Edward H Richard Foundation
- Assets
- $6.8m
- Revenue
- $1.1m
- Investments
- $4.8m
- Employees
- 0
- Location
- Boynton Beach, FL
- Founding
- 04/1977
- Data as of
- 11/2023
- EIN
- 34-1211118
Organization Overview
Edward H Richard Foundation is located in Boynton Beach, FL. The organization was established in 1977. 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. Edward H Richard 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 11/2023, Edward H Richard Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $594.2k during the year ending 11/2023. While expenses have increased by 29.8% per year over the past 7 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.
Since 2015, Edward H Richard Foundation has awarded 61 individual grants totaling $1,831,297. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward H Richard President | 15 | $0 | |
David Grant Richard Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $754,236 |
| Interest on Savings | $84,225 |
| Dividends & Interest | $211,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,550 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,333 |
| Total Revenue | $1,116,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,608 |
| Depreciation | $23,397 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,919 |
| Total operating and administrative expenses | $55,454 |
| Contributions, gifts, grants paid | $538,783 |
| Total expenses and disbursements | $594,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,342 |
| Savings and temporary cash investments | $692,650 |
| 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 | $109,250 |
| Net Land, buildings, and equipment | $1,174,927 |
| Other assets | $0 |
| Total assets | $6,845,083 |
| 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, Edward H Richard Foundation has awarded $538,783 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIFTH AVENUE SYNAGOGUE PURPOSE: PROGRAMMATIC SUPPORT | $404,000 |
VARIOUS CHARITIES PURPOSE: PROGRAMMATIC SUPPORT | $4,283 |
OUR FUND FOUNDATION PURPOSE: PROGRAMMATIC SUPPORT | $80,500 |
CHABAD OF LA COSTA PURPOSE: PROGRAMMATIC SUPPORT | $50,000 |