Martin D And Barbara H Rich Family Charitable Foundation
- Assets
- $566.7k
- Revenue
- $112.4k
- Investments
- $558.2k
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 08/1992
- Data as of
- 09/2023
- EIN
- 36-3827049
Organization Overview
Martin D And Barbara H Rich Family Charitable Foundation is located in Davenport, IA. The organization was established in 1992. 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. Martin D And Barbara H Rich Family Charitable 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 09/2023, Martin D And Barbara H Rich Family Charitable Foundation generated $112.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $137.0k during the year ending 09/2023. While expenses have increased by 4.6% per year over the past 7 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 2015, Martin D And Barbara H Rich Family Charitable Foundation has awarded 559 individual grants totaling $932,009. 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 |
|---|---|---|---|
Martin Rich President | 0 | $0 | |
Louis Rich Director | 0 | $0 | |
John Rich Secretary/treasurer | 0 | $0 | |
Andrea Rich Hesser Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,148 |
| Dividends & Interest | $102,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,176 |
| Capital Gain Net Income | $8,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $112,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,425 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148 |
| Total operating and administrative expenses | $1,573 |
| Contributions, gifts, grants paid | $135,425 |
| Total expenses and disbursements | $136,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,494 |
| 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 | $566,710 |
| 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, Martin D And Barbara H Rich Family Charitable Foundation has awarded $135,425 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
ALL FAITH'S FOOD BANK PURPOSE: OPERATING NEEDS | $2,500 |
ALS FOUNDATION PURPOSE: OPERATING NEEDS | $1,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: OPERATING NEEDS | $4,000 |
AVIA JEWISH HOUSING COUNCIL PURPOSE: OPERATING NEEDS | $3,000 |
ASOLO REPERTORY THEATRE PURPOSE: OPERATING NEEDS | $3,000 |
BETHANY FOR CHILDREN & FAMILY PURPOSE: OPERATING NEEDS | $2,000 |