Riff Foundation
- Assets
- $32.2m
- Revenue
- $12.4m
- Investments
- $31.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-5214407
Organization Overview
Riff Foundation is located in Boston, MA. 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. Riff 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 12/2023, Riff Foundation generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $7.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Riff Foundation has awarded 79 individual grants totaling $12,576,000. 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 |
|---|---|---|---|
Nancy Vinal President | 3 | $0 | |
Pamela Kohlberg Treasurer | 3 | $0 | |
Samuel Vinal Secretary | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luke Newton | 12/30/22 | $133,000 |
Mijo Consulting Llc | 12/30/22 | $97,692 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,686,293 |
| Interest on Savings | $52,541 |
| Dividends & Interest | $606,846 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,338 |
| Capital Gain Net Income | $69,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,415,018 |
| 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 | $690 |
| Travel, conferences, and meetings | $1,100 |
| Printing and publications | $0 |
| Other expenses | $55,543 |
| Total operating and administrative expenses | $509,433 |
| Contributions, gifts, grants paid | $7,176,000 |
| Total expenses and disbursements | $7,685,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,569 |
| 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 | $19,742 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,142,708 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $132,732 |
| Total assets | $32,203,689 |
| Accounts payable and accrued expenses | $5,033 |
| 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 | $34,660 |
| Total liabilities | $39,693 |
Grants Awarded
Over the last fiscal year, Riff Foundation has awarded $7,176,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LOVE ME WITHOUT LIMITED 4 LIFE PURPOSE: GENERAL SUPPORT | $20,000 |
LAWYERS FOR GOOD GOVERNMENT INC PURPOSE: GENERAL SUPPORT | $20,000 |
AMALGAMATED CHARITABLE FOUNDATION PURPOSE: GENERAL SUPPORT | $7,136,000 |