Form 990 for tax year 2022
Filed by GREATER RICHMOND PARTNERSHIP INC.
Totals
- Total revenue
- $2,980,203
- Total expenses
- $2,704,295
- Contributions and grants received
- $2,936,427
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $42,384
- Other revenue
- $1,392
- Total assets, end of year
- $5,567,234
- Total liabilities, end of year
- $1,475,736
- Net assets or fund balances, end of year
- $4,091,498
- Program services expenses (Part IX)
- $2,001,414
- Management and general expenses
- $549,048
- Fundraising expenses
- $153,833
- Program service expenses (Part III)
- $2,001,414
Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,611,274
-
1f · All other contributions, gifts and grants
$1,325,153
-
3 · Investment income
total $41,846 · excluded $41,846
-
7a · Gross sales of assets other than inventory
securities $418,770 · other assets $2,134
-
7b · Less cost or other basis and sales expenses
securities $418,721 · other assets $1,645
-
7c · Gain or loss
securities $49 · other assets $489
-
7d · Net gain or loss
total $538 · excluded $538
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,392 · excluded $1,392
-
11e · Other revenue, total
$1,392
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $453,769 · program services $351,831 · management and general $101,938
-
7 · Other salaries and wages
total $729,992 · program services $540,911 · management and general $118,584 · fundraising $70,497
-
8 · Pension plan contributions
total $67,487 · program services $49,734 · management and general $10,578 · fundraising $7,175
-
9 · Other employee benefits
total $192,050 · program services $146,537 · management and general $31,019 · fundraising $14,494
-
10 · Payroll taxes
total $75,637 · program services $57,070 · management and general $13,737 · fundraising $4,830
-
11c · Fees: accounting
total $29,363 · management and general $29,363
-
11f · Fees: investment management
total $11,641 · management and general $11,641
-
11g · Fees: other
total $12,169 · management and general $12,169
-
13 · Office expenses
total $95,191 · program services $38,077 · management and general $53,306 · fundraising $3,808
-
16 · Occupancy
total $101,488 · management and general $101,488
-
19 · Conferences, conventions and meetings
total $15,737 · program services $7,869 · management and general $3,934 · fundraising $3,934
-
22 · Depreciation, depletion and amortization
total $57,272 · program services $28,636 · management and general $14,318 · fundraising $14,318
-
23 · Insurance
total $17,593 · program services $7,037 · management and general $9,852 · fundraising $704
-
24a · Other expenses: MARKETING SUPPORT
total $286,909 · program services $286,909
-
24b · Other expenses: DOMESTIC BUSINESS DEVEL
total $199,631 · program services $199,631
-
24c · Other expenses: RESEARCH SUPPORT ACTIVI
total $154,384 · program services $154,384
-
24d · Other expenses: INTERNATIONAL BUSINESS
total $68,412 · program services $68,412
-
24e · All other expenses
total $135,570 · program services $64,376 · management and general $37,121 · fundraising $34,073
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,494 · end of year $1,335,184
-
2 · Savings and temporary cash investments
beginning of year $1,169,925 · end of year $85,289
-
3 · Pledges and grants receivable
beginning of year $1,486,448 · end of year $1,477,538
-
4 · Accounts receivable
beginning of year $2,120 · end of year $879
-
9 · Prepaid expenses and deferred charges
beginning of year $44,992 · end of year $89,983
-
10a · Land, buildings and equipment: cost or other basis
$675,779
-
10b · Land, buildings and equipment: accumulated depreciation
$117,718
-
10c · Land, buildings and equipment, net
beginning of year $437,181 · end of year $558,061
-
11 · Investments: publicly traded securities
beginning of year $1,108,714 · end of year $1,253,936
-
15 · Other assets
beginning of year $73,574 · end of year $766,364
-
17 · Accounts payable and accrued expenses
beginning of year $648,421 · end of year $320,126
-
25 · Other liabilities
beginning of year $0 · end of year $1,155,610
-
27 · Net assets without donor restrictions
beginning of year $3,674,107 · end of year $4,040,347
-
28 · Net assets with donor restrictions
beginning of year $23,920 · end of year $51,151
Mission and programs · 2022
Mission
GRP'S MISSION IS TO AGGRESSIVELY GENERATE ECONOMIC OPPORTUNITIES THAT CREATE QUALITY JOBS FOR RESIDENTS IN THE REGION AND INCREASE THE TAX BASE FOR NEEDED COMMUNITY SERVICES.
