Ripple Fund
- Assets
- $474.8k
- Revenue
- $678.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2021
- EIN
- 83-0916106
Organization Overview
Ripple Fund is located in Charleston, SC. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripple Fund 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, Ripple Fund generated $678.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 74.3% each year . All expenses for the organization totaled $261.9k during the year ending 12/2021. While expenses have increased by 58.5% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT TO A WIDE RANGE OF NONPROFITS, MOSTLY IN THE COASTAL AREAS OF SOUTH CAROLINA, FOR THE PURPOSE OF HELPING TO STRENGTHEN AND IMPROVE THESE COMMUNITIES.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $678,195 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $678,195 |
| 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 | $30,991 |
| Occupancy | $133,522 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,114 |
| Total operating and administrative expenses | $261,927 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $261,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,077 |
| 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 | $0 |
| Net Land, buildings, and equipment | $311,562 |
| Other assets | $39,170 |
| Total assets | $474,809 |
| 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 | $2,446 |
| Total liabilities | $2,446 |
Grants Awarded
Over the last fiscal year, Ripple Fund has awarded $8,726 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TURNING LEAF PROJECT PURPOSE: DONATION FOR SCREEN PRINTING EQUIPMENT | $6,976 |
BREAD & BUTTER PURPOSE: CULINARY PROGRAMS | $1,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cotton Incorporated Cary, NC | $22,712,180 | $76,215,846 |
City Of Florence Public Facilities Corporation Florence, SC | $18,928,313 | $2,366,985 |
Lsa Management Inc Salisbury, NC | $180,015,049 | $10,600,308 |
Pcmh Management Inc Greenville, NC | $44,108,971 | $7,088,400 |
Georgia Center For Nonprofits Inc Atlanta, GA | $2,336,696 | $2,873,224 |
Society For Human Resource Mangement Shrm-Atlanta Inc Atlanta, GA | $1,469,118 | $1,192,778 |
Steel Joist Institute Florence, SC | $1,092,464 | $970,121 |
Iredell County Economic Development Corporation Mooresville, NC | $980,582 | $959,388 |
Wuerffel Foundation Inc Atlanta, GA | $512,313 | $814,052 |
North Carolina Society Human Resources Managemt State Council Broadway, NC | $314,173 | $357,941 |
Ripple Fund Charleston, SC | $474,809 | $678,195 |
Georgia Education Foundation Inc Atlanta, GA | $94,884 | $251,306 |