HARGRAVE FOUNDATION

EIN: 541538751 501(c)(3)

CHATHAM, VA

Total Revenue
$392,067
Total Expenses
$469,963
Total Assets
$1,204,839
Net Assets
$1,204,839
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1990
Principal Officer
WILLIAM RIDDLE
Phone
8044322481
Tax Period
2025-01-01 to 2025-12-31

HARGRAVE FOUNDATION, founded in 1990, is a small nonprofit that reported $402K in total revenue in fiscal year 2018. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $153K, a strong 38% operating margin.

Mission

STUDENT AID AND SCHOLARSHIPS

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $191,200
Program Service Revenue $0
Investment Income $200,867
Other Revenue $0
TOTAL REVENUE $392,067

Expense Breakdown

Grants Paid $455,822
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $465,137
Other Expenses $14,141
TOTAL EXPENSES $469,963

Year-over-Year Comparison

2025 2024 Change
Revenue $392,067 $339,115 +0.2%
Expenses $469,963 $729,110 -0.4%
Net Income $-77,896 $-389,995 -0.8%
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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN J DAVENPORT DIRECTOR N/A
Director
$0 $0 $0
LEWIS WALL PRESIDENT N/A
Officer Director
$0 $0 $0
WILLIAM RIDDLE SEC TREAS N/A
Officer
$0 $0 $0
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
2025 $392,067 $469,963 $1,204,839 $-77,896
2024 $339,115 $729,110 $1,366,191 $-389,995
2023 $297,161 $595,088 $1,756,186 $-297,927
2022 $-231,013 $142,470 $2,054,113 $-373,483
2021 $489,641 $279,778 $2,427,595 $209,863
2020 $15,699 $1,037,592 $2,217,732 $-1,021,893
2019 $772,252 $248,367 $3,239,625 $523,885
2018 $402,229 $248,761 $2,715,740 $153,468
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