Richard N Funkhouser Foundation Inc
- Assets
- $1.4m
- Revenue
- $14.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Smithsburg, MD
- Founding
- 03/1998
- Data as of
- 05/2023
- EIN
- 52-6825144
Organization Overview
Richard N Funkhouser Foundation Inc is located in Smithsburg, MD. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard N Funkhouser 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 05/2023, Richard N Funkhouser Foundation Inc generated $14.8k 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 (14.8%) each year. All expenses for the organization totaled $105.0k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard N Funkhouser Foundation Inc has awarded 392 individual grants totaling $855,182. 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.
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 |
|---|---|---|---|
Edward A Fielden Trustee | 2 | $12,000 | |
Jerry B Bullington Director | 0.5 | $0 | |
Susan Clutz Director | 0.5 | $0 | |
Lieba Cohen Director | 0.5 | $0 | |
Kenneth Long Director | 0.5 | $0 | |
William F Fritts II Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,176 |
| Dividends & Interest | $37,497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,836 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,819 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,209 |
| Total operating and administrative expenses | $34,643 |
| Contributions, gifts, grants paid | $70,325 |
| Total expenses and disbursements | $104,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,585 |
| 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 | $221,314 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,376 |
| Total assets | $1,376,988 |
| 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, Richard N Funkhouser Foundation Inc has awarded $70,325 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA COUNCIL PURPOSE: GENERAL FUNDS | $2,500 |
ASPIRING TO SERVE INC PURPOSE: GENERAL FUNDS | $2,000 |
BROOK LANE HEALTH SERVICES INC PURPOSE: GENERAL FUNDS | $1,000 |
BROOKE'S HOUSE PURPOSE: GENERAL FUNDS | $3,000 |
CASA INC PURPOSE: GENERAL FUNDS | $1,500 |
CHILDREN IN NEED INC PURPOSE: GENERAL FUNDS | $2,000 |