Rileys Way Foundation
- Assets
- $4.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Brooklyn, NY
- Founding
- 12/2014
- Data as of
- 12/2020
- 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 12/2021, Rileys Way Foundation employed 13 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 12/2020, Rileys Way Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $748.6k during the year ending 12/2020. While expenses have increased by 28.1% 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
2020
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 ANTICIPATES THAT IT WILL DEVELOP PROGRAMMING FOR THE PURPOSE OF EMPHASIZING THE VALUE OF KINDNESS AND EMPATHY AMONG CHILDREN IN ORDER TO CREATE A BROADER MOVEMENT OF CHANGED BEHAVIOR AND CHILDREN WORKING TOGETHER. THROUGH JULY 31, 2015, THE FOUNDATION WAS IN ITS START-UP PHASE AND WAS BUILDING RELATIONSHIPS WITH OTHER ENTITIES TO FULFILL THEIR MISSIONS. AS OF DECEMBER 31, 2016, THE FOUNDATION HAS CONTRACTS WITH FOUR SCHOOLS TO CARRY OUT THE PROGRAMS AND MISSION OF THE FOUNDATION. ONE OF THE PARTNER SCHOOLS HAS PILOTED THE RILEY'S WAY BOOK CLUB, A BOOK SERIES TO HELP ENGAGE STUDENTS TO DISCUSS VARIOUS POSITIVE CHARACTER TRAITS.
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 |
|---|---|---|---|
Christine O'connell Executive Director | Officer | 30 | $178,639 |
Ian Sandler Board Chair & Co-President | OfficerTrustee | 1 | $0 |
Mackenzie Sandler Co-President | OfficerTrustee | 1 | $0 |
Amy Bersh Secretary | OfficerTrustee | 1 | $0 |
Brian Potash Treasurer & Board Member | OfficerTrustee | 1 | $0 |
Scott Eisenberg Board Member | 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 | $1,767,776 |
| Noncash contributions included in lines 1a–1f | $889,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,767,776 |
| Total Program Service Revenue | $0 |
| Investment income | $4,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $265,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,037,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $151,884 |
| 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 | $409,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,497 |
| Payroll taxes | $31,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,899 |
| 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 | $41,628 |
| Advertising and promotion | $0 |
| Office expenses | $22,714 |
| Information technology | $5,460 |
| Royalties | $0 |
| Occupancy | $18,540 |
| 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 | $1,398 |
| All other expenses | $10,671 |
| Total functional expenses | $748,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,299,428 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $207,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,506,588 |
| 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 | $4,506,588 |
| 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 | $4,506,588 |
Grants Awarded
Over the last fiscal year, Rileys Way Foundation has awarded $46,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS | $24,000 |
New York, NY PURPOSE: TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Rileys Way Foundation has recieved totaling $43,484.
| Awarding Organization | Amount |
|---|---|
Timber Lake Foundation Glen Cove, NY PURPOSE: FUNDING FOR PROGRAMS | $25,000 |
The Rachel & Drew Katz Foundation Cherry Hill, NJ PURPOSE: CHARITABLE DONATION | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,347 |
Shippy Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |