Walter Alan Richards Foundation Inc
- Assets
- $1.4m
- Revenue
- $23.8k
- Investments
- $1.3m
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 03/1958
- Data as of
- 12/2023
- EIN
- 58-6035136
Organization Overview
Walter Alan Richards Foundation Inc is located in Columbus, GA. The organization was established in 1958. 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. Walter Alan Richards 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 12/2023, Walter Alan Richards Foundation Inc generated $23.8k 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 (15.2%) each year. All expenses for the organization totaled $4.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (41.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Walter Alan Richards Foundation Inc has awarded 78 individual grants totaling $576,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Barrett Feighner Vice President | 1 | $0 | |
Mr J W Feighner Jr President | 1 | $0 | |
Miss Ann Howard Director | 1 | $0 | |
Mr Stephen M Howard Secretary/treasurer | 1 | $0 | |
Ms Celia G Page Assistant Secretary/treasu | 1 | $0 | |
Mr Alan F Rothschild Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $23,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,633 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141 |
| Total operating and administrative expenses | $4,762 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,347 |
| Savings and temporary cash investments | $56,973 |
| 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 | $516,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,360,669 |
| 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, Walter Alan Richards Foundation Inc has awarded $203,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKSTONE SCHOOL PURPOSE: GENERAL USE OF DONEE | $7,000 |
COLUMBUS BOTANICAL GARDENS PURPOSE: GENERAL USE OF DONEE | $2,500 |
COLUMBUS MUSEUM PURPOSE: EDUCATION DEPARTMENT | $4,000 |
COLUMBUS STATE UNIVERSITY PURPOSE: MATH COLLABORATIVE AND HONORS COLLEGE SCHOLARSHIP | $43,000 |
COLUMBUS SYMPHONY ORCHESTRA PURPOSE: EDUCATION | $3,000 |
COLUMBUS TECHNICAL COLLEGE FOUNDATION INC PURPOSE: STUDENT SUCCESS FUND | $7,500 |