Richard T Naples Sr Educational Foundation Inc
- Assets
- $272.6k
- Revenue
- $153.5k
- Investments
- $109.5k
- Employees
- 0
- Location
- Hubbard, OH
- Founding
- 01/1998
- Data as of
- 06/2024
- EIN
- 34-1851988
Organization Overview
Richard T Naples Sr Educational Foundation Inc is located in Hubbard, OH. The organization was established in 1998. 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 T Naples Sr Educational 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.
For the year ending 06/2024, Richard T Naples Sr Educational Foundation Inc generated $153.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $69.8k during the year ending 06/2024. While expenses have increased by 14.8% per year over the past 9 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 2016, Richard T Naples Sr Educational Foundation Inc has awarded 265 individual grants totaling $332,431. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Naples Sr Trustee | 0 | $0 | |
Richard Naples Jr Trustee | 0 | $0 | |
James Orsine Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $3,639 |
| Dividends & Interest | $776 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,938 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $78 |
| Other expenses | $1,377 |
| Total operating and administrative expenses | $2,042 |
| Contributions, gifts, grants paid | $67,718 |
| Total expenses and disbursements | $69,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $163,070 |
| 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 | $272,562 |
| 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 T Naples Sr Educational Foundation Inc has awarded $67,718 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WALKER BARR PURPOSE: SCHOLARSHIP | $1,000 |
DYLAN BRANNAN PURPOSE: SCHOLARSHIP | $1,000 |
ALEXIS CINTRON PURPOSE: SCHOLARSHIP | $15,718 |
KAYLA CAMPBELL PURPOSE: SCHOLARSHIP | $1,000 |
EVAN DIAS PURPOSE: SCHOLARSHIP | $1,000 |
EMARI EDMONDS PURPOSE: SCHOLARSHIP | $1,000 |