Riddle Family Foundation
- Assets
- $2.3m
- Revenue
- $98.5k
- Investments
- $2.3m
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 46-1430893
Organization Overview
Riddle Family Foundation is located in Fayetteville, NC. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Riddle Family 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 12/2023, Riddle Family Foundation generated $98.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $155.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Riddle Family Foundation has awarded 195 individual grants totaling $621,019. 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 |
|---|---|---|---|
Joseph P Riddle III Director | 1 | $0 | |
Trina Thompson Riddle Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,145 |
| Capital Gain Net Income | $6,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $258 |
| Total Revenue | $98,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $40,404 |
| Contributions, gifts, grants paid | $114,980 |
| Total expenses and disbursements | $155,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,887 |
| Savings and temporary cash investments | $27,668 |
| 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 | $1,977,474 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,143 |
| Total assets | $2,315,418 |
| 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, Riddle Family Foundation has awarded $114,980 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISRAEL CONGREGATION INC PURPOSE: SUPPORT OF OPERATIONS OF ORGANIZATION | $500 |
BETTER HEALTH OF CUMBERLAND COUNTY INC PURPOSE: SUPPORT OPERATIONS OF ORGANIZATION | $2,000 |
CAPE FEAR REGIONAL THEATRE PURPOSE: SUPPORT OPERATIONS OF ORGANIZATION | $7,500 |
CAPE FEAR VALLEY HOSPITAL FOUNDATION PURPOSE: SUPPORT OPERATIONS OF ORGANIZATION | $11,250 |
BOYS AND GIRLS CLUBS OF CUMBERLAND COUNTY PURPOSE: SUPPORT OPERATIONS OF ORGANIZATION | $2,000 |
CEED PURPOSE: SUPPORT OPERATIONS | $2,500 |