Richfield Foundation
- Assets
- $273.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, MN
- Founding
- 11/1993
- Data as of
- 12/2020
- EIN
- 41-1634223
Organization Overview
Richfield Foundation is located in Richfield, MN. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Richfield 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 12/2020, Richfield Foundation generated $45.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $53.0k during the year ending 12/2020. While expenses have increased by 16.7% per year over the past 5 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
GRANTS IN PARTNERSHIP WITH THE MINNESOTA DISASTER RELIEF FUND AND ANNUAL GRANTMAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Husniyah Dent Bradley Chair | 5 | $0 | |
Joanna Schnedler Treasurer | 5 | $0 | |
Scott Hvizdos Member | 2 | $0 | |
Kristin Bowman Member | 2 | $0 | |
Deborah Goettel Member | 2 | $0 | |
Susan Rosenberg Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,439 |
| Total Program Service Revenue | $250 |
| Membership dues | $0 |
| Investment income | $9,014 |
| Gain or Loss | -$172 |
| Net Income from Gaming & Fundraising | $13,004 |
| Other Revenue | $0 |
| Total Revenue | $45,535 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,294 |
| Total expenses | $53,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $273,645 |
| Other assets | $0 |
| Total assets | $273,645 |
| Total liabilities | $0 |
| Net assets or fund balances | $273,645 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richfield Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Russell T Lund Charitable Trust Milwaukee, WI PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |
Prop Shop Of Eden Prairie Eden Prairie, MN | $2,074,814 | $1,983,377 |
Northeastern Wisconsin Area Health Education Center Inc Manitowoc, WI | $935,274 | $1,545,706 |