼ $74,893
Total Assets$13,321,336$13,971,128▲ $649,792
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,321,336$13,971,128▲ $649,792
Total Net Assets Fund Balance$13,321,336$13,971,128▲ $649,792
Total Liabilities and Net Assets / Fund Balance$13,321,336$13,971,128▲ $649,792

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,724,300-$6,724,300
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Thomas a HazelwoodSecretary-treasurerPT$18,000$18,000
A Scott OvertonTrustee-$1,500$1,500
C Robert Johnson IiiChairman-$1,500$1,500
Capt W G Saunders JrTrustee-$1,500$1,500
G Wayne RhoadsVice-chairman-$1,500$1,500
Revenue and Support

Revenue Composition

Contributions and Grants
$60,000
Program Service Revenue
$0
Investment Income
$330,396
Other Revenue
$32,121
All Other Contributions
$60,000
Change in Net Assets
$162,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$173,000
Other Expenses$63,295
Salaries, Compensation, and Employee Benefits$24,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$173,000--$173,000
Fees for Service Investment Mgmnt Fees-$35,437-$35,437
Current Officers, Directors, Trustees, and Key Employees$6,000$18,000-$24,000
Fees for Services Accounting-$16,250-$16,250
Insurance-$4,189-$4,189
Other Expenses$2,552$1,355-$1,355
Office Expenses-$419-$419
Total Functional Expenses$184,645$75,650$0$260,295
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Access FoundationNorfolk, VA501(c)(3)To Provide Scholarships to Deserving Students in the Area.$25,000
Salvation ArmySuffolk, VA501(c)(3)To Aid Operations.$10,000
Suffolk Christian Fellowship CenterSuffolk, VA501(c)(3)To Aid Operations.$10,000
Suffolk Youth Athletic AssociationSuffolk, VA501(c)(3)To Aid Operations.$10,000
The Genieve CenterSuffolk, VA501(c)(3)To Aid Operations.$10,000
Western Tidewater Free ClinicSuffolk, VA501(c)(3)To Aid Operations.$10,000
Edmarc IncChesapeake, VA501(c)(3)To Aid Operations.$8,000
Red CrossSuffolk, VA501(c)(3)To Aid Operations.$6,000
Suffolk Center for Cultural ArtsSuffolk, VA501(c)(3)To Aid Operations.$6,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“C. Robert johnson iii and thomas hazelwood, both directors of the organization, lease property together. No lease agreement has any effect on richard bennett trust.”

Form 990, Part VI, Section A, Line 7A

“Courts must approve all trustees.”

Form 990, Part VI, Section A, Line 7B

“All major decisions of the governing body are subject to approval of the suffolk circuit court 5th judical circuit of virginia.”

Form 990, Part VI, Section A, Line 8B

“The organization has no committees.”

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

“All trustees review form 990 and attachments before filing.”

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

“Annually each officer, director, or trustee signs a statement affirming the following: that they have read and understand the policy, agree to comply with the policy.”

Form 990, Part VI, Section B, Line 15

“All compensation arrangements must be approved by the suffolk circuit court 5th judical circuit of virginia.”

Form 990, Part VI, Section C, Line 19

“Governing documents are furnished upon request. Annual report is on file with the court office.”

Filing and Contact Details

Filer

Filer Name
Richard Bennett Trust
EIN
54-6068391
Phone
7572383242
Address
9356 ECLIPSE DR, SUFFOLK, VA 23433

Signing Officer

Name
Thomas Hazelwood
Title
Secretary/treasurer
Phone
7572383242
Signed
2024-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Hazelwood
Formed
1676
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Pbmares Llp
Address
150 BOUSH STREET SUITE 400, NORFOLK, VA 23510
Preparer
Jennifer N French CPA
Phone
7576274644
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 1

“The organization uses the modified cash basis of accounting.”

Raw XML AppendixShowing 400 of 425 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/AccountantCompileOrReviewInd01
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0AID TO THOSE IN NEED
IRS990/AllOtherContributionsAmt060000
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS A HAZELWOOD
IRS990/BooksInCareOfDetail/PhoneNum07572383242
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09356 ECLIPSE DR
IRS990/BooksInCareOfDetail/USAddress/CityNm0SUFFOLK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023433
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt06000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt024000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt060000
IRS990/CYGrantsAndSimilarPaidAmt0173000
IRS990/CYInvestmentIncomeAmt0330396
IRS990/CYOtherExpensesAmt063295
IRS990/CYOtherRevenueAmt032121
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0162222
IRS990/CYSalariesCompEmpBnftPaidAmt024000
IRS990/CYTotalExpensesAmt0260295
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0422517
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDE AID TO ORGANIZATIONS IN THE VICINITY OF SUFFOLK, VIRGINIA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0184645
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016250
IRS990/FeesForServicesAccountingGrp/TotalAmt016250
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt035437
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt035437
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS A HAZELWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm1C ROBERT JOHNSON III
IRS990/Form990PartVIISectionAGrp/PersonNm2G WAYNE RHOADS
IRS990/Form990PartVIISectionAGrp/PersonNm3A SCOTT OVERTON
IRS990/Form990PartVIISectionAGrp/PersonNm4CAPT W G SAUNDERS JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt018000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01676
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt076783
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0173000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0173000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0173000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02169412
IRS990/GrossReceiptsAmt02515146
IRS990/GrossRentsGrp/RealAmt032121
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04189
IRS990/InsuranceGrp/TotalAmt04189
IRS990/InvestmentIncomeGrp/ExclusionAmt0253613
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0253613
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06226079
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06950764
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06724300
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06724300
IRS990/LandBldgEquipCostOrOtherBssAmt06724300
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02092629
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AID TO INDIVIDUALS AND ORGANIZATIONS IN THE VICINITY WHERE THE TRUST IS MAINTAINED.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013321336
IRS990/NetAssetsOrFundBalancesEOYAmt013971128
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt076783
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt076783
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt032121
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt032121
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0487570
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013321336
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013971128
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0419
IRS990/OfficeExpensesGrp/TotalAmt0419
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2FOREIGN TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01355
IRS990/OtherExpensesGrp/ProgramServicesAmt03093
IRS990/OtherExpensesGrp/ProgramServicesAmt12552
IRS990/OtherExpensesGrp/TotalAmt03093
IRS990/OtherExpensesGrp/TotalAmt12552
IRS990/OtherExpensesGrp/TotalAmt21355
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THOMAS HAZELWOOD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0163200
IRS990/PYInvestmentIncomeAmt0296734
IRS990/PYOtherExpensesAmt058420
IRS990/PYOtherRevenueAmt032121
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt083235
IRS990/PYSalariesCompEmpBnftPaidAmt024000
IRS990/PYTotalExpensesAmt0245620
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0328855
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0162222
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt032121
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0370957
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0296064
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LandGrp/BookValueAmt06724300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06724300
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06724300
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt26000
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt525000
IRS990ScheduleI/RecipientTable/CashGrantAmt610000
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS IN THE AREA.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8TO AID OPERATIONS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EDMARC INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1WESTERN TIDEWATER FREE CLINIC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SUFFOLK CENTER FOR CULTURAL ARTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3RED CROSS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SALVATION ARMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5ACCESS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6SUFFOLK CHRISTIAN FELLOWSHIP CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7THE GENIEVE CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8SUFFOLK YOUTH ATHLETIC ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientEIN0541092904
IRS990ScheduleI/RecipientTable/RecipientEIN1263302837
IRS990ScheduleI/RecipientTable/RecipientEIN2542051283
IRS990ScheduleI/RecipientTable/RecipientEIN3530196605
IRS990ScheduleI/RecipientTable/RecipientEIN4132923701
IRS990ScheduleI/RecipientTable/RecipientEIN5541440734
IRS990ScheduleI/RecipientTable/RecipientEIN6034262453
IRS990ScheduleI/RecipientTable/RecipientEIN7541463053
IRS990ScheduleI/RecipientTable/RecipientEIN8541174985
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2105
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13000 GODWIN BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2110 W FINNEY AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3109 1/2 CLAY STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 1000
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt57300 NEWPORT AVENUE SUITE 500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO BOX 1842
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt71548 C HOLLAND ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO BOX 3081
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHESAPEAKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm3SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm4SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm5NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm7SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm8SUFFOLK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023327
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123434
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223434
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd323434
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd4234391000
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd523505
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd623439
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd723434
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd823439
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES REQUIRES PROSPECTIVE GRANT RECIPIENTS TO SUBMIT COPIES OF CURRENT FINANCIAL STATEMENTS AND PROPOSED BUDGETS. THE TRUSTEES ASSESS THE NEEDS OF THE PROSPECTIVE RECIPIENTS AND AWARD GRANTS BASED UPON THE ABOVE CRITERIA.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0C. ROBERT JOHNSON III AND THOMAS HAZELWOOD, BOTH DIRECTORS OF THE ORGANIZATION, LEASE PROPERTY TOGETHER. NO LEASE AGREEMENT HAS ANY EFFECT ON RICHARD BENNETT TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COURTS MUST APPROVE ALL TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MAJOR DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL OF THE SUFFOLK CIRCUIT COURT 5TH JUDICAL CIRCUIT OF VIRGINIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL TRUSTEES REVIEW FORM 990 AND ATTACHMENTS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY EACH OFFICER, DIRECTOR, OR TRUSTEE SIGNS A STATEMENT AFFIRMING THE FOLLOWING: THAT THEY HAVE READ AND UNDERSTAND THE POLICY, AGREE TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL COMPENSATION ARRANGEMENTS MUST BE APPROVED BY THE SUFFOLK CIRCUIT COURT 5TH JUDICAL CIRCUIT OF VIRGINIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE FURNISHED UPON REQUEST. ANNUAL REPORT IS ON FILE WITH THE COURT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION USES THE MODIFIED CASH BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART XII, LINE 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013321336
IRS990/TotalAssetsEOYAmt013971128
IRS990/TotalAssetsGrp/BOYAmt013321336
IRS990/TotalAssetsGrp/EOYAmt013971128
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt060000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075650
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184645
IRS990/TotalFunctionalExpensesGrp/TotalAmt0260295
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013321336
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013971128
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0184645
IRS990/TotalReportableCompFromOrgAmt024000
IRS990/TotalRevenueGrp/ExclusionAmt0362517
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0422517
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013321336
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013971128
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09356 ECLIPSE DR
IRS990/USAddress/CityNm0SUFFOLK
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023433
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS HAZELWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07572383242
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RICHARD BENNETT TRUST

