The Ripp Family Foundation Inc
- Assets
- $1.0m
- Revenue
- -$15.6k
- Investments
- $938.5k
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 31-1812345
Organization Overview
The Ripp Family Foundation Inc is located in Vero Beach, FL. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ripp Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Ripp Family Foundation Inc has awarded 95 individual grants totaling $257,925. 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 |
|---|---|---|---|
Robert Ripp Chairman | 1 | $0 | |
Geraldine Ripp President | 1 | $0 | |
Robert S Ripp Vp/sec/treas | 1 | $0 | |
J0nathan Ripp VP Finance | 1 | $0 | |
Kathleen Desmond VP Development | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,893 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$15,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,755 |
| Total operating and administrative expenses | $10,702 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $55,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,725 |
| 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 | $938,548 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,035,273 |
| 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, The Ripp Family Foundation Inc has awarded $45,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC INDIAN RIVER FOUNDATION PURPOSE: OPERATING | $20,000 |
GIFFORD YOUTH ACHIEVEMENT CENTER PURPOSE: OPERATING | $1,500 |
HIBISCUS CHILDREN'S CENTER PURPOSE: OPERATING | $250 |
INDIAN RIVER HABITAT FOR HUMANITY PURPOSE: OPERATING | $2,000 |
INDIAN RIVER LAND TRUST PURPOSE: OPERATING | $950 |
MENTAL HEALTH ASSOCIATION OF INDIAN RIVER COUNTY PURPOSE: OPERATING | $6,000 |