Risen Son Foundation Inc
- Assets
- $4.5m
- Revenue
- $67.3k
- Investments
- $4.4m
- Employees
- 0
- Location
- Amherst, NY
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 20-4446969
Organization Overview
Risen Son Foundation Inc is located in Amherst, NY. The organization was established in 2006. 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. Risen Son 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, Risen Son Foundation Inc generated $67.3k 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 (21.2%) each year. All expenses for the organization totaled $421.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Risen Son Foundation Inc has awarded 164 individual grants totaling $2,129,252. 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 |
|---|---|---|---|
David A Rich Sr President | 2 | $0 | |
Grace E Rich Vice-President | 2 | $0 | |
David A Rich Jr Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,918 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,621 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $44,286 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,723 |
| Depreciation | $575 |
| Occupancy | $30,327 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,401 |
| Total operating and administrative expenses | $156,296 |
| Contributions, gifts, grants paid | $265,550 |
| Total expenses and disbursements | $421,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,392 |
| 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 | $1,072,791 |
| Net Land, buildings, and equipment | $13,619 |
| Other assets | $0 |
| Total assets | $4,529,433 |
| 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, Risen Son Foundation Inc has awarded $265,550 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BRADLEY UNIVERSITY PURPOSE: JOHN HARVEY INTERNATIONAL ENDOWNMENT FUND | $10,000 |
BUFFALO DREAM CENTER PURPOSE: GENERAL FUND | $250 |
BUFFALO CITY MISSION PURPOSE: GENERAL FUND & CORNERSTONE CAMPAIGN FOR WOMEN AND CHILDREN | $2,000 |
COVENANT FELLOWSHIP CHURCH PURPOSE: NEW BUILDING FUND | $10,000 |
GLOBAL OUTREACH PURPOSE: JOSIP & KELLY DEBELJUH MISSION TRIP FUND | $1,600 |
HEARTS FOR THE HOMELESS PURPOSE: GENERAL FUND | $1,100 |