Rita Allen Foundation
- Assets
- $175.6m
- Revenue
- $7.6m
- Investments
- $168.4m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1956
- Data as of
- 12/2022
- EIN
- 13-6116429
Organization Overview
Rita Allen Foundation is located in Princeton, NJ. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rita Allen 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, Rita Allen Foundation generated $7.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $11.2m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rita Allen Foundation has awarded 611 individual grants totaling $28,322,653. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY SCIENCE KNOWLEDGE AND FIELD BUILDLING:DISCOVERY SCIENCE KNOWLEDGE AND FIELD BUILDING (EXAMPLES: SCHOLARS VIRTUAL AND IN-PERSON SYMPOSIA, PUBLICATIONS FOR THE FIELD, SCIENCE PHILANTHROPY ALLIANCE, HEALTH RESEARCH ALLIANCE) PAIN RESEARCH KNOWLEDGE AND FIELD BUILDING (EXAMPLES: PAIN SCHOLARS MEETINGS, PAIN RESEARCH FUNDING CALLS, PUBLICATIONS FOR THE FIELD)
CIVIC SCIENCE AND PHILANTHROPY KNOWLEDGE AND FIELD BUILDING:CIVIC SCIENCE KNOWLEDGE AND FIELD BUILDING (EXAMPLES: CIVIC SCIENCE FELLOWS VIRTUAL AND IN-PERSON LABS AND CONVENINGS, PRACTICE AND SCIENCE OF CIVIC SCIENCE ADVISORY COMMITTEE, CIVIC SCIENCE FELLOWS PROGRAM ADMINISTRATION AND PARTNERSHIPS DEVELOPMENT, CIVIC SCIENCE HUB AND RESOURCES, RESEARCH AND PUBLICATIONS FOR THE FIE LD, CIVIC SCIENCE NEWSLETTER, SCIENCE IN SOCIETY FUNDER COLLABORATIVE, OPEN RESEARCH FUNDERS GROUP, TRANSFORMING EVIDENCE NETWORK) OTHER PHILANTHROPY KNOWLEDGE AND FIELD BUILDING (EXAMPLES: FUND FOR SHARED INSIGHT, MEDIA IMPACT FUNDERS, PHILANTHROPY FOR ACTIVE CIVICENGAGEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Gadsden Chairperson Of The Board | 2 | $7,000 | |
Elizabeth G Christopherson President & CEO | 40 | $515,516 | |
Kari A Williams Finance, Treasurer | 27 | $169,100 | |
Katherine Belyi Secretary/prgms & Knwl | 40 | $180,765 | |
Andrew K Golden Director | 1 | $0 | |
Landon Y Jones Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Colony Group Llc | 12/30/22 | $560,587 |
Brown Advisory Management Llc | 12/30/22 | $263,311 |
Organizational Research Services Inc | 12/30/22 | $68,000 |
Timothy Isgitt | 12/30/22 | $51,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $458,875 |
| Dividends & Interest | $1,651,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,885,321 |
| Capital Gain Net Income | $5,137,555 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $617,817 |
| Total Revenue | $7,613,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $880,381 |
| Other employee salaries and wages | $505,295 |
| Pension plans, employee benefits | $359,266 |
| Interest | $0 |
| Taxes | $179,176 |
| Depreciation | $0 |
| Occupancy | $114,907 |
| Travel, conferences, and meetings | $40,106 |
| Printing and publications | $303 |
| Other expenses | $585,164 |
| Total operating and administrative expenses | $3,917,453 |
| Contributions, gifts, grants paid | $7,330,612 |
| Total expenses and disbursements | $11,248,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,020 |
| Savings and temporary cash investments | $7,184,314 |
| 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 | $99,989,383 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,053 |
| Total assets | $175,627,317 |
| 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, Rita Allen Foundation has awarded $7,560,217 in support to 154 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON FOUNDATIONS PURPOSE: 2022 GRANT IN EXCESS OF BASE DUES | $9,000 |
PRESIDENT AND FELLOWS OF HARVARD COLLEGE PURPOSE: GENERAL SUPPORT CONTRIBUTION, TO SUPPORT THE WORK OF JULIA MINSON | $10,000 |
FUTURE PROOF INSTITUTE INC PURPOSE: C/CORPS NETWORK DESIGN | $60,000 |
THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: GREGORY CORDER 2021 SCHOLAR | $50,000 |
KAISER FAMILY FOUNDATION PURPOSE: GENERAL SUPPORT CONTRIBUTION - HEALTH COVERAGE FELLOWSHIP AND TO SUPPORT THE WORK OF LARRY TYE | $10,000 |
UNIVERSITY OF WISCONSIN PURPOSE: CIVIC SCIENCE FELLOW | $100,000 |