Ryan-Richtsmeier Charitable Foundation Inc
- Assets
- $4.1m
- Revenue
- $183.8k
- Investments
- $3.9m
- Employees
- 0
- Location
- State College, PA
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-1092931
Organization Overview
Ryan-Richtsmeier Charitable Foundation Inc is located in State College, PA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ryan-Richtsmeier 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, Ryan-Richtsmeier Charitable Foundation Inc generated $183.8k 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 (31.8%) each year. All expenses for the organization totaled $588.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ryan-Richtsmeier Charitable Foundation Inc has awarded 53 individual grants totaling $1,531,050. 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 |
|---|---|---|---|
William F Ryan Director | 2 | $0 | |
Joan Richtsmeier Director | 0.5 | $0 | |
Hannah Ryan Director | 0.25 | $0 | |
Lucien Ryan Director | 0.25 | $0 | |
Faith Ryan Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,686 |
| Interest on Savings | $13,737 |
| Dividends & Interest | $73,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,012 |
| Capital Gain Net Income | $76,012 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,850 |
| Total Revenue | $183,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,951 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,425 |
| Total operating and administrative expenses | $48,735 |
| Contributions, gifts, grants paid | $540,000 |
| Total expenses and disbursements | $588,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,050 |
| 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 | $1,734,976 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,075,318 |
| 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 |
Grants Awarded
Over the last fiscal year, Ryan-Richtsmeier Charitable Foundation Inc has awarded $540,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION INC PURPOSE: TO ALLOW THE SCHOOL TO CONTINUE TO ATTRACT TALENTED STUDENTS, STAFF AND FACULTY. WALLACE PATILLO REED DISTINGUISHED GRADUATE FELLOWSHIP CURRENT-USE FUND COLLEGE OF COMP, MATH AND NATURAL SCIENCE. | $120,000 |
UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION INC PURPOSE: TO ALLOW THE SCHOOL TO CONTINUE TO ATTRACT TALENTED STUDENTS, STAFF AND FACULTY. WALLACE PATILLO REED DISTINGUISHED GRADUATE FELLOWSHIP CURRENT-USE FUND COLLEGE OF COMP, MATH AND NATURAL SCIENCE. | $50,000 |
TALBOT INTERFAITH SHELTER INC PURPOSE: TO HELP PROVIDE SHELTER, STABILITY, SUPPORT, AND PATH TO SUCCESS FOR FAMILIES. | $40,000 |
NEIGHBORHOOD SERVICE CENTER INC PURPOSE: TO PROVIDE SERVICES AND ASSISTANCE TO INDIVIDUALS WHO RESIDE IN TALBOT COUNTY AND, ESPECIALLY, WHO DO NOT QUALIFY FOR STATE AND FEDERALLY FUNDED PROGRAMS. | $8,000 |
MID-SHORE COMMUNITY FOUNDATION PURPOSE: FOR THE LEAH THORNTON LOZANO FUND FOR TEACHER ADVANCEMENT, A COMPONENT FUND OF THE MID-SHORE COMMUNITY FOUNDATION. | $40,000 |
HOUSING TRANSITIONS PURPOSE: TO HELP END HOMELESSNESS IN CENTRE COUNTY, PENNSYLVANIA. | $3,000 |