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,971,128
Liabilities
$0
Net assets
$13,971,128
Revenue
$422,517
Expenses
$260,295
Net income
$162,222
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.6$0.00$14.6$0.39$0.26$0.13
2023Detailed filing. Detailed filing data is available for this year.$14.0$0.00$14.0$0.42$0.26$0.16
2022Detailed filing. Detailed filing data is available for this year.$13.3$0.00$13.3$0.33$0.25$0.08
2021Detailed filing. Detailed filing data is available for this year.$14.5$0.00$14.5$0.63$0.24$0.39
2020Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$0.20$0.22$0.03
2019Detailed filing. Detailed filing data is available for this year.$13.4$0.00$13.4$0.42$0.21$0.21
2018Detailed filing. Detailed filing data is available for this year.$12.2$0.00$12.2$0.27$0.20$0.06
2017Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.42$0.22$0.21
2016Detailed filing. Detailed filing data is available for this year.$12.2$0.00$12.2$0.14$0.24$0.39
2015Detailed filing. Detailed filing data is available for this year.$12.3$0.01$12.3$0.31$0.24$0.07
2014Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.20$0.24$0.04
2013Detailed filing. Detailed filing data is available for this year.$12.3$0.00$12.3$0.23$0.22$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.00$12.3$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$0.00$12.4$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.00$12.1$0.22