Richchar Inc
- Assets
- $516.5k
- Revenue
- $3.5k
- Investments
- $511.8k
- Employees
- 0
- Location
- River Forest, IL
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 36-4156963
Organization Overview
Richchar Inc is located in River Forest, IL. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Richchar 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 12/2022, Richchar Inc generated $3.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $94.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richchar Inc has awarded 109 individual grants totaling $562,874. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND RELATED EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Vlerick Pres, Sec & Tr | 0 | $0 | |
Beth Vlerick Asst Treasurer | 0 | $0 | |
Jacqueline Redlich Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $13,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,216 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $309 |
| Total Revenue | $3,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,064 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $94,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,702 |
| Savings and temporary cash investments | $0 |
| 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 | $499,965 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $516,469 |
| 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, Richchar Inc has awarded $87,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
NETWORK ADVOCATES NUNS ON THE BUS PURPOSE: TO FURTHER EDUCATE THE NETWORK OF JUSTICE SEEKERS IN ORDER FOR THEM TO EFFECTIVLEY ENGAGE WITH THE POLITICAL PROCESS. | $5,000 |
MICHAEL J FOX FOUNDATION PURPOSE: TO FURTHER RESEARCH WORK IN FINDING A CURE FOR PARKINSON DISEASE | $10,000 |
LOYOLA ACADEMY PURPOSE: TO FURTHER EDUCATIONAL WORK | $2,500 |
WBEZ CHICAGO PUBLIC MEDIA PURPOSE: TO SUPPORT FURTHER WORK WITH PUBLIC RADIO | $8,500 |
THE V FOUNDATION FOR CANCER RESEARC PURPOSE: TO CONTINUE TO PROVIDE CANCER RESEARCH GRANTS | $10,000 |
HOUSING FORWARD PURPOSE: TO FURTHER WORK TO PROVIDE HOUSING AND CRISIS NEEDS FOR THE COMMUNITY | $8,000 |