Peter A Ridings Memorial Foundation
- Assets
- $393.3k
- Revenue
- $23.5k
- Investments
- $329.4k
- Employees
- 0
- Location
- Cazenovia, NY
- Founding
- 11/1956
- Data as of
- 12/2022
- EIN
- 15-6021539
Organization Overview
Peter A Ridings Memorial Foundation is located in Cazenovia, NY. The organization was established in 1956. According to its NTEE Classification (N69) the organization is classified as: Equestrian, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peter A Ridings Memorial 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, Peter A Ridings Memorial Foundation generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $52.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Peter A Ridings Memorial Foundation has awarded 50 individual grants totaling $121,242. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Morford Trustee | 0 | $0 | |
Anne Morford Trustee | 0 | $0 | |
Martha Ridings Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116 |
| Dividends & Interest | $23,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $546 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,141 |
| Contributions, gifts, grants paid | $50,992 |
| Total expenses and disbursements | $52,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,833 |
| Savings and temporary cash investments | $0 |
| 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 | $393,254 |
| 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, Peter A Ridings Memorial Foundation has awarded $50,992 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF LORENZO PURPOSE: TO ENHANCE/PRESERVE SITE | $150 |
MANCHESTER BIDWELL PURPOSE: FURTHER EDUCATIONAL MISSION | $5,000 |
ST PETER'S EPISCOPAL CHURCH PURPOSE: GENERAL CONTRIBUTION | $5,000 |
TIOUGHNIOGA LAKE PRESERVATION PURPOSE: LAKE PRESERVATION MSSION | $5,000 |
CAZENOVIA COMMUNITY PRE-SCHOOL PURPOSE: PRE-SCHOOL EDUCATION ASSISTANCE | $5,000 |
SYRACUSE STAGE PURPOSE: PROMOTE THE ARTS | $3,000 |