The Community Foundation for a Greater Richmond

Legal name: The Pauley Family Foundation

Nonprofit profile at a glance

EIN
541685158
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Richmond, VA, US
Phone
(804) 330-7400
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$29,015,913
Expenses
$7,201,819
Assets
$2,182,086,449
Liabilities
$10,349

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • KATHARINE PAULEY HICKOK (CHAIR)
  • NANCY R BELLEMAN (DIRECTOR)
  • ADAM E HICKOK (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The pauley family foundation supports a broad range of charitable purposes in the richmond region, with a focus on education, health, and human services.

What it reported doing in 2024

Arts and culture - vibrant, accessible arts and cultural and historic organizations are a necessary component of a thriving region. The foundation supports activities that expand the reach of arts, cultural, and historic institutions by making their activities available to the public. The foundation is particularly interested in supporting organizations that provide access to arts, cultural, or historic resources for low-income residents and school children. Funded activities include: activities that support a comprehensive network of arts/cultural/historic organizations; programs that provide free or reduced-price entry to low-income households; programs that provide access to school children attending title i schools; and activities that assist in school teachers bringing arts/cultural/historic resources to their classrooms.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 69
  • Accountability: 100
  • Sustainability: 98
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.5%; rating input score 28
  • Program expense ratio: 91.1%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 75.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 302.99; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 26% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 38.5% per year; rating input score 100; 98th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 28.5% of revenue deployed · 91.1% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $6.6M in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Highest-paid contractors: 1 contractor listed · $562K reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity and grants
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 98 filed money-flow records
  • Related organizations: 104 filed related-organization links
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 28/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.