Harold E Riley Foundation
- Assets
- $357.9k
- Revenue
- $585.0k
- Investments
- $10.4k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 30-0181669
Organization Overview
Harold E Riley Foundation is located in Fort Worth, TX. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harold E Riley 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, Harold E Riley Foundation generated $585.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $18.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harold E Riley Foundation has awarded 12 individual grants totaling $18,767,199. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HAROLD E RILEY FOUNDATION SUPPORTS BAYLOR UNIVERSITY AND SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HAROLD E RILEY FOUNDATION SUPPORTS BAYLOR UNIVERSITY AND SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colby Adams Trustee | 0 | $0 | |
Ed Upton Trustee | 0 | $0 | |
Jeff Wallace Trustee | 0 | $0 | |
Doug Welch Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skadden Arps Slate Meagher & Flom Llp | 12/30/21 | $481,567 |
Thompson & Knight Llp | 12/30/21 | $480,940 |
Wheeler Trigg O'donnell Llp | 12/30/21 | $116,166 |
Kirkman Law Firm | 12/30/21 | $108,336 |
Sherman & Howard Llc | 12/30/21 | $88,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $423,378 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,120 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,486 |
| Capital Gain Net Income | $145,486 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $584,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $43,094 |
| Pension plans, employee benefits | $3,185 |
| Interest | $0 |
| Taxes | $2,897 |
| Depreciation | $6,839 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $187 |
| Printing and publications | $0 |
| Other expenses | $11,996 |
| Total operating and administrative expenses | $1,664,296 |
| Contributions, gifts, grants paid | $17,052,710 |
| Total expenses and disbursements | $18,717,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,467 |
| Savings and temporary cash investments | $0 |
| 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 | $265,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $357,850 |
| Accounts payable and accrued expenses | $162,862 |
| 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 | $162,862 |
Grants Awarded
Over the last fiscal year, Harold E Riley Foundation has awarded $17,052,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Waco, TX PURPOSE: HANKAMER SCHOOL OF BUSINESS - HAROLD RILEY SCHOLARSHIPS | $8,526,355 |
SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY PURPOSE: DISCRETION OF THE PRESIDENT | $8,526,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiley College Marshall, TX | $47,591,110 | $22,498,532 |
Meadow Oaks Education Foundation Mesquite, TX | $6,337,401 | $20,503,410 |
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |