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Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).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.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Jeff Galanti | EXECUTIVE DIRECTOR | 2022-2024 | $604,415 | $1,578,465 | 1 |
| Mark Smith | DIRECTOR OF INVESTME | 2023-2024 | $432,428 | $675,851 | 1 |
| Stephanie Hicks | DIR OF FINANCE AND A | 2022-2024 | $230,957 | $550,893 | 1 |
Unpaid officers and directors · 4 people
| Name | Latest title | Years | Organizations |
|---|---|---|---|
| William H Goodwin Jr | CHAIRMAN | 2021-2024 | 14 |
| Matthew T Goodwin | VICE CHAIRMAN | 2020-2024 | 5 |
| Richard J Higgerson | BOARD MEMBER | 2021-2024 | 2 |
| James A Jones (former) | TREASURER | 2020-2022 | 7 |
People by year
2024 · 6 people listed · 3 paid, $1.3M
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| JEFF GALANTI | EXECUTIVE DIRECTOR | 40 | $541,461 | - | $62,954 | $604,415 | 1 |
| MARK SMITH | DIRECTOR OF INVESTME | 40 | $390,687 | - | $41,741 | $432,428 | 1 |
| STEPHANIE HICKS | DIR OF FINANCE AND A | 40 | $192,806 | - | $38,151 | $230,957 | 1 |
| WILLIAM H GOODWIN JR | CHAIRMAN | 1 | $0 | - | $0 | $0 | 14 |
| MATTHEW T GOODWIN | VICE CHAIRMAN | 1 | $0 | - | $0 | $0 | 5 |
| RICHARD J HIGGERSON | BOARD MEMBER | 1 | $0 | - | $0 | $0 | 2 |
2023 · 6 people listed · 3 paid, $988K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| JEFF GALANTI | EXECUTIVE DIRECTOR | 40 | $471,250 | - | $59,500 | $530,750 | 1 |
| MARK SMITH | DIRECTOR OF INVESTME | 40 | $222,872 | - | $20,551 | $243,423 | 1 |
| STEPHANIE HICKS | DIR OF FINANCE AND A | 40 | $183,751 | - | $29,734 | $213,485 | 1 |
| WILLIAM H GOODWIN JR | CHAIRMAN | 1 | $0 | - | $0 | $0 | 14 |
| MATTHEW T GOODWIN | VICE CHAIRMAN | 1 | $0 | - | $0 | $0 | 5 |
| RICHARD J HIGGERSON | BOARD MEMBER | 1 | $0 | - | $0 | $0 | 2 |
2022 · 6 people listed · 2 paid, $550K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| JEFF GALANTI | EXECUTIVE DIRECTOR | 40 | $425,000 | - | $18,300 | $443,300 | 1 |
| STEPHANIE HICKS | DIR OF FINANCE AND A | 40 | $100,072 | - | $6,379 | $106,451 | 1 |
| WILLIAM H GOODWIN JR | CHAIRMAN | 1 | $0 | - | $0 | $0 | 14 |
| MATTHEW T GOODWIN | VICE CHAIRMAN | 1 | $0 | - | $0 | $0 | 5 |
| JAMES A JONES | TREASURER | 1 | $0 | - | $0 | $0 | 7 |
| RICHARD J HIGGERSON | BOARD MEMBER | 1 | $0 | - | $0 | $0 | 2 |
2021 · 4 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| WILLIAM H GOODWIN JR | CHAIRMAN | 1 | $0 | - | $0 | $0 | 14 |
| MATTHEW T GOODWIN | VICE CHAIRMAN | 1 | $0 | - | $0 | $0 | 5 |
| JAMES A JONES | TREASURER | 1 | $0 | - | $0 | $0 | 7 |
| RICHARD J HIGGERSON | BOARD MEMBER | 1 | $0 | - | $0 | $0 | 2 |
2020 · 2 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MATTHEW T GOODWIN | DIRECTOR | 1 | $0 | - | $0 | $0 | 5 |
| JAMES A JONES | TREASURER | 2 | $0 | - | $0 | $0 | 7 |
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
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 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
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 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
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | WILLIAM H GOODWIN III REVOCABLE TRUST | Organization or other | RICHMOND, VA | $385,600 | - | Form 990PF Sch. B, 2021 · filing |
2020 · 1 contributor · $324K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 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.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990PF | ||||||||
| $79,331,095 | $38,417,959 | $1,521,801,051 | $1,289,613,005 | $950,000 | - | $0 | - | - |
| 2023 · Form 990PF | ||||||||
| $38,249,357 | $154,220,255 | $1,367,916,776 | $1,116,483,529 | - | - | $0 | - | - |
| 2022 · Form 990PF | ||||||||
| $2,056,012,527 | $80,269,630 | $1,405,364,412 | $1,272,020,960 | $2,047,286,838 | - | $0 | - | - |
| 2021 · Form 990PF | ||||||||
| $385,601 | $143,735 | $255,620 | $255,620 | $385,600 | - | $0 | - | - |
| 2020 · Form 990PF | ||||||||
| $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
| Line | As described | Total | Share |
|---|---|---|---|
| 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 | $38,417,959 | 100% |
2023 · Form 990PF · $154,220,255 spent · pay $995,953 · grants $146,858,277 · events $8,176
| Line | As described | Total | Share |
|---|---|---|---|
| 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 | $154,220,255 | 100% |
2022 · Form 990PF · $80,269,630 spent · pay $579,410 · grants $76,601,365 · events $6,679
| Line | As described | Total | Share |
|---|---|---|---|
| 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 | $80,269,630 | 100% |
2021 · Form 990PF · $143,735 spent · pay $0 · grants $60,000 · events $373
| Line | As described | Total | Share |
|---|---|---|---|
| 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 | $143,735 | 100% |
2020 · Form 990PF · $415,292 spent · pay $0 · grants $360,000 · events $16,135
| Line | As described | Total | Share |
|---|---|---|---|
| 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 | $415,292 | 100% |