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J&A Racing Foundation Inc. is a private corporation based in VIRGINIA BEACH, VA. The foundation received its IRS ruling in 2015. It holds total assets of $12K. Annual income is reported at $199K. Total assets have decreased from $79K in 2015 to $11K in 2023. The foundation is governed by 8 officers and trustees. Corporation provides charitable assistance to meet the needs of underprivileged children in the hampton roads area; supports organizations funding research and prevention for diseases such as cancer. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, J&A Racing Foundation Inc. has made 36 grants totaling $105K, with a median grant of $3K. Annual giving has grown from $15K in 2020 to $59K in 2023. Individual grants have ranged from $300 to $15K, with an average award of $3K. The foundation has supported 29 unique organizations. The foundation primarily supports organizations in Virginia, Texas, Georgia, which account for 92% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Corporation provides charitable assistance to meet the needs of underprivileged children in the hampton roads area; supports organizations funding research and prevention for diseases such as cancer.
Expenses: $34K
Corporation provides charitable assistance to meet the needs of underprivileged children in the hampton roads area; supports organizations funding research and prevention for diseases such as cancer. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in VA, TX, GA.
J&A Racing Foundation Inc. has distributed a total of $105K across 36 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $300 to $15K.
J&A Racing Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
J&A Racing Foundation Inc. is headquartered in VIRGINIA BEACH, VA. While based in VA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kate Napolitano | VP OF MARKETING | $0 | $0 | N/A |
| Heather Pearl | DIRECTOR | $0 | $0 | N/A |
| Jerry Frostick | DIRECTOR | $0 | $0 | N/A |
| Lori Cooper | DIRECTOR | $0 | $0 | N/A |
| Amy Frostick | DIRECTOR | $0 | $0 | N/A |
| Kristy Maute | DIRECTOR | $0 | $0 | N/A |
| Ryan Conrad | DIRECTOR | $0 | $0 | N/A |
| Josh Wade | DIRECTOR | $0 | $0 | N/A |
Total Giving
$192K
Total Assets
$11K
Fair Market Value
$11K
Net Worth
$11K
Grants Paid
$59K
Contributions
$203K
Net Investment Income
N/A
Distribution Amount
$312
Total Grants
36
Total Giving
$105K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
29
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bayport Foundationstudent scholarships | Newport News, VA | $3K | 2023 |
| Chartway Promise FoudationTo provide life-changing experiences to children facing medical hardship | Virginia Beach, VA | $15K | 2023 |
| The NoblemenGeneral Support | Virginia Beach, VA | $5K | 2023 |
| Old Dominion Athletic FoundationBig Blue 5K Donation | Norfolk, VA | $5K | 2023 |
| Operation SmileHELPING PROVIDE MEDICAL CARE TO PEOPLE IN NEED | Virginia Beach, VA | $5K | 2023 |
| Livestrong FoundationTo provide support for people affected by cancer. | Austin, TX | $4K | 2023 |
| Katherine Johnson Elementary SchoolCrimson Thunder | Newport News, VA | $3K | 2023 |
| We Off The CouchScholarships for running event registration fees | Richmond, VA | $3K | 2023 |
| Michael Mcintosh2023 Schoonie Scholarship Recipient | Virginia Beach, VA | $3K | 2023 |
| ProlyfyckShamrock Sunrise Scholarship - 2024 | Charlottesville, VA | $3K | 2023 |
| Team RwbTo enrich the lives of veterans | Atlanta, GA | $3K | 2023 |
| The River Ellis FoundationShamrock 2023 | Virginia Beach, VA | $3K | 2023 |
| Spike'S K9 Fundtraining, care and preservation of working dogs | Virginia Beach, VA | $2K | 2023 |
| Wave Warriors Surf CampSUPPORT VOLUNTEER SURF CAMP FOR COMBAT-WOUNDED VETERANS | Virginia Beach, VA | $1K | 2023 |
| Creeds ElementaryTo support Creeds Elementary | Virginia Beach, VA | $1K | 2023 |
| Mutts With A MissionSun Up To Sun Down Trail Race | Virginia Beach, VA | $1K | 2023 |
| Norfolk CollegiateOperation Smile Shamrock Final Mile - 2nd Place | Norfolk, VA | $600 | 2023 |
| Kingston Elementary Schoolto support Kingston elementary school | Virginia Beach, VA | $400 | 2023 |
| Indian Lakes Elementary Schoolto support Indian Lakes Elementary School | Virginia Beach, VA | $300 | 2023 |
| Preston'S March For EnergyPROVIDING BIKES TO CHILDREN WITH SPECIAL NEEDS | Wilmington, DE | $5K | 2022 |
| Chartway Promise FoundationTO PROVIDE LIFE-CHANGING EXPERIENCES TO CHILDREN FACING MEDICAL HARDSHIP | Virginia Beach, VA | $5K | 2022 |
| Riley JoynerSCHOLARSHIP TO HELP SUTDENTS WITH THE COST OF CONTINUING HIGHER EDUCATION | Chesapeake, VA | $3K | 2022 |
| We Promise FoundationSUPPORT VOLUNTEER EFFORTS AT WE PROMISE FOUNDATION | Virginia Beach, VA | $5K | 2020 |
| Virginia Beach SpcaTO SUPPORT ANIMALS AND ELIMINATE THEIR SUFFERING | Virginia Beach, VA | $3K | 2020 |
| Access College FoundationHELPING CHILDREN OF SOUTH HAMPTON ROADS PUBLIC SCHOOLS GO TO COLLEGE | Norfolk, VA | $3K | 2020 |
| Makayla HarveyA SCHOLARSHIP GIVEN TO A SENIOR THAT IS A SON OR DAUGHTER OF A LAW ENFORCEMENT EMPLOYEE. | Virginia Beach, VA | $3K | 2020 |
| Leukemia & Lymphoma Society IncTO FIGHT TO CURE CANCER | Rye Brook, NY | $900 | 2020 |
| Tidewater Friends Of Foster CareTO ENRICH THE LIVES OF FOSTER CHILDREN IN OUR COMMUNITY | Norfolk, VA | $763 | 2020 |
| First Responder Children'S FoundationAWARD SCHOLARSHIPS TO CHILDREN OF FIRST RESPONDERS | New York, NY | $500 | 2020 |