W Earl Richards Charitable Foundation Inc
- Assets
- $13.1m
- Revenue
- $2.9m
- Investments
- $12.1m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 09/2005
- Data as of
- 12/2021
- 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 12/2021, W Earl Richards Charitable Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, W Earl Richards Charitable Foundation Inc has awarded 122 individual grants totaling $9,400,864. 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 | $0 | |
Kenneth H Polk Vp/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,214,944 |
| Interest on Savings | $19,784 |
| Dividends & Interest | $205,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,384,279 |
| Capital Gain Net Income | $1,957,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $44,085 |
| Total Revenue | $2,868,244 |
| 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 | $39,998 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $256,248 |
| Total operating and administrative expenses | $716,763 |
| Contributions, gifts, grants paid | $1,929,156 |
| Total expenses and disbursements | $2,645,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $987,443 |
| 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 | $11,496,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,350 |
| Total assets | $13,127,097 |
| 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 $1,929,156 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE SIGNATRY A GLOBAL CHRISTIAN FOUNDATION PURPOSE: CHARITABLE | $970,500 |
FROM HIGH HAMPTON HOLDINGS LLC K-1 (SEE ATTACHED 8283) PURPOSE: CHARITABLE | $364,383 |
CHURCH OF THE HIGHLANDS PURPOSE: CHARITABLE | $232,010 |
VAPOR INTERNATIONAL PURPOSE: CHARITABLE | $103,768 |
JH RANCH PURPOSE: CHARITABLE | $100,260 |
Duluth, GA PURPOSE: CHARITABLE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that W Earl Richards Charitable Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Tanner Colby Smith Charitable Foundation Santa Rosa Beach, FL PURPOSE: EDUCATIONAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Children First Inc Sarasota, FL | $8,906,542 | $13,314,523 |
Washington County Opportunities Inc Greenville, MS | $2,892,910 | $12,059,595 |
Le Jardin Community Center Inc Homestead, FL | $6,704,998 | $12,650,316 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Pine School Inc Hobe Sound, FL | $19,297,694 | $13,018,702 |
Gulfstream School Inc Gulf Stream, FL | $26,409,353 | $8,595,738 |
Jacksonville Country Day School Jacksonville, FL | $17,414,730 | $8,804,940 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |
Sumter County Opportunities Inc Livingston, AL | $567,206 | $6,863,023 |
Greenwood Leflore Educational Foundation Inc Greenwood, MS | $27,528,848 | $8,465,587 |