Julia M Ridge & Everett L Ridge Adrian College Trust Foundation
- Assets
- $1.6m
- Revenue
- $41.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 09/1957
- Data as of
- 12/2022
- EIN
- 35-6013001
Organization Overview
Julia M Ridge & Everett L Ridge Adrian College Trust Foundation is located in Las Vegas, NV. The organization was established in 1957. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Julia M Ridge & Everett L Ridge Adrian College Trust 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 12/2022, Julia M Ridge & Everett L Ridge Adrian College Trust Foundation generated $41.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $131.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $64,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,932 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,021 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22 |
| Total operating and administrative expenses | $31,770 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $131,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96 |
| Savings and temporary cash investments | $47,735 |
| 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 | $1,167,126 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,648,459 |
| 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 |