Richardson Foundation Inc
- Assets
- $1.7m
- Revenue
- $165.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls City, NE
- Founding
- 07/1987
- Data as of
- 12/2023
- EIN
- 47-0703029
Organization Overview
Richardson Foundation Inc is located in Falls City, NE. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community 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. Richardson Foundation Inc 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, Richardson Foundation Inc generated $165.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $80.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Richardson Foundation Inc has awarded 13 individual grants totaling $231,449. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN RICHARDSON COUNTY, NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ADMINISTERS DONATIONS RECEIVED FOR THE HARTMAN FUND. THE HARTMAN FUND SUPPLIES AID TO MANY LOCAL ORGANIZATIONS INCLUDING, BUT NOT LIMITED TO, THE RICHARDSON COUNTY CANCER FUND, THE HUMANE SOCIETY OF RICHARDSON COUNTY, FALLS CITY ECONOMIC DEVELOPMENT & GROWTH ENTERPRISE, AND THE COMMUNITY MEDICAL CENTER FOUNDATION.
VERDON VOLUNTEER FIRE DEPARTMENT - 5,000 RICHARDSON COUNTY HOUSE OF HOPE - 5,000 DALE & EILEEN HEINEMAN SCHOLARSHIP FUND - 3,000 ARAGO CEMETERY FUND - 2,500 FALLS CITY ROTARY CLUB - 2,200 TOTAL = 17,700
THE ORGANIZATION SUPPORTED THE CITY OF FALLS CITY BY COLLECTING DONATIONS AND CONTRIBUTING TO THE UPKEEP OF ITHA KRUMME ARBORETUM, THE FALLS CITY AQUATIC CENTER, AND LEGION PARK. THESE ATTRACTIONS ARE ENJOYED BY HUNDREDS OF RESIDENTS AND VISITORS OF THE CITY.
THE ORGANIZATION SUPPORTED THE BACK PACK PROGRAM WHICH PROVIDES WEEKEND MEALS THROUGH DIRECT PURCHASES OF FOOD FROM THE FOOD BANK OF LINCOLN, NE FOR NEEDY FALLS CITY SCHOOL CHILDREN
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kottich President | Officer | 2 | $0 |
Dan Hill Vice Preside | Officer | 1 | $0 |
Kevin Malone Treasurer | Officer | 4 | $0 |
Marc Morehead Secretary | Officer | 1 | $0 |
Terry Malcolm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,559 |
| Total Program Service Revenue | $0 |
| Investment income | $35,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,715 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $234 |
| Office expenses | $148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $674 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $562 |
| All other expenses | $0 |
| Total functional expenses | $80,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,642 |
| Savings and temporary cash investments | $1,322,460 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $325,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,654,102 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,654,102 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,654,102 |
Grants Awarded
Over the last fiscal year, Richardson Foundation Inc has awarded $36,321 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FALLS CITY EDGE INC PURPOSE: PROMOTE LOCAL BUSINE | $12,650 |
CITY OF FALLS CITY PURPOSE: PARK IMPROVEMENTS | $5,671 |
COMMUNITY MEDICAL CENTER INC PURPOSE: FACILITY IMPROVEMENT | $6,000 |
FALLS CITY PUBLIC SCHOOLS PURPOSE: BUILDING IMPROVEMENT | $12,000 |