STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

RED GATES FOUNDATION

2024 · Form 990PF · revenue $79.3M · expenses $38.4M · assets $1.52B

EIN
30-1201296
Address
920 LIBBIE AVE STE 105, RICHMOND, VA 23226-2050
NTEE code
T20
Subsection
501(c)(3)
Ruling year
2021
Cross-check
ProPublica Nonprofit Explorer

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

3 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

NameLatest titleYearsLatest year payTotal pay from hereOrganizations
Jeff Galanti EXECUTIVE DIRECTOR2022-2024 $604,415$1,578,465 1
Mark Smith DIRECTOR OF INVESTME2023-2024 $432,428$675,851 1
Stephanie Hicks DIR OF FINANCE AND A2022-2024 $230,957$550,893 1
Unpaid officers and directors · 4 people
NameLatest titleYearsOrganizations
William H Goodwin Jr CHAIRMAN2021-2024 14
Matthew T Goodwin VICE CHAIRMAN2020-2024 5
Richard J Higgerson BOARD MEMBER2021-2024 2
James A Jones (former) TREASURER2020-2022 7

People by year

2024 · 6 people listed · 3 paid, $1.3M
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JEFF GALANTI EXECUTIVE DIRECTOR40 $541,461-$62,954 $604,4151
MARK SMITH DIRECTOR OF INVESTME40 $390,687-$41,741 $432,4281
STEPHANIE HICKS DIR OF FINANCE AND A40 $192,806-$38,151 $230,9571
WILLIAM H GOODWIN JR CHAIRMAN1 $0-$0 $014
MATTHEW T GOODWIN VICE CHAIRMAN1 $0-$0 $05
RICHARD J HIGGERSON BOARD MEMBER1 $0-$0 $02
2023 · 6 people listed · 3 paid, $988K
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JEFF GALANTI EXECUTIVE DIRECTOR40 $471,250-$59,500 $530,7501
MARK SMITH DIRECTOR OF INVESTME40 $222,872-$20,551 $243,4231
STEPHANIE HICKS DIR OF FINANCE AND A40 $183,751-$29,734 $213,4851
WILLIAM H GOODWIN JR CHAIRMAN1 $0-$0 $014
MATTHEW T GOODWIN VICE CHAIRMAN1 $0-$0 $05
RICHARD J HIGGERSON BOARD MEMBER1 $0-$0 $02
2022 · 6 people listed · 2 paid, $550K
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
JEFF GALANTI EXECUTIVE DIRECTOR40 $425,000-$18,300 $443,3001
STEPHANIE HICKS DIR OF FINANCE AND A40 $100,072-$6,379 $106,4511
WILLIAM H GOODWIN JR CHAIRMAN1 $0-$0 $014
MATTHEW T GOODWIN VICE CHAIRMAN1 $0-$0 $05
JAMES A JONES TREASURER1 $0-$0 $07
RICHARD J HIGGERSON BOARD MEMBER1 $0-$0 $02
2021 · 4 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
WILLIAM H GOODWIN JR CHAIRMAN1 $0-$0 $014
MATTHEW T GOODWIN VICE CHAIRMAN1 $0-$0 $05
JAMES A JONES TREASURER1 $0-$0 $07
RICHARD J HIGGERSON BOARD MEMBER1 $0-$0 $02
2020 · 2 people listed · none paid
NameTitleHrs/wkFrom orgFrom relatedOtherTotalOrgs
MATTHEW T GOODWIN DIRECTOR1 $0-$0 $05
JAMES A JONES TREASURER2 $0-$0 $07

Highest-paid independent contractors

No independent contractors reported.

Who the money went to

Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.

2024 · 33 grants to organizations · $67.3M

Listed grants add up to $67,338,685; the return's “grants paid” expense line says $28,827,310. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.

2023 · 26 grants to organizations · $71.9M

Listed grants add up to $71,871,654; the return's “grants paid” expense line says $146,858,277. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.

2022 · 7 grants to organizations · $3.3M

Listed grants add up to $3,278,773; the return's “grants paid” expense line says $76,601,365. Returns can differ here (grants paid vs. accrued, items listed elsewhere); check the filing.

2021 · 2 grants to organizations · $60K
2020 · 3 grants to organizations · $360K

Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.

Who gave

Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.