Activities or mission (Part I)
GRP'S PURPOSE IS TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE RICHMOND METROPOLITAN AREA IN COOPERATION WITH MEMBER LOCAL GOVERNMENTS. MORE SPECIFICALLY, GRP'S PURPOSE IS TO (I) ATTRACT NEW BUSINESSES AND INDUSTRIES WITHIN THE JURISDICTION OF THE MEMBER LOCAL GOVERNMENTS, (II) RETAIN EXISTING BUSINESSES AND INDUSTRIES WITHIN THE JURISDICTIONS OF THE MEMBER LOCAL GOVERNMENTS AND (III) FACILITATE THE LOCATION OF NEW BUSINESSES AND INDUSTRIES, AND THE EXPANSION AND REDEVELOPMENT OF EXISTING BUSINESSES AND INDUSTRIES, WITHIN THE JURISDICTIONS OF THE MEMBER LOCAL GOVERNMENTS.
-
THE GREATER RICHMOND PARTNERSHIP IMPACTS THE REGION THROUGH WEALTH CREATION, DIRECT, INDIRECT, AND INDUCED JOBS, AND DIRECT, INDIRECT, AND INDUCED WAGES.
Expenses $2,001,414
As filed on the 2022 return.
Listed in Part VII
-
Cynthia NewbilleCYNTHIA NEWBILLE
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Patricia O'BannonPATRICIA O'BANNON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Charlene WhitfieldCHARLENE WHITFIELD
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 5
-
Bobby UkropBOBBY UKROP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela Kelly-WiecekANGELA KELLY-WIECEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Buck StinsonBUCK STINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BudeskyJOHN BUDESKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris WinslowCHRIS WINSLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lincoln SaundersLINCOLN SAUNDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John VithoulkasJOHN VITHOULKAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christine ChmuraCHRISTINE CHMURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elena EdwardsELENA EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AsburyJOHN ASBURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karol Kain GrayKAROL KAIN GRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe CaseyJOE CASEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Salvatore MancusoSALVATORE MANCUSO
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer WakefieldJENNIFER WAKEFIELD
PRESIDENT/CEO/CFO
- Total calculated
- $348,103
- From this org
- $289,694
- From related orgs
- $0
- Other
- $58,409
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,080
- Bonus
- $46,006
- Other
- $608
- Deferred
- $34,763
- Nontaxable benefits
- $23,646
- Filer's total
- $348,103
-
Anita SaundersANITA SAUNDERS
CORP. SECRETARY/VP OF OPERATIONS
- Total calculated
- $114,841
- From this org
- $92,146
- From related orgs
- $0
- Other
- $22,695
- Hours/week
- 40
-
Charles PetersonCHARLES PETERSON
VP OF RESEARCH
- Total calculated
- $152,810
- From this org
- $122,283
- From related orgs
- $0
- Other
- $30,527
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $115,598
- Bonus
- $6,432
- Other
- $253
- Deferred
- $14,674
- Nontaxable benefits
- $15,853
- Filer's total
- $152,810
-
Mitchel Allen-RiveraMITCHEL ALLEN-RIVERA
EVP OF BUSINESS DEVELOPMENT
- Total calculated
- $168,256
- From this org
- $150,008
- From related orgs
- $0
- Other
- $18,248
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,886
- Bonus
- $14,820
- Other
- $302
- Deferred
- $10,165
- Nontaxable benefits
- $8,083
- Filer's total
- $168,256
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441029349301819
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