The Richards Foundation Inc Fka Roy Richards Jr Fnd For Charitable Giv
- Assets
- $0.0
- Revenue
- $212.3k
- Investments
- $8.1m
- Employees
- 0
- Location
- Carrollton, GA
- Founding
- 06/1991
- Data as of
- 12/2020
- EIN
- 58-1933598
Organization Overview
The Richards Foundation Inc Fka Roy Richards Jr Fnd For Charitable Giv is located in Carrollton, GA. The organization was established in 1991. 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. Richards Foundation Inc Fka Roy Richards Jr Fnd For Charitable Giv 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, Richards Foundation Inc Fka Roy Richards Jr Fnd For Charitable Giv generated $212.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richards Foundation Inc Fka Roy Richards Jr Fnd For Charitable Giv has awarded 175 individual grants totaling $12,287,869. 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 |
|---|---|---|---|
Roy Richards Jr Director | 2 | $0 | |
Judy Windom Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $106,740 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,721 |
| Total Revenue | $212,266 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $330,649 |
| Contributions, gifts, grants paid | $2,400,333 |
| Total expenses and disbursements | $2,730,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,262 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,045,239 |
| Other assets | $3,356,847 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Richards Foundation Inc Fka Roy Richards Jr Fnd For Charitable Giv has awarded $1,669,055 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL COMMUNITY FOUNDATION OF SC PURPOSE: GENERAL OPERATIONS | $270,000 |
New York, NY PURPOSE: GENERAL OPERATIONS | $175,000 |
JOURNALISM FUNDING PARTNERS PURPOSE: GENERAL OPERATIONS | $155,555 |
Asheville, NC PURPOSE: GENERAL OPERATIONS | $120,000 |
UNIVERSITY OF VIRGINIA PURPOSE: GENERAL OPERATIONS | $100,000 |
Washington, DC PURPOSE: GENERAL OPERATIONS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |