Rip Foundation
- Assets
- $73.3k
- Revenue
- $85.7k
- Investments
- $67.7k
- Employees
- 0
- Location
- Lakewood, OH
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 31-1531644
Organization Overview
Rip Foundation is located in Lakewood, OH. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rip 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, Rip Foundation generated $85.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.2% each year . All expenses for the organization totaled $43.3k during the year ending 12/2021. While expenses have increased by 60.1% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR HIGHER EDUCATION AND COMMUNITY OUTREACH SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Still Noble President | 2 | $0 | |
Robert P Noble Jr Trustee | 2 | $0 | |
Vicki Noble Trustee | 2 | $0 | |
Faith Noble Treasurer | 2 | $0 | |
Robert Manning Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,600 |
| Interest on Savings | $0 |
| Dividends & Interest | $768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,688 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,680 |
| 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 | $734 |
| Total operating and administrative expenses | $734 |
| Contributions, gifts, grants paid | $42,550 |
| Total expenses and disbursements | $43,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,640 |
| 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 | $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 | $73,320 |
| 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, Rip Foundation has awarded $42,550 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: COMMUNITY OUTREACH SUPPORT | $33,800 |
New York, NY PURPOSE: EDUCATIONAL INSTITUTION | $6,200 |
Cleveland, OH PURPOSE: EDUCATION | $1,400 |
WINSLOW THERAPEUTIC RIDING CENTER PURPOSE: RIDING THERAPY | $1,000 |
CLEVELAND ECUMENICAL INSTITUTE PURPOSE: ECUMENICAL SUPPORT | $100 |
JUNTOS DANCE PURPOSE: CHARITABLE DANCE ORGANIZATION | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |