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 |
|---|---|---|---|
Joanna Schnedler Treasurer | 5 | $0 | |
Husniyah Dent Bradley Chair | 5 | $0 | |
Scott Hvizdos Member | 2 | $0 | |
Kristin Bowman Member | 2 | $0 | |
Susan Rosenberg Member | 2 | $0 | |
Deborah Goettel 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 |