Ryobi Foundation
- Assets
- $291.6m
- Revenue
- $1.9m
- Investments
- $46.1m
- Employees
- 0
- Location
- Carbondale, CO
- Founding
- 12/1988
- Data as of
- 12/2023
- EIN
- 74-2517850
Organization Overview
Ryobi Foundation is located in Carbondale, CO. The organization was established in 1988. 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. Ryobi 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 12/2023, Ryobi Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara J Hapgood CEO | 40 | $309,000 | |
James T Bohart Jr Treasurer | 15 | $35,000 | |
Matt Hapgood Board Member | 20 | $20,000 | |
Holly Bohart Board Member | 15 | $20,000 | |
Melissa T English Powers Art Center Di | 40 | $103,958 | |
Sonya Taylor Moore Director Of Educatio | 40 | $84,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fuse Architecture Interior | 12/30/23 | $768,458 |
Aros Llc | 12/30/23 | $146,648 |
Bessemer Trust Co Na | 12/30/23 | $191,342 |
Johnson Controls Fire Protection Lp | 12/30/23 | $86,181 |
Humble Bear Landcrafting Llc | 12/30/23 | $55,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,805 |
| Interest on Savings | $196,905 |
| Dividends & Interest | $618,315 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,106,535 |
| Capital Gain Net Income | $1,106,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,090 |
| Total Revenue | $1,944,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $384,000 |
| Other employee salaries and wages | $309,229 |
| Pension plans, employee benefits | $97,014 |
| Interest | $0 |
| Taxes | $28,334 |
| Depreciation | $355,056 |
| Occupancy | $86,320 |
| Travel, conferences, and meetings | $50,002 |
| Printing and publications | $4,487 |
| Other expenses | $623,068 |
| Total operating and administrative expenses | $2,170,877 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,170,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,079 |
| Savings and temporary cash investments | $3,972,254 |
| 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 | $834,358 |
| Net Land, buildings, and equipment | $13,816,464 |
| Other assets | $227,727,225 |
| Total assets | $291,605,120 |
| Accounts payable and accrued expenses | $4,870 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,747,002 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,751,872 |