2017-10-26T15:49:20-05:00 2016-12-31 540565834 MITCHELL WIGGINS & COMPANY LLP 1802 BAYBERRY COURT SUITE 300 RICHMOND VA 23226 990 2016-01-01 462943706 THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION JANE 8043307400 7501 BOULDERS VIEW DRIVE NO 110 RICHMOND VA 23225 SHERRIE BRACH ARMSTRONG DIRECTOR 8043307400 2017-10-24 1 MARK W TUCK CPA P00074594 8042826000 96.89.27.153 2017-10-24 10:35:02 ED P 51BB1069E5B6F1A9F7942ACDFBD942599590CB51 51BB1069E5B6F1A9F7942ACDFBD942599590CB51 2016 2021-01-29 14:40:06Z SHERRIE BRACH ARMSTRONG 7501 BOULDERS VIEW DRIVE NO 110 RICHMOND VA 23225 204640 0 X WWW.TCFRICHMOND.ORG X 2013 VA SEE SCHEDULE O THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES. 7 7 0 9 145646 143523 0 0 0 0 3400 3602 39794 201038 43194 204640 61328 40836 0 0 0 0 0 0 0 11294 6475 72622 47311 -29428 157329 8083554 8288888 0 0 8083554 8288888 THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES. 0 0 40836 40836 THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES. 40836 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X SHERRIE BRACH ARMSTRONG 8043307400 7501 BOULDERS VIEW DRIVE SUITE 110 RICHMOND VA 23225 SHERRIE BRACH ARMSTRONG DIRECTOR 0.50 37.50 X 0 284583 6846 ANNE G CROSS DIRECTOR 0.50 X 0 0 0 GRAYSON S JOHNSON DIRECTOR 0.50 X 0 0 0 J FRANKLIN JONES JR DIRECTOR 0.50 X 0 0 0 NORMAN L LONG DIRECTOR 0.50 X 0 0 0 SYLVIA S ACORS CHAIRMAN 1.00 X X 0 0 0 DEE ANN REMO TREASURER 1.00 X X 0 0 0 0 284583 6846 0 0 1 0 0 3602 3602 INCOME FROM INVESTMENT 110000 201038 145646 55392 201038 204640 0 145646 58994 40836 40836 2500 2500 FEDERAL AND STATE INCOM 3900 3900 SCC FEES 75 75 47311 40836 6475 0 40886 19520 8042668 8269368 8083554 8288888 0 0 X 0 0 0 0 8083554 8288888 8083554 8288888 8083554 8288888 X 157329 252645 -204640 X X 0 1 X 0 0 X X 1 THE COMMUNITY FOUNDATION 237009135 8 1 40336 0 1 40336 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6 THE JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION PROVIDED GRANTS TO ORGANIZATIONS IN SUPPORT OF ITS MISSION. 0 INVESTMENT IN FLIPPO LAND & TIMBER CO., LLC 3281744 F INVESTMENT IN T. FRANK FLIPPO & SONS, LLC 4954054 F INVESTMENT IN OLD DOMINION LUMBER DRYING INC. 33570 F 8269368 X PART X, LINE 2: THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FOUNDATION'S COMBINED FINANCIAL STATMENTS. THE INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. IN ACCORDANCE WITH THE INTERPRETATION, THE FOUNDATION DISCLOSES THE EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE FACTS OF THE FOUNDATION'S POSITION AND RECORDS UNRECOGNIZED TAX BENEFITS OR LIABILITIES FOR KNOWN, OR ANTICIPATED TAX ISSUES BASED ON THE FOUNDATION'S ANALYSIS OF WHETHER ADDITIONAL TAXES WOULD BE DUE TO THE AUTHORITY GIVEN THEIR FULL KNOWLEDGE OF THE TAX POSITION. THE FOUNDATION HAS COMPLETED ITS ASSESSMENT AND DETERMINED THAT THERE WERE NO TAX POSITIONS WHICH WOULD REQUIRE RECOGNITION UNDER THE INTERPRETATION. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. 1 THE COMMUNITY FOUNDATION INC 7501 BOULDERS VIEW DRIVE SUITE 110 RICHMOND VA 23225 237009135 501(C)(3) 40336 UNRESTRICTED SUPPORT UNRESTRICTED SUPPORT 1 0 0 0 0 0 0 0 0 0 0 SHERRIE BRACH ARMSTRONG DIRECTOR 0 284583 0 0 0 0 0 0 0 6846 0 291429 0 0 FORM 990, PART VI, SECTION A, LINE 2 CHAIRMAN SYLVIA ACORS, DIRECTORS NORMAN LONG AND FRANKLIN JONES ARE ALL EMPLOYED BY THE SAME EMPLOYER. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 AND APPLICABLE SCHEDULES IS PROVIDED TO EACH MEMBER OF THE FLIPPO ENDOWMENT FOUNDATION BOARD OF DIRECTORS FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. IT IS ALSO REVIEWED BY THE COMMUNITY FOUNDATION'S CFO AND VICE PRESIDENT, DONOR ENGAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE FLIPPO ENDOWMENT FOUNDATION COMPLETE A SIGNED CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE FLIPPO ENDOWMENT FOUNDATION HAS NO EMPLOYEES OR COMPENSATED OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCOME FROM PARTNERSHIPS -204,640. FORM 990, PART XII, LINE 2C: THE CHAIRMAN AND TREASURER OF THE FLIPPO ENDOWMENT FOUNDATION ARE INVITED TO PARTICIPATE IN THE AUDIT COMMITTEE MEETINGS OF THE COMMUNITY FOUNDATION, INC. THE COMMUNITY FOUNDATION INC 7501 BOULDERS VIEW DR SUITE 110 RICHMOND VA 23225 237009135 GRANTMAKING VA 501(C)(3) LINE 8 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE COMMUNITY FOUNDATION INC B 40336 UNRESTRICTED SUPPORT