Enrichmond Foundation
Nonprofit profile at a glance
- EIN
- 541610700
- IRS 990 coverage
- 2012–2020
- Forms available
- Form 990 2020
- Location
- Richmond, VA, USA
- Phone
- 8042343905
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,305,722
- Expenses
- $2,396,466
- Assets
- $1,461,488
- Liabilities
- $241,929
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- DAVID YOUNG (PRESIDENT)
Highest reported compensation
- JOHN SYDNOR (EXECUTIVE DI): $97,665 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support parks, recreation and cultural arts through citizen involvement, education, and fundraising.
What it reported doing in 2020
Partner funds: since 1990 enrichmond has served the citizens of richmond as an umbrella, not-for-profit, charitable organization for over one hundred volunteer efforts and special initiatives or 'friends" groups. These groups include community and civic associations, outdoor enthusiasts, community gardens, and other civic-based efforts whose primary mission is to maintain, restore, preserve, and improve richmond's public resources. Partnering with community-based partners we have raised millions of dollars in funding and an equal value in volunteer service work. Our work continues to support more organizations striving to improve their communities via our fiscal management services and deliver cultural and environmental equity to richmond's citizens under the one richmond endeavor. Our goals for the coming years are to continue expanding our services to enable and enhance communities that are income-challenged to enhance and improve public space/park amenities and in turn improve their quality of life.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.9%; rating input score 65
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: $166.26 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 27.5%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 24.8% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 21.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 12.4% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 64.9% of revenue deployed · 89.2% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $98K · 12 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 8 filing years from 2012 to 2020
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.
- Review — Sustainability: Officer compensation ratio scored 59/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.