Richter Family Foundation
- Assets
- $367.8k
- Revenue
- $28.0k
- Investments
- $367.7k
- Employees
- 0
- Location
- Lake City, PA
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-0724678
Organization Overview
Richter Family Foundation is located in Lake City, PA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Richter 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.
For the year ending 12/2023, Richter Family Foundation generated $28.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $21.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFILIATE OF DOLLY PARTON'S IMAGINATION LIBRARY - PROVIDES ONE BOOK PER MONTH, FREE OF CHARGE, TO EACH CHILD AGED BIRTH TO 5 YEARS OLD IN THE OAKFIELD, ELBA, PEMBROKE, BYRON-BERGEN AND PAVILION NY SCHOOL DISTRICTS. OVER 6400 BOOKS GIVEN THIS YEAR
PROVIDES EDUCATIONAL ASSEMBLIES TO ELEMENTARY SCHOOL CHILDREN IN THE OAKFILED NY SCHOOL DISTRICT APPROX 300 CHILDREN SERVED
FUNDS A SCHOLARSHIP TO STUDENTS IN THE OAKFILED ALABAMA SCHOOL DISTRICT THAT ARE PURSUING A DEGREEE IN EDUCATION AT SUNY GENESO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Richter President | 10 | $0 | |
Linda Richter Vice President | 10 | $0 | |
Megan Richter Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,259 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,761 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $578 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,038 |
| Total operating and administrative expenses | $21,616 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $21,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67 |
| 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 | $367,750 |
| 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 |