Grateful Funds INC FY2020 filing

Tax-deductible

Midlothian, VA501(c)(3)Foundations & GrantmakersEIN 85-3262610Revenue $43K in FY2020

On file with the IRS14021 Charter Park Dr, 23114-4452 · Midlothian, VATax-exempt since Jul 2021Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2020 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $130K a year · 83% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
990-PF Pt I · 6 filings
Cash reserves
576 mo
of spending, in cash
Looks good: 576.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$43K
Spent
$9
Net assets
$43K
By yearFY2020–FY2025
Revenue
$43K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$43K
FY2021$80K
FY2022$102K
FY2023$595K
FY2024$41K
FY2025$77K
Expenses
$9
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9
FY2021$1K
FY2022$5K
FY2023$26K
FY2024$45K
FY2025$80K
Net assets
$43K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$43K
FY2021$122K
FY2022$219K
FY2023$789K
FY2024$785K
FY2025$783K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $9

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Grateful Funds INC executive salaries →

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Programs and updates

A private foundation based in Midlothian, VA.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 16 grants · $66K · 2025–2025
Frostig SchoolFY2025$10,000
PathFY2025$10,000
Hampton University Proton Cancer InstituteFY2025$10,000
Fresh Supply INCFY2025$10,000
Operation Rock the TroopsFY2025$10,000
Oms FoundationFY2025$6,294
Als AssociationFY2025$2,500
Midlothian Baptist ChurchFY2025$1,000
Mechanicsville High SchoolFY2025$1,000
American Heart AssociationFY2025$1,000
East Coast Surfing Hall of FameFY2025$1,000
Dental Foundation of North CarolinaFY2025$750
Individual RecipientFY2025$500
Richmond Animal LeagueFY2025$500
Highland Support ProjectFY2025$500
Individual RecipientFY2025$500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$4K
Median grantPart XV$1K
Largest grantPart XV$10K

By the numbers

The FY2020 990-PF, line by line.

1The main four
Money in
$43K
Gifts and grants$43K
Investment income$2
Money out
$9
Running costs$9
Owns and owes
$43K
net assets
Cash and savings$432
Total assets$43K
Liabilities$0
2In more detail
Revenue in detail
Gifts and grants$43K
Investment income$2
Total revenue$43K
Assets in detailEnd of year
Cash and savings together$432
Total assets$43K
Liabilities$0
Net assets$43K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $77K$80K−$3K$783K 990 PDF
FY2024 $41K$45K−$3K$785K 990 PDF
FY2023 $595K$26K$569K$789K 990 PDF
FY2022 $102K$5K$97K$219K 990 PDF
FY2021 $80K$1K$79K$122K 990 PDF
FY2020 Viewing $43K$9$43K$43K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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