Public Charity

GROW CAPITAL JOBS FOUNDATION

GROW CAPITAL JOBS FOUNDATION is a Public Charity headquartered in RICHMOND, VA. Financial data from the 2025 filing: $315K revenue, $344K expenses, $593K total assets. 2 publicly reported grants to this organization, totaling roughly $50K, appear in IRS filings.

EIN: 815149225 RICHMOND, VA Management & Technical Assistance NTEE: J02 Latest filing: 2025
Total Revenue$315K
Total Expenses$344K
Total Assets$593K
Grant Records2
Funding Total$50K
Filing Years2020–2025

Mission

THE FOUNDATION IS A NONPROFIT ORGANIZATION ESTABLISHED TO PROVIDE RESEARCH, DATA, FINANCIAL MANAGEMENT AND OPERATIONAL SUPPORT TO PROMOTE COLLABORATIVE PLANNING, ECONOMIC DEVELOPMENT AND WORKFORCE ACTIVITIES IN CONNECTION WITH THE JOB CREATION INITIATIVES AUTHORIZED AND SPONSORED BY THE COMMONWEALTH OF VIRGINIA AND THE CITIES AND COUNTIES WITHIN THE FOUNDATIONS DESIGNATED REGION, THEREBY LESSENING THE BURDENS OF GOVERNMENT.

Where $100 goes at Grow Capital Jobs Foundation

How Grow Capital Jobs Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$93
Promotes collaborative planning, economic development and workforce activities in connection with the job creation initiatives authorized and sponsored by the commonwealth of virginia
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Betty-Anne Teter
DIRECTOR Denny Morris
DIRECTOR Grace King
DIRECTOR Jeffrey Gallagher
DIRECTOR Jennifer Wakefield
DIRECTOR John Luke

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$50,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $315K $344K $593K
2024 $3.5M $3.6M $423K
2023 $2.8M $2.8M $514K
2022 $2.6M $2.6M $525K
2020 $3.2M $3.1M $143K

Between 2020 and 2025, reported annual revenue declined from $3.2M to $315K (-90%), with total assets most recently reported at $593K.

Interactive year-over-year charts and full filing details available with membership.

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