Paul C Richards & Gladys Richards Charitable Foundation
- Assets
- $1.3m
- Revenue
- $39.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wayland, MA
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 04-6774586
Organization Overview
Paul C Richards & Gladys Richards Charitable Foundation is located in Wayland, MA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paul C Richards & Gladys Richards Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Paul C Richards & Gladys Richards Charitable Foundation generated $39.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $120.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Paul C Richards & Gladys Richards Charitable Foundation has awarded 48 individual grants totaling $614,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Arman Trustee | 5 | $1,200 | |
Tammy Rice Trustee | 5 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,829 |
| Capital Gain Net Income | $10,829 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,704 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,702 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,468 |
| Contributions, gifts, grants paid | $89,500 |
| Total expenses and disbursements | $119,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,486 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,254,574 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Paul C Richards & Gladys Richards Charitable Foundation has awarded $89,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ROSEMARY FARM SANCTUARY PURPOSE: EDUCATIONAL | $15,000 |
MSPCA AT NEVINS FARM PURPOSE: EDUCATIONAL | $10,000 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: PUBLIC HEALTH | $10,000 |
ST JUDES RESEARCH HOSPITAL PURPOSE: MEDICAL RESEARCH | $10,000 |
THE BOSTON HOUSE PURPOSE: EDUCATIONAL | $10,000 |
UMASS MEMORIAL FOUNDATION PURPOSE: EDUCATIONAL | $24,500 |