Fannie E Rippel Foundation
- Assets
- $84.1m
- Revenue
- $3.1m
- Investments
- $77.8m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 22-1559427
Organization Overview
Fannie E Rippel Foundation is located in Morristown, NJ. The organization was established in 2020. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Fannie E Rippel 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 12/2022, Fannie E Rippel Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Fannie E Rippel Foundation has awarded 62 individual grants totaling $1,233,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIPPEL'S KEY INITIATIVE, RETHINK HEALTH, WORKS WITH STEWARDS ON THE GROUND IN ORGANIZATIONS AND COMMUNITIES LOCALLY, STATEWIDE, REGIONALLY, AND NATIONALLY TO HELP THEM THINK ABOUT AND IMPLEMENT NEW WAYS TO IMPROVE POPULATION HEALTH AND WELL-BEING TO HAVE AN IMPACT THAT GOES BEYOND BUSINESS AS USUAL. RETHINK HEALTH PROVIDES REAL-WORLD TOOLS, FRAMEWORKS, AND EXPERTISE THAT HELP INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES CONSIDER HOW TO MAKE TRANSFORMATIVE, LASTING CHANGE AND SHIFT INVESTMENTS IN MEANINGFUL WAYS THAT SUPPORT THRIVING POPULATIONS. SERVICES OFFERED INCLUDE FREE RESOURCES, MULTI-YEAR PARTNERSHIP ARRANGEMENTS, AND AN ALUMNI NETWORK FOR THOSE ALREADY FAMILIAR WITH RETHINK HEALTH'S APPROACHES WHO WANT TO DEEPEN THEIR KNOWLEDGE AND HAVE OPPORTUNITIES TO LEARN WITH PEERS. ALL OF RETHINK HEALTH'S GUIDANCE AND SUPPORT IS TAILORED TO SUPPORT LOCAL NEEDS AND CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Ahart Trustee/chairman Of Board | 6 | $6,000 | |
David Surrenda Trustee/secretary | 1.5 | $6,000 | |
Carolyn Brooks As Of 11123 Trustee | 1.5 | $0 | |
Anu Gupta As Of 7123 Trustee | 1.5 | $3,000 | |
Elliott Fisher Trustee | 1.5 | $6,000 | |
James Sonneborn Trustee | 1.5 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Colony Group | 12/30/23 | $408,156 |
Sjk Consulting Llc | 12/30/23 | $153,120 |
Shatterproof Agency Llc | 12/30/23 | $124,498 |
Anat Gerstein Inc | 12/30/23 | $121,700 |
Third Plateau Social Impact Strategies | 12/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $667,000 |
| Interest on Savings | $13 |
| Dividends & Interest | $515,978 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,774,389 |
| Capital Gain Net Income | $1,323,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,470 |
| Total Revenue | $3,059,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $688,562 |
| Other employee salaries and wages | $2,613,635 |
| Pension plans, employee benefits | $610,863 |
| Interest | $0 |
| Taxes | $35,749 |
| Depreciation | $13,134 |
| Occupancy | $262,963 |
| Travel, conferences, and meetings | $192,257 |
| Printing and publications | $0 |
| Other expenses | $428,193 |
| Total operating and administrative expenses | $6,307,972 |
| Contributions, gifts, grants paid | $269,700 |
| Total expenses and disbursements | $6,577,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,190,170 |
| Savings and temporary cash investments | $1,793,460 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $2,199,322 |
| 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 | $36,583 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $61,770,184 |
| Net Land, buildings, and equipment | $34,267 |
| Other assets | $1,091,185 |
| Total assets | $84,115,114 |
| Accounts payable and accrued expenses | $795,102 |
| 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 | $989,842 |
| Total liabilities | $1,784,944 |
Grants Awarded
Over the last fiscal year, Fannie E Rippel Foundation has awarded $247,200 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SPECTRUM DESIGNS FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. | $500 |
PHILANTHROPY NEW YORK PURPOSE: TO SUPPORT THE ORGANIZATION RECOGNIZED AS THE VOICE FOR PHILANTHROPY IN NEW YORK | $50 |
NORTH SHORE ANIMAL LEAGUE AMERICA INC PURPOSE: TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE. | $1,500 |
COMMUNITY FOUNDATION OF NJ PURPOSE: TO SPONSOR THE ORGANIZATION'S MENTAL HEALTH FIRST AID PROJECT IN MORRIS COUNTY. | $25,000 |
NATIONAL ACADEMY OF SCIENCES PURPOSE: TO SPONSOR THE ROUNDTABLE ON POPULATION HEALTH IMPROVEMENT, WHICH IS ONE OF THE MOST EFFECTIVE ELEMENTS IN INFLUENCING AGENDA NATIONWIDE. | $50,000 |
GRANTMAKERS IN HEALTH PURPOSE: TO SUPPORT FOUNDATIONS STAYING CONNECTED THROUGH GIH'S FUNDING PARTNER CONSTITUENCY TO COORDINATE EFFORTS TO IMPROVE HEALTH | $6,150 |