Riverhead Building Supply Charitable Foundation Inc
- Assets
- $1.9m
- Revenue
- $35.5k
- Investments
- $782.1k
- Employees
- 0
- Location
- Calverton, NY
- Founding
- 04/2016
- Data as of
- 12/2022
- 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 12/2022, Riverhead Building Supply Charitable Foundation Inc generated $35.5k 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 (43.1%) each year. All expenses for the organization totaled $204.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Riverhead Building Supply Charitable Foundation Inc has awarded 50 individual grants totaling $2,013,303. 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 | |
Russell Goodale Vice-President | 3 | $0 | |
Laura Goodale Sectretary | 3 | $0 | |
Tracy G Kappenberg Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $1,652 |
| Dividends & Interest | $9,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,981 |
| Capital Gain Net Income | $21,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,506 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $85 |
| Taxes | $1,492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,991 |
| Total operating and administrative expenses | $20,356 |
| Contributions, gifts, grants paid | $184,000 |
| Total expenses and disbursements | $204,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,112,013 |
| 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 | $272,512 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,894,154 |
| Accounts payable and accrued expenses | $12,000 |
| 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 | $12,000 |
Grants Awarded
Over the last fiscal year, Riverhead Building Supply Charitable Foundation Inc has awarded $184,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EAST END ARTS & HUMANITIES COUNCIL 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. | $10,000 |
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. | $125,000 |
ST CHARLES HOSPITAL FOUNDATION PURPOSE: TO HELP CONTINUE THE OVER 100 YEAR OLD MISSION TO PROVIDE CARE TO ALL THOSE IN NEED, AND TO HELP CAREGIVERS DELIVER THE HIGHEST QUALITY OF HEALTH CARE AND SERVICES TO THE COMMUNITY. | $20,000 |
MLK JR BREAKFAST PURPOSE: TO HELP CONTINUE DR. KING'S LEGACY AND MESSAGE OF FIGHTING FOR EQUALITY AND JUSTICE FOR ALL, AND TO HONOR THE VERY BEST OF SUFFOLK COUNTY WHO HAVE EXPEMPLIFIED DR. KING'S IDEALS AND MESSAGE. | $9,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: TO HELP CURE CYSTIC FIBROSIS AND TO PROVIDE ALL PEOPLE WITH CF THE OPPORTUNITY TO LEAD LONG, FULFILLING LIVES BY FUNDING RESEARCH AND DRUG DEVELOPMENT, PARTNERING WITH THE CF COMMUNITY, AND ADVANCING HIGH-QUALITY, SPECIALIZED CARE. | $10,000 |