Riverhead Building Supply Charitable Foundation Inc
- Assets
- $2.1m
- Revenue
- $576.4k
- Investments
- $756.3k
- Employees
- 0
- Location
- Calverton, NY
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-0732459
Organization Overview
Riverhead Building Supply Charitable Foundation Inc is located in Calverton, NY. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Riverhead Building Supply Charitable 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 12/2021, Riverhead Building Supply Charitable Foundation Inc generated $576.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $90.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Riverhead Building Supply Charitable Foundation Inc has awarded 43 individual grants totaling $1,829,303. 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 |
|---|---|---|---|
Edgar Goodale President | 3 | $0 | |
Laura Goodale Sectretary | 3 | $0 | |
Russell Goodale Vice-President | 3 | $0 | |
Tracy G Kappenberg Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $505,000 |
| Interest on Savings | $1,616 |
| Dividends & Interest | $13,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,829 |
| Capital Gain Net Income | $55,829 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $576,387 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $13,290 |
| Contributions, gifts, grants paid | $77,500 |
| Total expenses and disbursements | $90,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,296,535 |
| Savings and temporary cash investments | $0 |
| 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 | $244,094 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,052,858 |
| Accounts payable and accrued expenses | $6,000 |
| 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 | $6,000 |
Grants Awarded
Over the last fiscal year, Riverhead Building Supply Charitable Foundation Inc has awarded $77,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Montauk, NY PURPOSE: TO COLLECT, RESTORE, PRESERVE AND DISPLAY HISTORICALLY SIGNIFICANT BUILDINGS, OBJECTS AND WRITINGS AND TO PRESERVE THE HISTORY AND CULTURES OF MONTAUK FOR THIS AND FUTURE GENERATIONS. | $25,000 |
Riverhead, NY PURPOSE: BUILD A PLACE WHERE TROUBLED KIDS COULD LIVE, BE LOVED, FEEL SAFE, AND HAVE WIDE OPEN SPACES TO RIDE HORSES. | $22,500 |
GLORIA GEMMA BREAST CANCER PURPOSE: TO CELEBRATE AND NURTURE LIFE IN OUR LOCAL COMMUNITY BEFORE, DURING AND AFTER A CANCER DIAGNOSIS BY PROVIDING EDUCATION, ACCESS TO WELLNESS RESOURCES AND SUPPORT PROGRAMS TO ALL THOSE TOUCHED BY CANCER. | $7,500 |
HABITAT FOR HUMANITY OF SUFFOLK INC PURPOSE: TO WORK IN PARTNERSHIP WITH THOUSANDS OF SUFFOLK COUNTY VOLUNTEERS AND RESPONSIBLE, LOW-MODERATE INCOME FAMILIES OF ALL RACES, RELIGIONS, AND CREEDS TO BUILD AND RENOVATE HOMES SO THAT THERE ARE DECENT HOUSES IN DECENT COMMUNITIES IN WHICH PEOPLE CAN LIVE AND GROW. | $5,000 |
West Sayville, NY PURPOSE: TO PROVIDE UNIQUE SUPPORT GROUPS TO INDIVIDUALS AND FAMILIES STRUGGLING IN THE AFTERMATH OF TRAUMATIC LOSS SO THAT THEY CAN GRIEVE AT THEIR OWN PACE | $5,000 |
riverhead, NY PURPOSE: TO EVERYONE AND INSPIRES THEIR COMMUNITIES THROUGH SUPPORT, ADVOCACY AND EDUCATION. THE EAST END ARTS COUNCIL PROVIDES LEADERSHIP FOR THE CULTURAL DEVELOPMENT OF THE FIVE "EAST END" TOWNS OF LONG ISLAND. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Magaro Family Foundation Inc Danbury, CT | $30,477,702 | $229,929 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |
Montshire Museum Of Science Norwich, VT | $18,203,770 | $4,178,719 |