Richardson Foundation Inc
- Assets
- $1.5m
- Revenue
- $74.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls City, NE
- Founding
- 07/1987
- Data as of
- 12/2021
- 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 12/2021, Richardson Foundation Inc generated $74.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $59.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 COLLECTED DONATIONS AND CONTRIBUTED TO THE UPKEEP OF THE ITHA KRUMME ARBORETUM. NEBRASKA'S FINEST ARBORETUM AND NATURE TRAILS ARE LOCATED NEAR STANTON LAKE PARK IN FALLS CITY, NEBRASKA. THE ORGANIZATION ALSO WORKED WITH THE CITY OF FALLS CITY, NEBRASKA TO COLLECT DONATIONS AND DIRECT SUPPORT TO THE FALLS CITY AQUATIC CENTER AND SPLASH PAD, PROMENADE PARK, AND LEGION PARK, AS WELL AS THE CITY OF FALLS CITY'S NEW WATERFALL PROJECT.
THE ORGANIZATION SUPPORTED THE FALLS CITY ECONOMIC DEVELOPMENT & GROWTH ENTERPRISE, INC. (EDGE) IN THE EFFORT TO ATTRACT NEW AND MAINTAIN EXISTING BUSINESSES IN RICHARDSON COUNTY, NEBRASKA WHICH HELPS THE ENTIRE COUNTY GROW AND PROSPER.
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.
HUMANE SOCIETY OF RICHARDSON COUNTY - 5,000 RICHARDSON COUNTY CANCER FUND - 5,000 DALE & EILEEN HEINEMAN SCHOLARSHIP FUND - 6,500 ARAGO CEMETERY FUND - 2,500 COMMUNITY MEDICAL CENTER INC. - 7500 TOTAL = 26,500
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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 | $59,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,385 |
| Total Program Service Revenue | $0 |
| Investment income | $15,276 |
| 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 | $74,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,330 |
| 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 | $23 |
| 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 | $133 |
| Office expenses | $238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $616 |
| 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 | $500 |
| All other expenses | $11,241 |
| Total functional expenses | $59,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,950 |
| Savings and temporary cash investments | $951,125 |
| 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 | $515,759 |
| 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 | $1,486,834 |
| 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 | $1,486,834 |
| 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 | $1,486,834 |
Grants Awarded
Over the last fiscal year, Richardson Foundation Inc has awarded $26,330 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Falls City, NE PURPOSE: PROMOTE LOCAL BUSINE | $13,750 |
Falls City, NE PURPOSE: FACILITY IMPROVEMENT | $7,500 |
CITY OF FALLS CITY PURPOSE: PARK IMPROVEMENTS | $5,080 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richardson Foundation Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |
Hutchinson Community Foundation Hutchinson, KS | $99,932,573 | $30,609,087 |
Community Foundation Of Northeast Iowa Cedar Falls, IA | $163,015,524 | $24,241,546 |
Topeka Community Foundation Topeka, KS | $83,907,223 | $10,296,252 |
Douglas County Community Foundation Lawrence, KS | $89,245,975 | $20,399,772 |
South Central Iowa Community Foundation Chariton, IA | $15,877,246 | $5,307,597 |
Wichita Community Foundation Wichita, KS | $95,625,869 | $13,064,414 |
Greater Omaha Chamber Foundation Omaha, NE | $10,667,972 | $5,354,190 |
Truman Heartland Community Foundation Independence, MO | $85,851,190 | $25,771,089 |
Western Colorado Community Foundation Inc Grand Junction, CO | $118,852,792 | $13,243,479 |
Roman Catholic Foundation Of Eastern Missouri St Louis, MO | $73,816,799 | $11,210,436 |
Kearney Area Community Foundation Kearney, NE | $36,338,328 | $7,420,402 |