Nonprofit · EIN 02-0729969
LAFAYETTE RIVER FOUNDATION
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,011,661 | $2,092,918 | -$1,081,257 | $13,446,522 | $0 | $13,446,522 |
| December 31, 2024 | 990-PF | $1,651,358 | $1,540,343 | $111,015 | $14,527,779 | $0 | $14,527,779 |
| December 31, 2023 | 990-PF | $857,783 | $1,085,439 | -$227,656 | $14,416,764 | $0 | $14,416,764 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $445,127
- Interest
- $30,263
- Net gain from sales of assets
- $443,159
- Other income
- $93,112
Expenses
- Grants and similar amounts paid
- $1,931,705
- Compensation of officers, directors and key employees
- $30,000
- Disbursements for charitable purposes
- $1,941,805
- Excise tax on investment income
- $11,673
Balance sheet and other
- Total assets, start of year
- $14,527,779
- Total assets, end of year
- $13,446,522
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,446,522
- Fair market value of assets
- $19,190,777
- Qualifying distributions
- $1,941,805
- Net investment income
- $915,208
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E G GRANDY 1 COLLEY AVENUE 1409, NORFOLK, VA 23510 | TRUSTEE | 0 | $30,000 |
| L W WEBBIII 150 WEST MAIN STREET STE 2100, NORFOLK, VA 23510 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E G GRANDY 1 COLLEY AVENUE 1409, NORFOLK, VA 23510 | TRUSTEE | 0 | $30,000 |
| L W WEBBIII 150 WEST MAIN STREET STE 2100, NORFOLK, VA 23510 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E G GRANDY 1 COLLEY AVENUE 1409, NORFOLK, VA 23510 | TRUSTEE | 0 | $30,000 |
| L W WEBBIII 150 WEST MAIN STREET STE 2100, NORFOLK, VA 23510 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 207 GRANBY ST STE 302A, NORFOLK, VA 23510-1825
- In care of
- % L WEBB & E GRANDY
- Signed the 990-PF
- E G GRANDY, TRUSTEE
- Phone
- (757) 621-0861
- Return prepared by
- SAUNDERS MATTHEWS & PFITZNER PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 02-0729969
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $13,446,522
- Income (IRS master file)
- $2,358,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,011,661 | $2,092,918 | $13,446,522 | IRS |
| 990-T | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | $1,651,358 | $1,540,343 | $14,527,779 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $857,783 | $1,085,439 | $14,416,764 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0729969).
Questions about LAFAYETTE RIVER FOUNDATION
- What is the EIN of LAFAYETTE RIVER FOUNDATION?
- The employer identification number (EIN) of LAFAYETTE RIVER FOUNDATION is 02-0729969.
- Is LAFAYETTE RIVER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to LAFAYETTE RIVER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LAFAYETTE RIVER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LAFAYETTE RIVER FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAFAYETTE RIVER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of LAFAYETTE RIVER FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $30,000 (E G GRANDY, TRUSTEE).
- How much revenue does LAFAYETTE RIVER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,011,661, expenses of $2,092,918 and total assets of $13,446,522 at year end.
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