Richardson Improvement Corporation

Organization Overview

Richardson Improvement Corporation is located in Richardson, TX. The organization was established in 2003. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richardson Improvement Corporation 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 09/2023, Richardson Improvement Corporation generated $740.0 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 (45.6%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST THE CITY OF RICHARDSON, TEXAS WITH ACQUIRING, ESTABLISHING, IMPROVING AND MAINTAINING PUBLIC PARKS AND OPEN SPACE AND COMMUNITY RECREATIONAL FACILITIES FOR THE BENEFIT OF THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WRITING AND SUBMITTING OF MAJOR GRANT REQUESTS FOR THE CITY OF RICHARDSON'S PARKS AND RECREATION DEPARTMENT FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President
$0
Name Not Listed
Vice President
$0
Name Not Listed
Secretary/treasurer (until 6/2023)
$0
Name Not Listed
Secretary/treasurer (begin 6/2023)
$0
Name Not Listed
Former President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $740

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