Ri Foundation
- Assets
- $3.0m
- Revenue
- $103.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-8853659
Organization Overview
Ri Foundation is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. RI 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, RI Foundation generated $103.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $85.7k during the year ending 12/2021. While expenses have increased by 1.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE GOALS, PURPOSES, PRIORITIES AND PROGRAMS OF REHABILITATION INTERNATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
RI FOUNDATION (RIF) IS A SUPPORTING ORGANIZATION TO REHABILITATION INTERNATIONAL (RI). RIF WAS ESTABLISHED WITH THE SOLE PURPOSE OF SUPPORTING THE GOALS, PURPOSES, PRIORITIES, AND PROGRAMS OF REHABILITATION INTERNATIONAL. AS A SUPPORTING ORGANIZATION, RI FOUNDATION MADE GRANTS TO RI DURING THE YEAR. THE RI FOUNDATION SUPPORTS RI BY PAYING FOR OCCUPANCY COSTS, LIABILITY INSURANCE, 50% OF THE DIRECTORS & OFFICERS' INSURANCE, MONTHLY CONDOMINIUM COSTS AND THE PRO-RATED USE OF ELECTRICITY, SPECIAL ASSESSMENTS ASSOCIATED WITH THE BUILDING'S RENOVATIONS, AND CAPITAL IMPROVEMENTS, IF NEEDED. THE RI FOUNDATION'S ANNUAL CONTRIBUTIONS ARE INCLUDED IN THE ANNUAL OPERATIONS BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mdme Zhanghaidi President | OfficerTrustee | 5 | $0 |
Susan Parker Treasurer | OfficerTrustee | 10 | $0 |
Jan Monsbakken Immediate Past President | OfficerTrustee | 3 | $0 |
Khaled El Mohtar Member | Trustee | 3 | $0 |
Roysuke Matsui Member (part Year) | Trustee | 4 | $0 |
Michael Brogioli Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $32,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,959 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $260 |
| Royalties | $0 |
| Occupancy | $11,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,367 |
| Insurance | $15,871 |
| All other expenses | $0 |
| Total functional expenses | $85,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,073 |
| Net Land, buildings, and equipment | $958,754 |
| Investments—publicly traded securities | $2,025,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,985,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,985,136 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,985,136 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ri Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Navigant Credit Union Smithfield, RI PURPOSE: CHARITABLE CONTRIBUTIONS | $25,000 |
Navigant Credit Union Smithfield, RI PURPOSE: CHARITABLE CONTRIBUTIONS | $5,000 |
Bretzlaff Foundation Inc Reno, NV PURPOSE: DRI NEVADA MEDAL | $5,000 |
The Margaret And Daniel Loeb Foundation New York, NY PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ | $10,391,849 | $3,643,840 |
Sco Foundation Glen Cove, NY | $76,367,709 | $5,076,725 |
Israel Guide Dog Center For The Blind Warrington, PA | $19,631,861 | $3,082,807 |
George H And Irene L Walker Trust Rochester, MA | $0 | $164,069 |
Elwyn Foundation Elwyn, PA | $87,352,321 | $8,520,423 |
Bala Presbyterian Home Foundation Lafayette Hill, PA | $70,544,669 | $6,894,572 |
Sparc Philadelphia Philadelphia, PA | $8,453,924 | $2,320,083 |
Thevillage Foundation Rosemont, PA | $0 | $544,312 |
Advocate Hostels Holding Inc Malone, NY | $36,893,265 | $2,127,951 |