THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION

EIN: 462943706 501(c)(3) Philanthropy & Grantmaking

RICHMOND, VA

Total Revenue
$220,988
Total Expenses
$115,016
Total Assets
$13,373,527
Net Assets
$13,373,527
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
SHERRIE ARMSTRONG
Phone
8043307400
Tax Period
2023-01-01 to 2023-12-31

THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $221K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $106K, a strong 48% operating margin.

Mission

THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $92,257

THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $20,278
Other Revenue $200,710
TOTAL REVENUE $220,988

Expense Breakdown

Grants Paid $92,257
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $92,257
Other Expenses $22,759
TOTAL EXPENSES $115,016

Year-over-Year Comparison

2023 2022 Change
Revenue $220,988 $933,645 -0.8%
Expenses $115,016 $127,517 -0.1%
Net Income $105,972 $806,128 -0.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$548,704
Total Directors
7
$548,704
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FARHAD AGHDAMI APPOINTED DIRECTOR 0.50
Director
$0 $0 $0
ANNE G CROSS SECRETARY 0.50
Officer Director
$0 $0 $0
GRAYSON S JOHNSON APPOINTED DIRECTOR 0.50
Director
$0 $0 $0
J FRANKLIN JONES JR LEGACY DIRECTOR 0.50
Director
$0 $0 $0
NORMAN L LONG LEGACY DIRECTOR 0.50
Director
$0 $0 $0
SYLVIA S ACORS CHAIR 1.00
Officer Director
$0 $0 $0
SHERRIE ARMSTRONG TREASURER 0.50
Officer Director
$0 $64,424 $548,704
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $220,988 $115,016 $13,373,527 $105,972
2022 $933,645 $127,517 $13,479,020 $806,128
2021 $192,596 $80,267 $9,034,736 $112,329
2020 $90,948 $62,479 $8,954,043 $28,469
2019 $110,637 $67,067 $8,772,346 $43,570
2018 $152,959 $100,558 $8,697,746 $52,401
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