Ripple Fund
- Assets
- $341.8k
- Revenue
- $330.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 12/2023
- 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 12/2023, Ripple Fund generated $330.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $299.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES SUPPORT IN THE FORM OF CHARITABLE DONATIONS TO A WIDE RANGE OF NONPROFITS, MOSTLY IN THE COASTAL AREAS OF SOUTH CAROLINA, FOR THE PURPOSE OF HELPING TO STRENGHEN AND IMPROVE THESE COMMUNITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $330,674 |
| 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 | $330,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $41,667 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,368 |
| Depreciation | $41,494 |
| Occupancy | $133,846 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,697 |
| Total operating and administrative expenses | $280,444 |
| Contributions, gifts, grants paid | $18,800 |
| Total expenses and disbursements | $299,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,759 |
| 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 | $215,663 |
| Other assets | $33,332 |
| Total assets | $341,754 |
| 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 | $2,147 |
| Total liabilities | $2,147 |
Grants Awarded
Over the last fiscal year, Ripple Fund has awarded $18,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COASTAL COMMUNITY FOUNDATION PURPOSE: TICKETS FOR FUNDRAISER | $10,000 |
EMPOWERED MINDS PURPOSE: SUPPLEMENT FOR YOGA TEACHER SALARIES WORKING IN TITLE 1 SCHOOLS | $3,000 |
THE GREEN HEART PROJECT PURPOSE: ANNUAL DONATION OF FUND MISSION OF PROVIDING COMMUNITY GARDENS AND FRESH FRUIT AND VEGETABLES FOR LOCAL NEIGHBORHOODS | $5,000 |
MAD PARK PURPOSE: ANNUAL DONATION | $800 |