Ricochet Foundation
- Assets
- $860.6k
- Revenue
- $24.3k
- Investments
- $854.0k
- Employees
- 0
- Location
- Poulsbo, WA
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 82-3740581
Organization Overview
Ricochet Foundation is located in Poulsbo, WA. The organization was established in 2019. 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. Ricochet 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, Ricochet Foundation generated $24.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $54.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ricochet Foundation has awarded 58 individual grants totaling $166,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $31,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,040 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,282 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,407 |
| Total operating and administrative expenses | $6,032 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $54,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,680 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $860,644 |
| 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, Ricochet Foundation has awarded $48,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FARMLAND TRUST PURPOSE: GENERAL FUND | $1,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL FUND | $5,000 |
DROPPING DIMES FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
BAINBRIDGE PERFORMING ARTS PURPOSE: GENERAL FUND | $1,000 |
FISHLINE PURPOSE: GENERAL FUND | $500 |
FOOD LIFELINE PURPOSE: GENERAL FUND | $1,000 |