Nonprofit · EIN 54-6039609
RECO FOUNDATION
Tax-exempt · RICHMOND, VA 23233
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $390,990 | $4,022,720 | -$3,631,730 | $3,970,069 | $0 | $3,970,069 |
| September 30, 2024 | 990-PF | $553,205 | $4,039,246 | -$3,486,041 | $7,601,799 | $0 | $7,601,799 |
| September 30, 2023 | 990-PF | $2,917,188 | $636,828 | $2,280,360 | $11,087,840 | $0 | $11,087,840 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Dividends
- $390,990
Expenses
- Grants and similar amounts paid
- $4,000,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $4,000,000
- Excise tax on investment income
- $5,435
Balance sheet and other
- Total assets, start of year
- $7,601,799
- Total assets, end of year
- $3,970,069
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,970,069
- Fair market value of assets
- $3,970,069
- Qualifying distributions
- $4,000,000
- Net investment income
- $390,990
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT C COURAIN JR 7000 AVERY POINT WAY APT 117, RICHMOND, VA 23233 | PRESIDENT / TREASURER | 0 | $0 |
| RUTH D COURAIN 7000 AVERY POINT WAY APT 117, RICHMOND, VA 23233 | VICE PRESIDENT | 0 | $0 |
| WILLIAM M RICHARDSON 1618 MONTCROFT WAY, MIDLOTHIAN, VA 23112 | VICE PRESIDENT / SECRETARY | 0 | $0 |
| ROBERT C COURAIN III 9 DEER RUN, MANAKINSABOT, VA 23103 | DIRECTOR | 0 | $0 |
| DR FRANKLIN LUKE 7957 SUNSET PINES DR, SARASOTA, FL 34240 | DIRECTOR | 0 | $0 |
| ALLEN C GOOLSBY III 951 E BYRD STREET, RICHMOND, VA 23219 | DIRECTOR | 0 | $0 |
| LAUREN C LUKE 7957 SUNSET PINES DR, SARASOTA, FL 34240 | DIRECTOR | 0 | $0 |
990-PF for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT C COURAIN JR 7000 AVERY POINT WAY APT 117, RICHMOND, VA 23233 | PRESIDENT / TREASURER | 0 | $0 |
| RUTH D COURAIN 7000 AVERY POINT WAY APT 117, RICHMOND, VA 23233 | VICE PRESIDENT | 0 | $0 |
| WILLIAM M RICHARDSON 1618 MONTCROFT WAY, MIDLOTHIAN, VA 23112 | VICE PRESIDENT / SECRETARY | 0 | $0 |
| ROBERT C COURAIN III 13 MALVERN AVENUE APT 6, RICHMOND, VA 23221 | DIRECTOR | 0 | $0 |
| DR FRANKLIN LUKE 7957 SUNSET PINES DR, SARASOTA, FL 34240 | DIRECTOR | 0 | $0 |
| ALLEN C GOOLSBY III 951 E BYRD STREET, RICHMOND, VA 23219 | DIRECTOR | 0 | $0 |
| LAUREN C LUKE 7957 SUNSET PINES DR, SARASOTA, FL 34240 | DIRECTOR | 0 | $0 |
990-PF for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT C COURAIN JR 7000 AVERY POINT WAY APT 117, RICHMOND, VA 23233 | PRESIDENT / TREASURER | 0 | $0 |
| RUTH D COURAIN 7000 AVERY POINT WAY APT 117, RICHMOND, VA 23233 | VICE PRESIDENT | 0 | $0 |
| WILLIAM M RICHARDSON 1618 MONTCROFT WAY, MIDLOTHIAN, VA 23112 | VICE PRESIDENT / SECRETARY | 0 | $0 |
| ROBERT C COURAIN III 13 MALVERN AVENUE APT 6, RICHMOND, VA 23221 | DIRECTOR | 0 | $0 |
| DR FRANKLIN LUKE 7957 SUNSET PINES DR, SARASOTA, FL 34240 | DIRECTOR | 0 | $0 |
| ALLEN C GOOLSBY III 951 E BYRD STREET, RICHMOND, VA 23219 | DIRECTOR | 0 | $0 |
| LAUREN C LUKE 7957 SUNSET PINES DR, SARASOTA, FL 34240 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 7000 AVERY POINT WAY, RICHMOND, VA 23233-7934
- Signed the 990-PF
- WILLIAM M RICHARDSON, VP/SECRETARY
- Phone
- (804) 347-9765
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 54-6039609
- 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
- 1958
- Accounting year ends
- September
- Files
- Form 990-PF
- Assets (IRS master file)
- $3,970,069
- Income (IRS master file)
- $4,242,763
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $390,990 | $4,022,720 | $3,970,069 | XML |
| 990-PF | September 2024 | $553,205 | $4,039,246 | $7,601,799 | XML |
| 990-PF | September 2023 | $2,917,188 | $636,828 | $11,087,840 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | 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 54-6039609).
Questions about RECO FOUNDATION
- What is the EIN of RECO FOUNDATION?
- The employer identification number (EIN) of RECO FOUNDATION is 54-6039609.
- Is RECO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to RECO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RECO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RECO FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RECO FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of RECO FOUNDATION?
- The 990-PF for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does RECO FOUNDATION have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $390,990, expenses of $4,022,720 and total assets of $3,970,069 at year end.
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