Richard Siegel Foundation
- Assets
- $3.3m
- Revenue
- $45.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 31-1646336
Organization Overview
Richard Siegel Foundation is located in Franklin, TN. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Richard Siegel 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, Richard Siegel Foundation generated $45.2k 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 (31.2%) each year. All expenses for the organization totaled $271.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard Siegel Foundation has awarded 162 individual grants totaling $593,657. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ran Powers Trustee | 0 | $0 | |
Firstbank Agent | 5 | $4,500 | |
Rachel Polk Trustee | 0 | $0 | |
Bj Kerstiens Vice Chair | 0 | $0 | |
Brock East Secretary | 0 | $0 | |
Bill Caruthers Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,274 |
| Dividends & Interest | $43,112 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,228 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,158 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,949 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,388 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,558 |
| Total operating and administrative expenses | $55,168 |
| Contributions, gifts, grants paid | $215,970 |
| Total expenses and disbursements | $271,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,725 |
| 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 | $163,702 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $476 |
| Total assets | $3,332,253 |
| 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 Siegel Foundation has awarded $215,970 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
A&M UNIVERSITY FOR REAGAN HAGEWOOD PURPOSE: SCHOLARSHIP | $2,500 |
ARCHIE'S PROMISE PURPOSE: RICHARD SIEGEL FOUNDATION GRANT | $4,000 |
BELMONT UNIVERSITY FOR EMMA JO SHAMBURGER PURPOSE: SCHOLARSHIP | $2,500 |
BLACKMAN MIDDLE SCHOOL PURPOSE: RICHARD SIEGEL FOUNDATION GRANT | $3,600 |
CENTER FOR THE ARTS PURPOSE: RICHARD SIEGEL FOUNDATION GRANT | $1,400 |
DISCOVERY CENTER PURPOSE: RICHARD SIEGEL FOUNDATION GRANT | $5,000 |