Rich Eychaner Charitable Foundation
- Assets
- $35.3k
- Revenue
- $133.0k
- Investments
- $3.2k
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 03/1988
- Data as of
- 11/2023
- EIN
- 42-1305042
Organization Overview
Rich Eychaner Charitable Foundation is located in Des Moines, IA. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rich Eychaner Charitable 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 11/2023, Rich Eychaner Charitable Foundation generated $133.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $134.7k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rich Eychaner Charitable Foundation has awarded 125 individual grants totaling $289,944. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Eychaner President | 15 | $0 | |
Andy Burton Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $132,678 |
| Interest on Savings | $0 |
| Dividends & Interest | $273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $108,076 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,419 |
| Depreciation | $60 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,727 |
| Printing and publications | $0 |
| Other expenses | $6,612 |
| Total operating and administrative expenses | $130,222 |
| Contributions, gifts, grants paid | $4,500 |
| Total expenses and disbursements | $134,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,727 |
| Savings and temporary cash investments | $26,359 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11 |
| Other assets | $0 |
| Total assets | $35,288 |
| Accounts payable and accrued expenses | $2,695 |
| 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 | $2,695 |
Grants Awarded
Over the last fiscal year, Rich Eychaner Charitable Foundation has awarded $4,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CADE PAHL PURPOSE: EDUCATIONAL SCHOLARSHIP - IOWA STATE UNIVERSITY | $1,000 |
RACHEL OVERLA PURPOSE: EDUCATIONAL SCHOLARSHIP - IOWA STATE UNIVERSITY | $1,000 |
BRAYDON SIMMS PURPOSE: EDUCATIONAL SCHOLARSHIP - UNIVERSITY OF IOWA | $1,500 |
ZOE THURIN PURPOSE: EDUCATIONAL SCHOLARSHIP -UNIVERSITY OF MINNESOTA | $1,000 |