Richard Riney Family Foundation
- Assets
- $32.0m
- Revenue
- $824.0k
- Investments
- $29.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-3411673
Organization Overview
Richard Riney Family Foundation is located in New York, NY. The organization was established in 2018. 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. Richard Riney 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 12/2023, Richard Riney Family Foundation generated $824.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Richard Riney Family Foundation has awarded 64 individual grants totaling $9,620,111. 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 |
|---|---|---|---|
Richard Riney President | 3 | $0 | |
Randy Ables Secretary | 3 | $0 | |
Paul Anderson Board Of Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119,163 |
| Dividends & Interest | $574,919 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $129,946 |
| Total Revenue | $824,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,995 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $112,565 |
| Contributions, gifts, grants paid | $1,986,225 |
| Total expenses and disbursements | $2,098,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,066,177 |
| 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 | $5,065,024 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $32,045,172 |
| 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 | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $50,000 |
Grants Awarded
Over the last fiscal year, Richard Riney Family Foundation has awarded $1,986,225 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $15,000 |
CITY OF LADUE FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $20,000 |
CITY OF LADUE POLICE DEPARTMENT PURPOSE: GENERAL SUPPORT | $30,000 |
CORNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $1,000,000 |
LITTLE BIT FOUNDATION PURPOSE: GENERAL SUPPORT | $175,000 |
MARY INSTITUTE AND SAINT LOUIS COUNTRY DAY SCHOOL PURPOSE: GENERAL SUPPORT | $446,225 |