Richards Family Foundation Inc
- Assets
- $11.0m
- Revenue
- $309.6k
- Investments
- $9.8m
- Employees
- 0
- Location
- Evans, GA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 58-2238827
Organization Overview
Richards Family Foundation Inc is located in Evans, GA. The organization was established in 1997. 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 Family 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 12/2022, Richards Family Foundation Inc generated $309.6k 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 (4.1%) each year. All expenses for the organization totaled $259.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richards Family Foundation Inc has awarded 291 individual grants totaling $2,375,206. 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 |
|---|---|---|---|
Dr John W Richards Jr President | 0 | $0 | |
Charles F Richards Board Member | 0 | $0 | |
John W Richards III Vice President | 0 | $0 | |
Alana M Richards Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $61,396 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $358,669 |
| Capital Gain Net Income | $358,669 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$110,484 |
| Total Revenue | $309,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,998 |
| Contributions, gifts, grants paid | $252,435 |
| Total expenses and disbursements | $259,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $212,611 |
| 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 | $973,095 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,217,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,003,054 |
| 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, Richards Family Foundation Inc has awarded $252,435 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED AFRICAN PURPOSE: SUPPORT COMMUNITY ORGANIZATION | $53,000 |
CHILD ENRICHMENT PURPOSE: SUPPORT COMMUNITY ORGANIZATION | $25,360 |
CENTER FOR STUDY OF TOBACCO PURPOSE: SUPPORT COMMUNITY ORGANIZATION | $25,000 |
AUGUSTA DREAM CENTER PURPOSE: SUPPORT COMMUNITY ORGANIZATION | $15,000 |
JUDICIAL WATCH PURPOSE: SUPPORT COMMUNITY ORGANIZATION | $10,000 |
OUTREACH PURPOSE: SUPPORT COMMUNITY ORGANIZATION | $10,000 |