Ria Charitable Investments Inc
- Assets
- $87.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 09/2014
- Data as of
- 09/2022
- EIN
- 35-2466064
Organization Overview
Ria Charitable Investments Inc is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ria Charitable Investments 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 09/2022, Ria Charitable Investments Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AN INVESTMENT POOL FOR SUPPORTED 501(C(3)) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES TWO PORTFOLIOS FOR THE BENEFIT OF THE PARTICIPATING ORGANIZATIONS. THE FIRST IS A SHORT-TERM PORTFOLIO THAT INVESTS FUNDS IN INVESTMENT GRADE CORPORATE BONDS, GOVERNMENT BONDS, MORTGAGE BACKED BONDS AND SIMILAR INVESTMENT INSTRUMENTS. AFTER PAYING EXPENSES, THIS PORTFOLIO PAYS A FIXED INTEREST RATE MONTHLY TO EACH SUPPORTED ORGANIZATION BASED ON THE AMOUNT EACH DEPOSITED IN THIS PORTFOLIO. THE INTEREST RATE IS ESTABLISHED BY THE BOARD OF DIRECTORS. THE SECOND IS A LONG-TERM PORTFOLIO THAT INVESTS FUNDS IN STOCK AND ALTERNATIVE INVESTMENT MUTUAL FUNDS WITH AN OBJECTIVE OF MAXIMIZING TOTAL RETURN FROM CAPITAL APPRECIATION AND DIVIDEND INCOME. GAINS, LOSSES, AND EXPENSES OF OPERATING THE PORTFOLIO ARE ALLOCATED TO EACH ORGANIZATION'S ACCOUNT BASED ON THE AMOUNTS INVESTED IN THE PORTFOLIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Buhler Board Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Jonathan Godbey Board Chair | OfficerTrustee | 0.25 | $0 |
John Krehely President | OfficerTrustee | 0.5 | $0 |
Dan Butler Director | Trustee | 0.25 | $0 |
Matt Dawson Director, Until Oct 2021 | Trustee | 0.25 | $0 |
Jim Owens Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,614,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,614,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,845 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $1,289,452 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $1,365,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439 |
| Savings and temporary cash investments | $1,455,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $328,774 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $86,003,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,787,681 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,044,502 |
| Total liabilities | $90,044,502 |
| Net assets without donor restrictions | -$2,256,821 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,787,681 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Church Loan Corporation Dallas, TX | $159,669,152 | $6,699,447 |
Presbyterian Communities And Services Dallas, TX | $18,546,633 | $4,334,623 |
Legacy Of Yogi Bhajan Foundation Santa Cruz, NM | $17,787,649 | $1,568,900 |
The Ruth Foundation Dallas, TX | $4,489,320 | $233,856 |
Ria Charitable Investments Inc Dallas, TX | $87,787,681 | $1,614,739 |
Noah Arc Community Development Corporation Inc Minden, LA | $7,905,393 | $1,130,663 |
Anglican Communion Compass Rose Society Inc Houston, TX | $134,399 | $941,707 |
Global Evangelical Team Inc Huntsville, TX | $1,173,041 | $1,080,905 |
National Christian Charitable Foundation Inc Houston, TX | $829,974 | $998,297 |
The Thanks-Giving Foundation Dallas, TX | $2,754,536 | $764,224 |
Baptist Missionary Loan Association Waxahachie, TX | $19,801,107 | $710,852 |
Christian Heritage Foundation Inc Cleburne, TX | $1,336,414 | $294,253 |