Norman I And Sandra Rich Family Charitable Foundation
- Assets
- $170.1k
- Revenue
- $29.4k
- Investments
- $166.3k
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 06/1993
- Data as of
- 09/2023
- EIN
- 36-3858426
Organization Overview
Norman I And Sandra Rich Family Charitable Foundation is located in Davenport, IA. The organization was established in 1993. 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. Norman I And Sandra 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, Norman I And Sandra Rich Family Charitable Foundation generated $29.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $33.6k during the year ending 09/2023. While expenses have increased by 9.8% 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, Norman I And Sandra Rich Family Charitable Foundation has awarded 301 individual grants totaling $173,967. 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 |
|---|---|---|---|
Miles Rich President | 0 | $0 | |
Caren Nessen Vice President/treasurer | 0 | $0 | |
Elisabeth Rich Duckett Vice President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $17,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,907 |
| Capital Gain Net Income | $11,907 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $181 |
| Total operating and administrative expenses | $600 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $33,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,797 |
| 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 | $170,057 |
| 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, Norman I And Sandra Rich Family Charitable Foundation has awarded $33,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RE-MEMBER PURPOSE: GENERAL OPERATING EXPENSES | $5,500 |
JEWISH HOME LIFE COMMUNITIES PURPOSE: GENERAL OPERATING EXPENSES | $2,500 |
ROCK ISLAND MILAN EDUCATION FUND PURPOSE: GENERAL OPERATING EXPENSES | $8,500 |
VILLAGE HEALTH WORKS PURPOSE: GENERAL OPERATING EXPENSES | $5,500 |
MAUI UNITED WAY PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
EQUALITYMAINE FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $5,000 |