R Gene And Nancy D Richter Foundation Inc
- Assets
- $919.4k
- Revenue
- -$48.1k
- Investments
- $895.9k
- Employees
- 0
- Location
- Saline, MI
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 16-1679880
Organization Overview
R Gene And Nancy D Richter Foundation Inc is located in Saline, MI. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R Gene And Nancy D Richter Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, R Gene And Nancy D Richter Foundation Inc has awarded 23 individual grants totaling $225,776. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
1 SCHOLARSHIP AWARDED TO STUDENT OF SUPPLY MANAGEMENT BASED UPON WRITTEN GUIDELINES SET FORTH IN THE COMMITMENT AGREEMENT DATED 10/7/2008 BETWEEN THE FOUNDATION AND THE INSTITUTE FOR SUPPLY MANAGEMENT.
DONATION TO THE R. GENE RICHTER SCHOLARSHIP FUND AT THE INSTITUTE FOR SUPPLY MANAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O Frank Richter Director | 0.5 | $0 | |
Nancy D Richter President | 5 | $0 | |
Elizabeth M Richter Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,235 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$48,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $958 |
| Total operating and administrative expenses | $4,051 |
| Contributions, gifts, grants paid | $46,000 |
| Total expenses and disbursements | $50,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,177 |
| Savings and temporary cash investments | $2,248 |
| 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 | $919,362 |
| Accounts payable and accrued expenses | $1,683 |
| 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 | $1,683 |
Grants Awarded
Over the last fiscal year, R Gene And Nancy D Richter Foundation Inc has awarded $46,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN DEARBORN PURPOSE: SCHOLARSHIP PROGRAM | $20,000 |
INSTITUTE FOR SUPPLY MANAGEMENT PURPOSE: SCHOLARSHIPS | $20,000 |
WOMEN'S CENTER OF SE MICHIGAN PURPOSE: PROGRAM SERVICES | $5,000 |
Ann Arbor, MI PURPOSE: PROGRAM SERVICES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
John F And Edith L Wilsterman Foundation Flushing, MI | $43,019,363 | $3,159,735 |