Richard R Howe Foundation
- Assets
- $2.5m
- Revenue
- $250.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 22-3849162
Organization Overview
Richard R Howe Foundation is located in Short Hills, NJ. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Richard R Howe 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 12/2023, Richard R Howe Foundation generated $250.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $119.5k during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 5 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 2019, Richard R Howe Foundation has awarded 963 individual grants totaling $507,145. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $112,340 |
| Interest on Savings | $23 |
| Dividends & Interest | $9,908 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $128,272 |
| Capital Gain Net Income | $128,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,500 |
| Contributions, gifts, grants paid | $114,950 |
| Total expenses and disbursements | $119,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278 |
| Savings and temporary cash investments | $240,574 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,481,974 |
| 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, Richard R Howe Foundation has awarded $114,950 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
180 TURNING LIVES AROUND INC PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $100 |
ABA FUND FOR JUSTICE AND EDUCATION PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $200 |
ACLU FOUNDATION PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $8,500 |
AHRC NEW YORK CITY FOUNDATION INC PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $50 |
ALICE LLOYD COLLEGE PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $50 |
ALS ASSOCIATION PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $150 |