2024 · 1 contributor · $950K
#ContributorTypeCity, stateTotalNoncashSource
1 ESTATE OF WILLIAM H GOODWIN III Organization or other RICHMOND, VA $950,000- Form 990PF Sch. B, 2024 · filing
2022 · 1 contributor · $2.05B
#ContributorTypeCity, stateTotalNoncashSource
1 ESTATE OF WILLIAM H GOODWIN III Organization or other RICHMOND, VA $2,047,286,838- Form 990PF Sch. B, 2022 · filing
2021 · 1 contributor · $386K
#ContributorTypeCity, stateTotalNoncashSource
1 WILLIAM H GOODWIN III REVOCABLE TRUST Organization or other RICHMOND, VA $385,600- Form 990PF Sch. B, 2021 · filing
2020 · 1 contributor · $324K
#ContributorTypeCity, stateTotalNoncashSource
1 WILLIAM H GOODWIN III REVOCABLE TRUST Organization or other RICHMOND, VA $324,000- Form 990PF Sch. B, 2020 · filing

Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

RevenueExpensesAssetsNet assetsContributionsProgram revenueOfficer payEmployeesVolunteers
2024 · Form 990PF period ending 2024-12-31 · view filing · original 990 ↗
$79,331,095$38,417,959 $1,521,801,051$1,289,613,005 $950,000- $0--
2023 · Form 990PF period ending 2023-12-31 · view filing · original 990 ↗
$38,249,357$154,220,255 $1,367,916,776$1,116,483,529 -- $0--
2022 · Form 990PF period ending 2022-12-31 · view filing · original 990 ↗
$2,056,012,527$80,269,630 $1,405,364,412$1,272,020,960 $2,047,286,838- $0--
2021 · Form 990PF period ending 2021-12-31 · view filing · original 990 ↗
$385,601$143,735 $255,620$255,620 $385,600- $0--
2020 · Form 990PF period ending 2020-12-31 · view filing · original 990 ↗
$324,042$415,292 $13,754$13,754 $324,000- $0--

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990PF · $38,417,959 spent · pay $1,270,878 · grants $28,827,310 · events $8,237
LineAs describedTotalShare
Contributions, gifts, grants paid $28,827,310 75.0%
Interest $5,868,185 15.3%
Taxes $1,289,568 3.4%
Other salaries and wages $1,125,355 2.9%
Fees: other professional $946,895 2.5%
Pension plans and employee benefits $145,523 0.4%
Other expenses $104,091 0.3%
Fees: accounting $65,462 0.2%
Fees: legal $37,333 0.1%
Travel, conferences and meetings $8,237 0.0%
Total$38,417,959100%

View the filing

2023 · Form 990PF · $154,220,255 spent · pay $995,953 · grants $146,858,277 · events $8,176
LineAs describedTotalShare
Contributions, gifts, grants paid $146,858,277 95.2%
Interest $3,253,150 2.1%
Taxes $1,018,402 0.7%
Fees: other professional $978,378 0.6%
Other expenses $937,992 0.6%
Other salaries and wages $877,872 0.6%
Pension plans and employee benefits $118,081 0.1%
Fees: accounting $88,844 0.1%
Fees: legal $81,083 0.1%
Travel, conferences and meetings $8,176 0.0%
Total$154,220,255100%

View the filing

2022 · Form 990PF · $80,269,630 spent · pay $579,410 · grants $76,601,365 · events $6,679
LineAs describedTotalShare
Contributions, gifts, grants paid $76,601,365 95.4%
Interest $1,334,996 1.7%
Fees: other professional $1,014,703 1.3%
Taxes $676,243 0.8%
Other salaries and wages $529,169 0.7%
Pension plans and employee benefits $50,241 0.1%
Other expenses $33,386 0.0%
Fees: legal $13,196 0.0%
Fees: accounting $9,652 0.0%
Travel, conferences and meetings $6,679 0.0%
Total$80,269,630100%

View the filing

2021 · Form 990PF · $143,735 spent · pay $0 · grants $60,000 · events $373
LineAs describedTotalShare
Fees: other professional $77,925 54.2%
Contributions, gifts, grants paid $60,000 41.7%
Other expenses $4,187 2.9%
Fees: legal $1,250 0.9%
Travel, conferences and meetings $373 0.3%
Total$143,735100%

View the filing

2020 · Form 990PF · $415,292 spent · pay $0 · grants $360,000 · events $16,135
LineAs describedTotalShare
Contributions, gifts, grants paid $360,000 86.7%
Fees: legal $39,078 9.4%
Travel, conferences and meetings $16,135 3.9%
Other expenses $79 0.0%
Total$415,292100%

View the filing