Richards Family Foundation
- Assets
- $3.5m
- Revenue
- $804.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 20-0505655
Organization Overview
Richards Family Foundation is located in Cleveland, OH. The organization was established in 2004. 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. Richards Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Richards Family Foundation has awarded 102 individual grants totaling $2,346,500. 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 |
|---|---|---|---|
Marianne Richards Co-Trustee | 0 | $0 | |
Donald J Richards Co-Trustee | 0 | $0 | |
Katherine L Ruiz Co-Trustee | 0 | $0 | |
Daniel S Richards Co-Trustee | 0 | $0 | |
Peter D Richards Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $769,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $107,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$72,761 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $581 |
| Total Revenue | $804,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,758 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $48,414 |
| Contributions, gifts, grants paid | $282,000 |
| Total expenses and disbursements | $330,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,434 |
| Savings and temporary cash investments | $145,227 |
| 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 | $38,150 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,461,216 |
| 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, Richards Family Foundation has awarded $282,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
SCRANTON ROAD MINISTRIES CDC PURPOSE: GENERAL | $20,000 |
CAMPUS CRUSADE FOR CHRIST PURPOSE: GENERAL | $19,000 |
RAHAB MINISTRIES PURPOSE: GENERAL | $5,000 |
FIELDSTONE COUNSELING PURPOSE: GENERAL | $15,000 |
CUYAHOGA VALLEY CHRISTIAN ACADEMY PURPOSE: GENERAL | $100,000 |
VALLEY CHRISTIAN ACADEMY PURPOSE: GENERAL | $25,000 |