Margaret Cole Richards Charitable Foundation Inc
- Assets
- $1.6m
- Revenue
- $235.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 35-2063157
Organization Overview
Margaret Cole Richards Charitable Foundation Inc is located in Indianapolis, IN. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Margaret Cole Richards Charitable 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 12/2021, Margaret Cole Richards Charitable Foundation Inc generated $235.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $145.0k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 6 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 2017, Margaret Cole Richards Charitable Foundation Inc has awarded 84 individual grants totaling $448,455. 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 |
|---|---|---|---|
Marjorie Wilkerson Exec Dir & Secy | 30 | $26,400 | |
Margaret C Russell President & Treasurer | 8 | $0 | |
Stephen L Russell Board Member | 8 | $0 | |
Pam Smith Board Member | 1 | $0 | |
Mary K Schnitz Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $189,607 |
| Capital Gain Net Income | $189,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,061 |
| Total operating and administrative expenses | $55,511 |
| Contributions, gifts, grants paid | $89,510 |
| Total expenses and disbursements | $145,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $125,791 |
| 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 | $1,113,099 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,649,177 |
| 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, Margaret Cole Richards Charitable Foundation Inc has awarded $89,510 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA TAX FORCE ONE PURPOSE: TO FUND OPERATIONS | $20,810 |
Indianapolis, IN PURPOSE: TO FUND OPERATIONS | $20,000 |
Indianapolis, IN PURPOSE: TO FUND OPERATIONS | $12,400 |
BAY PRESBYTERIAN CHURCH PURPOSE: TO FUND OPERATIONS | $5,200 |
AMERICAN RED CROSS PURPOSE: TO FUND OPERATIONS | $5,000 |
Indianapolis, IN PURPOSE: TO FUND OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joyce Foundation Chicago, IL | $1,408,794,882 | $150,496,278 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Northern Trust Foundation Chicago, IL | $8,176,518 | $7,000,250 |
Good Samaritan Hospital Foundation Inc Vincennes, IN | $4,610,658 | $1,741,371 |