Arthur J & Elizabeth W Ritch Tr
- Assets
- $3.7m
- Revenue
- $345.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Centralia, WA
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 41-6528648
Organization Overview
Arthur J & Elizabeth W Ritch Tr is located in Centralia, WA. The organization was established in 2017. 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. Arthur J & Elizabeth W Ritch Tr 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, Arthur J & Elizabeth W Ritch Tr generated $345.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $235.9k during the year ending 12/2021. While expenses have increased by 5.3% 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.
Since 2017, Arthur J & Elizabeth W Ritch Tr has awarded 74 individual grants totaling $626,043. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,411 |
| Dividends & Interest | $80,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $262,267 |
| Capital Gain Net Income | $262,267 |
| Net ST Capital Gain | $93,830 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $345,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,745 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,627 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $50,844 |
| Contributions, gifts, grants paid | $185,061 |
| Total expenses and disbursements | $235,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,781 |
| 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 | $64,078 |
| 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 | $3,650,733 |
| Accounts payable and accrued expenses | $1,127 |
| 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 | $1,127 |
Grants Awarded
Over the last fiscal year, Arthur J & Elizabeth W Ritch Tr has awarded $185,061 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: PROVIDE FOOD AND HOUSING ASSISTANCE TO THE ELDERLY IN LEWIS COUNTY | $92,530 |
BAILEY TOFAEONO DAWLEY PURPOSE: EDUCATION TUITION SCHOLARSHIP | $5,443 |
PAIGE E WAGNER PURPOSE: EDUCATION TUITION SCHOLARSHIP | $5,443 |
BRAENEN C MCALLISTER PURPOSE: EDUCATION TUITION SCHOLARSHIP | $5,443 |
HERIBERTO A REGINO PURPOSE: EDUCATION TUITION SCHOLARSHIP | $5,443 |
HAILEY E BRANN PURPOSE: EDUCATION TUITION SCHOLARSHIP | $5,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Rasmuson Foundation Anchorage, AK | $851,377,242 | $102,826,089 |
J A & Kathryn Albertson Foundation Inc Boise, ID | $0 | $34,850,275 |
Intel Foundation Hillsboro, OR | $50,440,341 | $47,262 |
Roots And Wings Foundation Inc Seattle, WA | $315,937,030 | $249,888,695 |
Schultz Family Foundation Seattle, WA | $463,519,339 | $158,807,992 |
The Lemelson Foundation Portland, OR | $488,510,181 | $33,726,014 |
Norcliffe Foundation Seattle, WA | $18,121,640 | $25,144,033 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |