NonprofitsR E B Foundation

Philanthropy, Voluntarism & Grantmaking Foundations

R E B Foundation

RICHMOND, VA

Total revenue

$2.2M

Total expenses

$3.2M

Net assets

$69.1M

Grants received

EIN

521206536

Tax year

2024

Mission

Supports awards for teaching excellence and distinguished educational leadership as well as annual grants to educational, cultural, and social service programs.

Programs

3 programs

Grants made to the community foundation, inc. To fund the r.e.b. Awards for distinguished educational leadership, which recognizes principals who go beyond the day-to-day demands of their position to create an exceptional educational environment. Four principals were publicly recognized, one each from local school districts in chesterfield, hanover, henrico, and city of richmond in 2024. Each principal received a $10,000 cash grant for personal use and an additional $20,000 for their proposed school project. Four runner-up principals were also recognized and received $10,000 awards to support their proposed school projects.

Expenses: $160KGrants: $160K

Grants made to the community foundation, inc. To fund the r.e.b. Awards for teaching excellence, which recognizes public school teachers who distinguish themselves by their inspiring classroom performance. The program is based on the belief that a positive educational experience at the elementary, middle, and high school levels helps children form positive lifelong habits toward learning and discipline. Through a nomination process, 32 outstanding teachers were selected in 2024 to receive cash grants to support professional development activities.

Expenses: $242KGrants: $242K

R.e.b educational impact grant awards - in 2024, the foundation awarded grants (through the community foundation, inc.) to virginia commonwealth university foundation to support a comprehensive mental health pilot program in two richmond area schools that will leverage an existing multi-tiered system of support framework in order to improve mental health outcomes for students. The pilot program will be coordinated by the metropolitan educational research consortium (merc)--a partnership between vcu's school of education and chesterfield, goochland, hanover, henrico, and richmond public schools.

Expenses: $376KGrants: $376K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$2.2M
Other revenue$2K
Total revenue$2.2M

Expenses

Grants paid$2.9M
Salaries & benefits
Fundraising
Other expenses$340K
Total expenses$3.2M
Total assets$69.1M
Net assets$69.1M

People

5 listed

NameRoleCompensation

SUSANNE B CRUMP

CHAIR

Board

1 hrs/wk

CAROL B SHOWKER

VICE CHAIR

Board

1 hrs/wk

WILLIAM LS ROWE

SECRETARY

Board

1 hrs/wk

E BRYSON POWELL

TREASURER

Board

1 hrs/wk

ROBERT L BURRUS JR

DIRECTOR

Board

1 hrs/wk

Independent contractors

SPIDER MANAGEMENT COMPANY

INVESTMENT MANAGEMENT SERVICES

$297K

Details

EIN521206536
NTEE codeT11
Subsection03
Ruling date2018-03
Formed1980
Employees0
Volunteers18
R E B FOUNDATION — Mission, Financials & Grants Received | Grantivo