W Earl Richards Charitable Foundation Inc
- Assets
- $11.8m
- Revenue
- $452.1k
- Investments
- $10.7m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-1939160
Organization Overview
W Earl Richards Charitable Foundation Inc is located in Birmingham, AL. The organization was established in 2005. According to its NTEE Classification (B21) the organization is classified as: Preschools, 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. W Earl Richards Charitable 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.
For the year ending 12/2022, W Earl Richards Charitable Foundation Inc generated $452.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, W Earl Richards Charitable Foundation Inc has awarded 134 individual grants totaling $10,733,912. 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 |
|---|---|---|---|
Mark J Brown President/secretary | 2 | $150,000 | |
Kenneth H Polk Vp/treasurer | 2 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $933,947 |
| Interest on Savings | $42,010 |
| Dividends & Interest | $212,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$697,811 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$38,548 |
| Total Revenue | $452,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $259,287 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $189,492 |
| Total operating and administrative expenses | $660,772 |
| Contributions, gifts, grants paid | $1,333,048 |
| Total expenses and disbursements | $1,993,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,085,926 |
| 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 | $9,566,038 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,782,899 |
| 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, W Earl Richards Charitable Foundation Inc has awarded $1,333,048 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON PARTNERS CHARITABLE FOUNDATION PURPOSE: CHARITABLE | $5,000 |
CHRIST HEALTH CENTER PURPOSE: CHARITABLE | $15,000 |
CHARITABLE CONTRIBUTIONS FROM PASSTHROUGH PURPOSE: CHARITABLE | $1,202 |
EQUIP LEADERSHIP INC PURPOSE: CHARITABLE | $50,000 |
GRACE HOUSE MINISTRIES PURPOSE: CHARITABLE | $25,000 |
RIVERCHASE UNITED METHODIST CHURCH PURPOSE: CHARITABLE | $35,000 |