Faye And Mike Richardson Family Foundation
- Assets
- $3.5m
- Revenue
- $138.8k
- Investments
- $3.2m
- Employees
- 0
- Location
- Old Lyme, CT
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4067604
Organization Overview
Faye And Mike Richardson Family Foundation is located in Old Lyme, CT. The organization was established in 2017. 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. Faye And Mike Richardson Family 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 12/2022, Faye And Mike Richardson Family Foundation generated $138.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $306.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Faye And Mike Richardson Family Foundation has awarded 24 individual grants totaling $1,224,493. 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 |
|---|---|---|---|
J Michael Richardson Trustee | 2 | $0 | |
Faye Richardson Trustee | 2 | $0 | |
Peter Richardson Trustee | 1 | $0 | |
Thomas Richardson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,879 |
| Dividends & Interest | $100,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,268 |
| Capital Gain Net Income | $15,268 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,965 |
| Total operating and administrative expenses | $45,815 |
| Contributions, gifts, grants paid | $260,341 |
| Total expenses and disbursements | $306,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $352,479 |
| 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 | $2,363,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,538,756 |
| 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, Faye And Mike Richardson Family Foundation has awarded $260,341 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AFOSA PURPOSE: CONTINUATION OF OUR LONG-TERM COMMUNITY DEVELOPMENT PROJECT IN SIERRA DEL LACANDON NATIONAL PARK IN PETEN, GUATEMALA. | $225,341 |
KIND PURPOSE: PROGRAM TO HELP PREVENT CHILDREN IN POOR COMMUNITIES IN RURAL GUATEMALA FROM ILLEGAL MIGRATION TO THE UNITED STATES. | $30,000 |
NEW ENGLAND SCIENCE AND SAILING PURPOSE: PROVIDE MARINE SCIENCE AND EXPERIENCE FOR UNDERPRIVILEGED CHILDREN IN SOUTH EASTERN CT. | $5,000 |