Thomas Richards Charity
- Assets
- $60.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester Hills, MI
- Founding
- 03/2011
- Data as of
- 08/2024
- EIN
- 27-3511264
Organization Overview
Thomas Richards Charity is located in Rochester Hills, MI. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Thomas Richards Charity 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 08/2024, Thomas Richards Charity generated $42.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $21.6k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE CHARITY WAS CREATED TO HELP PEOPLE IN SIX DEGREES OF SEPARATION. SIX DEGREES OF SEPARATION REFERS TO THE IDEA THAT EVERYONE IS AT MOST SIX STEPS AWAY FROM ANY OTHER PERSON ON EARTH, SO THAT A CHAIN OF "A FRIEND OF A FRIEND" STATEMENTS CAN BE MADE TO CONNECT ANY TWO PEOPLE IN SIX STEPS OR LESS. THE GOAL OF OUR CHARITY EVENTS ARE TO BRING PEOPLE TOGETHER, IN THE SPIRIT OF ENJOYING LIFE'S PURPOSES. DURING THE FISCAL YEAR ENDED AUGUST 2018, THE CHARITY ASSISTED AND SUPPORTED THREE INDIVIDUALS AND THEIR FAMILIES. TIM MCCATTY PASSED AWAY SUDDENLY OF A HEART ATTACK, LEAVING BEHIND A WIFE AND TWO SONS. MATTHEW TINGLEY WAS INVOLVED IN A DIRT BIKE ACCIDENT THAT LEFT HIM PARALYZED FROM THE WAIST DOWN. STEPHEN IS A 4 YEAR OLD BOY DIAGNOSED WITH STAGE 4 NEUROBLASTOMA. WE SUPPORTED THESE THREE INDIVIDUALS AND THEIR FAMILIES BY PROVIDING ASSISTANCE WITH THEIR MEDICAL AND LIVING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Ciotti President | 15 | $0 | |
Eric Weeks Vice-President | 10 | $0 | |
Kathie Diekman Treasurer | 10 | $0 | |
Ryenne Ritchie Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,685 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $33,254 |
| Other Revenue | $0 |
| Total Revenue | $42,939 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,386 |
| Total expenses | $21,642 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,641 |
| Other assets | $0 |
| Total assets | $60,641 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,641 |