The Richard H Driehaus Foundation
- Assets
- $334.7m
- Revenue
- $200.9k
- Investments
- $330.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 36-3261347
Organization Overview
The Richard H Driehaus Foundation is located in Chicago, IL. The organization was established in 1985. 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. Richard H Driehaus 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, Richard H Driehaus Foundation generated $200.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (66.5%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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 |
|---|---|---|---|
Dorothy Mellin Director / Vice President | 1 | $16,500 | |
Elizabeth Driehaus Director / Treasurer | 1 | $16,500 | |
Chris Mellin Director / Secretary | 1 | $16,500 | |
Anne Lazar Executive Director/president | 40 | $315,623 | |
Bill Beck Director (through 4/15/2022) | 1 | $0 | |
John Chandler Director | 1 | $16,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $991,527 |
| Dividends & Interest | $3,015,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,960,827 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $155,139 |
| Total Revenue | $200,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $426,873 |
| Other employee salaries and wages | $890,651 |
| Pension plans, employee benefits | $216,548 |
| Interest | $0 |
| Taxes | $59,385 |
| Depreciation | $1,685 |
| Occupancy | $233,502 |
| Travel, conferences, and meetings | $20,117 |
| Printing and publications | $0 |
| Other expenses | $232,553 |
| Total operating and administrative expenses | $2,655,396 |
| Contributions, gifts, grants paid | $4,792,148 |
| Total expenses and disbursements | $7,447,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,983 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $4,200,000 |
| 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 | $11,719,860 |
| Net Land, buildings, and equipment | $5,055 |
| Other assets | $209,094 |
| Total assets | $334,699,905 |
| Accounts payable and accrued expenses | $291,384 |
| Grants payable | $1,823,563 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $162,415 |
| Total liabilities | $2,277,362 |