The@hubert A Ritchie Foundation
- Assets
- $3.7m
- Revenue
- $126.6k
- Investments
- $3.7m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 54-6481375
Organization Overview
The@hubert A Ritchie Foundation is located in Greensboro, NC. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. The@hubert A Ritchie 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 12/2022, The@hubert A Ritchie Foundation generated $126.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $323.1k during the year ending 12/2022. While expenses have increased by 11.3% 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 2016, The@hubert A Ritchie Foundation has awarded 61 individual grants totaling $1,316,600. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Timmy L Ervin Co-Trustee | 0 | $16,200 | |
Mr Donald Menius Co-Trustee | 0 | $16,200 | |
Name Not Listed Co-Trustee | 0 | $30,981 | |
Mr Mark Menius Co-Trustee | 0 | $12,000 | |
Mrs Nicole Plummer Co-Trustee | 0 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,072 |
| Dividends & Interest | $118,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,817 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,954 |
| Total Revenue | $126,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,381 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,910 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $92,091 |
| Contributions, gifts, grants paid | $231,000 |
| Total expenses and disbursements | $323,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,762 |
| 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 | $1,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,749,824 |
| 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, The@hubert A Ritchie Foundation has awarded $231,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
HAPPY FARM INC PURPOSE: ASST COOLING SYS/CHILDREN CHRISTMAS | $29,000 |
ASSI PURPOSE: BACK TO SCHOOL AND CHRISTMAS | $8,000 |
NEW BEGINNING COMMUNITY WORSHIP CTR PURPOSE: GIFT FOR GENERAL EXPENSES | $3,000 |
ST PAUL'S LUTHERAN CHURCH PURPOSE: SCHOLARSHIP FUND/CEMETARY FUND | $12,000 |
ST PAUL'S LUTHERAN CHURCH PURPOSE: THE HELPING HAND FUND | $7,000 |
CHRISTIANA LUTHERAN CHURCH PURPOSE: GIFTS FOR 2 SCHOLARSHIPS/CEMETARY FD | $7,000 |