Riggs Benevolent Fund
- Assets
- $15.4m
- Revenue
- $8.7m
- Investments
- $10.7m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 05/1963
- Data as of
- 12/2021
- EIN
- 71-6050130
Organization Overview
Riggs Benevolent Fund is located in Little Rock, AR. The organization was established in 1963. 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. Riggs Benevolent Fund 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 12/2021, Riggs Benevolent Fund generated $8.7m in total revenue. All expenses for the organization totaled $560.4k during the year ending 12/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geroge A Cress Trustee | 0 | $0 | |
Edwin Keith Riggs Trustee | 0 | $0 | |
John Arthur Riggs V Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,453,886 |
| Interest on Savings | $1 |
| Dividends & Interest | $187,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,056,212 |
| Capital Gain Net Income | $1,056,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89 |
| Total Revenue | $8,697,730 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,818 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,000 |
| Total operating and administrative expenses | $92,485 |
| Contributions, gifts, grants paid | $467,900 |
| Total expenses and disbursements | $560,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,732 |
| Savings and temporary cash investments | $4,072,694 |
| 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 | $4,058,780 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,430,324 |
| 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 |
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|---|---|---|
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Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |