Ric Gonzalez Memorial Foundation
- Assets
- $411.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pontiac, MI
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-1222286
Organization Overview
Ric Gonzalez Memorial Foundation is located in Pontiac, 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. Ric Gonzalez 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 12/2021, Ric Gonzalez Memorial Foundation generated $34.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $39.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS TO DESERVING COLLEGE STUDENTS FOR COLLEGE TUITION TO PROMOTE CONTINUING EDUCATION WITHIN THE COMMUNITY. THE SELECTION COMMITTEE IS INDEPENDENT OF POTENTIAL SCHOLARSHIP RECIPIENTS. DURING 2020, 25 SCHOLARSHIPS OF VARIOUS AMOUNTS WERE AWARDED AMOUNTING TO $50,477.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Desmet Vice-President | 1 | $0 | |
Gary Gonzalez Vice-President | 1 | $0 | |
Jackie Delarosa Director | 1 | $0 | |
Richelle Gonzalez President | 2 | $0 | |
Tony Delarosa Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,718 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12,840 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,558 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20 |
| Total expenses | $39,074 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $411,312 |
| Other assets | $0 |
| Total assets | $411,312 |
| Total liabilities | $0 |
| Net assets or fund balances | $411,312 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ric Gonzalez Memorial Foundation has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |