Richchar Inc
- Assets
- $607.6k
- Revenue
- $35.5k
- Investments
- $546.4k
- Employees
- 0
- Location
- River Forest, IL
- Founding
- 02/1999
- Data as of
- 12/2021
- 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 12/2021, Richchar Inc generated $35.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $122.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richchar Inc has awarded 96 individual grants totaling $420,374. 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
2021
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 | $1,368 |
| Dividends & Interest | $13,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,055 |
| Capital Gain Net Income | $21,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,530 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,511 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $122,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,161 |
| 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 | $534,608 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $607,571 |
| 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 $116,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST IGNATIUS COLLEGE PREP PURPOSE: TO FURTHER EDUCATIONAL WORK | $25,000 |
PARTNERS IN HEALTH PURPOSE: TO FURTHER CHARITABLE WORK IN PROVIDING HEALTH CARE TO PEOPLE WHO NEED IT MOST. | $15,000 |
MICHAEL J FOX FOUNDATION PURPOSE: TO FURTHER RESEARCH WORK IN FINDING A CURE FOR PARKINSON DISEASE | $15,000 |
THE V FOUNDATION FOR CANCER RESEARC PURPOSE: TO CONTINUE TO PROVIDE CANCER RESEARCH GRANTS | $15,000 |
Maywood, IL PURPOSE: TO FURTHER WORK TO PROVIDE HOUSING AND CRISIS NEEDS FOR THE COMMUNITY | $12,500 |
Chicago, IL PURPOSE: TO SUPPORT FURTHER WORK WITH PUBLIC RADIO | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Give Back Foundation Madison, WI | $36,333,568 | $83,771,815 |
Searle Freedom Trust Madison, WI | $105,094,955 | $12,616,372 |
Bradley Impact Fund Inc Milwaukee, WI | $79,584,497 | $81,442,514 |
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |