Erics Ride Inc is located in Brooklyn, NY. The organization was established in 2017. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erics Ride 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, Erics Ride Inc generated $392.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $365.8k during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR MCLEAN HOSPITAL TO HELP ACCELERATE THE PROGRESS BEING MADE TO HELP THOSE WHO SUFFER FROM MENTAL ILLNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS THE RIDE FOR MENTAL HEALTH TO SUPPORT MCLEAN HOSPITAL, A HARVARD MEDICAL SCHOOL AFFILIATE, FOR THE EDUCATION, RESEARCH AND TREATMENT OF MENTAL ILLNESS, INCLUDING ANXIETY, BORDERLINE PERSONALITY DISORDER, DEPRESSION, EATING DISORDERS AND SUBSTANCE ABUSE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia K Dorris Secretary & Treasurer | Officer | 2 | $0 |
Malcolm S Dorris President & CEO | Officer | 5 | $0 |
R Monroe Dorris Vice President & COO | Officer | 5 | $0 |
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 | $117,002 |
Noncash contributions included in lines 1a–1f | $42,022 |
Total Revenue from Contributions, Gifts, Grants & Similar | $117,002 |
Total Program Service Revenue | $254,633 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $20,727 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $392,362 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $235,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $40,661 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,382 |
All other expenses | $1,171 |
Total functional expenses | $365,838 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,120 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $338 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $28,458 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $28,458 |
Total liabilities and net assets/fund balances | $28,458 |
Over the last fiscal year, we have identified 4 grants that Erics Ride Inc has recieved totaling $19,661.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,456 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,150 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,005 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
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Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Childrens Orthopaedic Surgery Foundation Inc Boston, MA | $150,881,893 | $69,430,775 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Boston Childrens Heart Foundation Boston, MA | $101,329,197 | $54,530,838 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Chmc Surgical Foundation Inc Boston, MA | $73,400,034 | $31,940,359 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |