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LOCUS FOUNDATION

EIN 81-4808731 RICHMOND, VA

Browse the largest nonprofits in Virginia

Revenue 2023
$0
Expenses 2023
$0

As filed

Subsection
03
Street
7814 CAROUSEL LANE 100

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

Mission

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. THE FOUNDATION WILL RAISE AND ADMINISTER FUNDS FOR THE PURPOSES OF PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH COMMUNITY DEVELOPMENT GRANTS AND MISSION ALIGNED INVESTMENTS AND TO SERVE AS A SPONSORING ORGANIZATION OF DONOR ADVISED FUNDS FOR SUCH PURPOSES.

Activities or mission (Part I)

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES. THE FOUNDATION WILL RAISE AND ADMINISTER FUNDS FOR THE PURPOSES OF PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH COMMUNITY GRANTS AND MISSION ALIGNED INVESTMENTS AND TO SERVE AS A SPONSORING ORGANIZATION OF DONOR ADVISED FUNDS FOR SUCH PURPOSES.

  • NONE

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Dixon Hanna

    CHAIR

    Total calculated
    $13,700
    From this org
    $0
    From related orgs
    $13,700
    Other
    $0
    Hours/week
    1 + 2 related
  • James W Harkness Jr

    DIRECTOR

    Total calculated
    $14,850
    From this org
    $0
    From related orgs
    $14,850
    Other
    $0
    Hours/week
    1 + 2 related
  • Sherry Magill

    DIRECTOR

    Total calculated
    $10,550
    From this org
    $0
    From related orgs
    $10,550
    Other
    $0
    Hours/week
    1 + 2 related
  • Charlie H Mills III

    DIRECTOR

    Total calculated
    $13,700
    From this org
    $0
    From related orgs
    $13,700
    Other
    $0
    Hours/week
    1 + 2 related
  • Cathy Dolan

    DIRECTOR

    Total calculated
    $17,450
    From this org
    $0
    From related orgs
    $17,450
    Other
    $0
    Hours/week
    1 + 2 related
  • Mary Dwyer Pembroke

    DIRECTOR

    Total calculated
    $12,300
    From this org
    $0
    From related orgs
    $12,300
    Other
    $0
    Hours/week
    1 + 2 related
  • Clyde Cornett

    TREASURER

    Total calculated
    $267,447
    From this org
    $0
    From related orgs
    $252,327
    Other
    $15,120
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,327 related
    Bonus
    $0 + $45,000 related
    Other
    $0
    Deferred
    $0 + $8,033 related
    Nontaxable benefits
    $0 + $7,087 related
    Filer's total
    $0 + $267,447 related
  • Amir Kirkwood

    PRESIDENT & CEO

    Total calculated
    $400,420
    From this org
    $0
    From related orgs
    $379,132
    Other
    $21,288
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $311,632 related
    Bonus
    $0 + $67,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,288 related
    Filer's total
    $0 + $400,420 related
  • Stacey Antonelli

    SECRETARY

    Total calculated
    $94,405
    From this org
    $0
    From related orgs
    $85,320
    Other
    $9,085
    Hours/week
    1 + 40 related
  • Ashley Coleman

    ASSISTANT SECRETARY

    Total calculated
    $158,371
    From this org
    $0
    From related orgs
    $133,677
    Other
    $24,694
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,877 related
    Bonus
    $0 + $9,800 related
    Other
    $0
    Deferred
    $0 + $5,636 related
    Nontaxable benefits
    $0 + $19,058 related
    Filer's total
    $0 + $158,371 related

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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $0
    Expenses
    $0
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $0
    Expenses
    $3,160
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $0
    Expenses
    $1,691
    Assets (EOY)
    $0
  • 2020 · 990

    Revenue
    $0
    Expenses
    $3,494
    Assets (EOY)
    $2,868
  • 2019 · 990

    Revenue
    $0
    Expenses
    $2,092
    Assets (EOY)
    $4,941

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2016

Tax period
1 January 2016 to 31 December 2016
Principal officer
Clyde Cornett
Mailing address
100 WEST FRANKLIN STREET SUITE 200RICHMOND VA 23220

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2023 return

  • RIVER CITY REAL ESTATE 1001 LLC

    FORECLOSED REAL ESTATE HOLDINGS · VA

  • MOUNTAIN REAL ESTATE 2001 LLC

    FORECLOSED REAL ESTATE HOLDINGS · VA

  • COMMUNITY INVESTMENT GUARANTEE POOL LLC

    SUPPORT FOR COMMUNITY INVESTMENTS · VA

Related corporations and trusts on its 2023 return

  • LOCUS BANK INC

    C · COMMUNITY DEVELOPMENT BANK · VA

  • LOCUS CAPITAL INC

    C · INVESTMENT ADVICE · VA

  • CCB REAL ESTATE HOLDINGS INC

    C · REAL ESTATE HOLDINGS · VA

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.