2023-11-14T09:35:32-06:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2022-01-01 462943706 THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION JANE 8043307400 3409 MOORE STREET RICHMOND VA 23230 SHERRIE ARMSTRONG TREASURER 8043307400 2023-11-06 1 SHERRIE ARMSTRONG XXX-XX-XXXX 0 MARK W TUCK CPA P00074594 8042826000 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHERRIE ARMSTRONG 3409 MOORE STREET RICHMOND VA 23230 933645 0 X WWW.CFRICHMOND.ORG X 2013 VA SEE SCHEDULE O THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES. 7 7 0 6 134200 105772 0 0 0 0 3400 4000 189196 929645 192596 933645 49697 44865 0 0 0 0 0 0 0 30570 82652 80267 127517 112329 806128 9034736 13479020 7900 4272 9026836 13474748 THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES. 0 0 44865 44865 THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES. 44865 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SHERRIE ARMSTRONG 8043307400 3409 MOORE STREET RICHMOND VA 23230 FARHAD AGHDAMI APPOINTED DIRECTOR 0.50 X 0 0 0 ANNE G CROSS SECRETARY 0.50 X X 0 0 0 GRAYSON S JOHNSON APPOINTED DIRECTOR 0.50 X 0 0 0 J FRANKLIN JONES JR LEGACY DIRECTOR 0.50 X 0 0 0 NORMAN L LONG LEGACY DIRECTOR 0.50 X 0 0 0 SYLVIA S ACORS CHAIR 1.00 X X 0 0 0 SHERRIE ARMSTRONG TREASURER 0.50 40.00 X X 0 420179 21956 0 420179 21956 0 0 1 0 0 4000 4000 INCOME FROM INVESTMENT 110000 929645 134200 795445 929645 933645 0 134200 799445 44865 44865 7400 7400 FEDERAL AND STATE INCOM 75002 75002 SCC FEES 175 175 REGISTERED AGENT FEES 75 75 127517 44865 82652 0 32582 15020 9002154 13464000 9034736 13479020 2900 4272 5000 7900 4272 X 9026836 13474748 9026836 13474748 9034736 13479020 806128 3641784 0 X X 0 1 X 1 0 X X X 1 THE COMMUNITY FOUNDATION INC 237009135 8 1 44865 0 1 44865 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6 THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION PROVIDED A GRANT TO ONE ORGANIZATION IN SUPPORT OF ITS MISSION. 24682 113583 44865 82652 10748 54478 50471 49697 30570 24682 46844 70113 46316 16163 54478 13911 100000 45921 21146 46844 4021 110448 44276 56282 13911 1.00000 0 0 0 INVESTMENT IN FLIPPO LAND & TIMBER CO., LLC 5399000 F INVESTMENT IN T. FRANK FLIPPO & SONS, LLC 8065000 F 13464000 X 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. 1 THE COMMUNITY FOUNDATION INC 3409 MOORE STREET RICHMOND VA 23230 237009135 501(C)(3) 44865 0 UNRESTRICTED SUPPORT 1 0 SCHEDULE I, PART 1, LINE 2: THE BOARD OF THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION WORKS CLOSELY WITH THE COMMUNITY FOUNDATION, INC. STAFF TO CONSIDER POTENTIAL GRANTEES. THE COMMUNITY FOUNDATION STAFF COLLECTS AND REVIEWS DUE DILIGENCE DOCUMENTATION ON PROSPECTIVE GRANTEES AND SHARES INFORMATION WITH THE BOARD OF THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION. THE COMMUNITY FOUNDATION STAFF MEMBERS FOLLOW UP WITH THE GRANTEES TO RECEIVE PROGRESS REPORTS AND SHARE FOLLOW-UP INFORMATION WITH THE BOARD. 0 0 0 0 0 0 0 0 0 SHERRIE ARMSTRONG TREASURER 0 341161 0 72393 0 6625 0 14331 0 7625 0 442135 0 0 FORM 990, PART VI, SECTION A, LINE 2 CHAIR SYLVIA ACORS, DIRECTORS NORMAN LONG AND FRANKLIN JONES ARE ALL EMPLOYED BY THE SAME EMPLOYER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER THE FORM 990 INSTRUCTIONS FURTHER DEFINE A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION OR OTHER LEGAL ENTITY) WITH THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDINGLY, THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION HAS ONE MEMBER: THE COMMUNITY FOUNDATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE COMMUNITY FOUNDATION, INC. HAS THE POWER TO ELECT A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS. 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. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE FLIPPO ENDOWMENT FOUNDATION COMPLETE A SIGNED CONFLICT OF INTEREST POLICY ANNUALLY. IN THE EVENT OF A CONFLICT, THE BOARD MEMBER WILL RECUSE HIM/HER SELF FROM VOTING ON THE CONFLICT. 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. FORM 990, PART XII, LINE 2C THE FOUNDATION'S TREASURER PARTICIPATES IN THE AUDIT COMMITTEE MEETINGS OF THE COMMUNITY FOUNDATION, INC. THE COMMUNITY FOUNDATION INC 3409 MOORE STREET RICHMOND VA 23230 237009135 GRANTMAKING VA 501(C)(3) LINE 8 N/A 0 ANN K KIRBY FOUNDATION 3409 MOORE STREET RICHMOND VA 23230 472639018 GRANTMAKING VA 501(C)(3) LINE 12A, I THE COMMUNITY FOUNDATION INC 1 ANNABELLA R JENKINS FOUNDATION 3409 MOORE STREET RICHMOND VA 23230 541364974 GRANTMAKING VA 501(C)(3) LINE 12A, I THE COMMUNITY FOUNDATION INC 1 THE PAULEY FAMILY FOUNDATION 3409 MOORE STREET RICHMOND VA 23230 541685158 GRANTMAKING VA 501(C)(3) LINE 12A, I THE COMMUNITY FOUNDATION INC 1 REB FOUNDATION 3409 MOORE STREET RICHMOND VA 23230 521206536 GRANTMAKING VA 501(C)(3) LINE 12A, I THE COMMUNITY FOUNDATION INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 THE COMMUNITY FOUNDATION INC B 44865 UNRESTRICTED SUPPORT