Rileys Way Foundation
- Assets
- $5.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Brooklyn, NY
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1618480
Organization Overview
Rileys Way Foundation is located in Brooklyn, NY. The organization was established in 2014. 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. As of 12/2022, Rileys Way Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rileys Way 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 12/2021, Rileys Way Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 34.9% per year over the past 6 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 2018, Rileys Way Foundation has awarded 11 individual grants totaling $151,959. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1 AND SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RILEY'S WAY FOUNDATION, INC. (THE "FOUNDATION") WAS ESTABLISHED ON AUGUST 19, 2014. THE FOUNDATION DEVELOPS PROGRAMMING AND PROVIDES GRANT FUNDING FOR THE PURPOSE OF EMPHASIZING THE VALUE OF KINDNESS AND EMPATHY AMONG HIGH SCHOOL AND COLLEGE STUDENTS IN ORDER TO INVEST IN AND SUPPORT THE NEXT GENERATION OF KIND LEADERS. THE FOUNDATION PROVIDES SEED FUNDING FOR COMMUNITY BASED SOCIAL IMPACT PROJECTS, LEADERSHIP TRAINING AND SKILL BUILDING CURRICULUM, LEADERSHIP RETREATS, COACHING AND 1:1 PROJECT SUPPORT, AND A COMMUNITY OF PRACTICE FOR YOUNG LEADERS (AGES 13-22). THE FOUNDATION HAS THREE ESTABLISHED PROGRAMS INCLUDING THE CALL FOR KINDNESS, COUNCILS AND CHAPTERS, AND YOUTH LEADERSHIP RETREATS. IN 2022, THE CALL FOR KINDNESS FUNDED 35 HIGH SCHOOL AND COLLEGE PROJECTS AND 5 CONTINUATION PROJECTS, WHICH INCLUDED 100 FELLOWS NATIONWIDE. PROJECTS TACKLED A RANGE OF SOCIAL ISSUES SUCH AS ENVIRONMENTAL JUSTICE, MENTAL HEALTH, FOOD INSECURITY, AND HOMELESSNESS. OUR NEW YORK CITY BASED COUNCIL PROGRAM HAD ROUGHLY 100 HIGH SCHOOL GIRLS THIS YEAR FROM SIX DIFFERENT SCHOOL THAT WORKED TOGETHER ON VARIOUS ISSUES IN THEIR COMMUNITY SUCH AS FOOD INSECURITY AND EDUCATION EQUITY. OUR YOUTH LEADERSHIP RETREAT BROUGHT TOGETHER NEARLY 100 YOUNG LEADERS FROM HIGH SCHOOLS AROUND THE COUNTRY TO BUILD LEADERSHIP SKILL TOGETHER FOR A WEEKEND AT A CAMP IN NEW YORK AND NETWORK WITH EACH OTHER THROUGH PROGRAMING AND OTHER VIRTUAL EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Sandler Board Chair & Co-President | OfficerTrustee | 1 | $0 |
Mackenzie Sandler Co-Founder | OfficerTrustee | 1 | $0 |
Amy Bersh Director & Secretary | OfficerTrustee | 1 | $0 |
Brian Potash Treasurer & Board Member | OfficerTrustee | 1 | $0 |
Scott Eisenberg Director | Trustee | 1 | $0 |
Jordan Freundlich Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,987 |
| Investment income | $1,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $214,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,716,463 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $576,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,720 |
| Payroll taxes | $43,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,895 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,278 |
| Advertising and promotion | $0 |
| Office expenses | $22,622 |
| Information technology | $1,050 |
| Royalties | $0 |
| Occupancy | $19,200 |
| 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 | $753 |
| All other expenses | $0 |
| Total functional expenses | $1,018,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,864,568 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,339,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,204,052 |
| 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 | $5,204,052 |
| 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 |
| Total liabilities and net assets/fund balances | $5,204,052 |
Grants Awarded
Over the last fiscal year, Rileys Way Foundation has awarded $46,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROMISE54 PURPOSE: TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS | $24,000 |
LOWER MANHATTAN CULTURAL COUNSEL PURPOSE: TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS | $22,500 |