Walter Rich Charitable Foundation
- Assets
- $1.3m
- Revenue
- $17.8k
- Investments
- $220.5k
- Employees
- 0
- Location
- Franklin, NY
- Founding
- 09/1997
- Data as of
- 06/2024
- EIN
- 16-1515001
Organization Overview
Walter Rich Charitable Foundation is located in Franklin, NY. The organization was established in 1997. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Walter Rich 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 06/2024, Walter Rich Charitable Foundation generated $17.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $35.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN BUILDING LOCATED MAIN STREET, FRANKLIN, NY AND COLLECTIONS USED BY FRANKLIN RAILROAD & COMMUNITY MUSEUM WHICH IS A 501C(3)ORGANIZATION
DISTRIBUTIONS FROM ENDOWMENT FUND TO PROVIDE SUPPORT TO FRANKLIN RAILROAD & COMMUNITY MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Campbell President | 30 | $0 | |
Tom Worden Vice President | 1 | $0 | |
Kim Hyzer Secretary | 1 | $0 | |
Susan Taggart Treasurer | 2 | $0 | |
Collin Campbell Director | 1 | $0 | |
Chris Downin Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $658 |
| Dividends & Interest | $4,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,979 |
| Capital Gain Net Income | $12,979 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,780 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $29,004 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,128 |
| Total operating and administrative expenses | $35,133 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $35,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $11,772 |
| Net Land, buildings, and equipment | $665,663 |
| Other assets | $382,842 |
| Total assets | $1,269,038 |
| Accounts payable and accrued expenses | $8,523 |
| 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 | $8,523 |
Grants Awarded
Over the last fiscal year, Walter Rich Charitable Foundation has awarded $400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF BASSETT HEALTHCARE PURPOSE: GENERAL | $0 |
SPRINGBROOK PURPOSE: GENERAL | $0 |
CATSKILL AREA HOSPICE PURPOSE: GENERAL | $0 |
FRANKLIN STAGE PURPOSE: GENERAL | $0 |
FRANKLIN CONGREGATIONAL PURPOSE: GENERAL | $0 |
FRANKLIN FREE LIBRARY PURPOSE: GENERAL | $0 |