Ringen Fund Inc
- Assets
- $4.3m
- Revenue
- $141.7k
- Investments
- $3.7m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 12/2023
- EIN
- 86-1387407
Organization Overview
Ringen Fund Inc is located in Philadelphia, PA. 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. Ringen Fund Inc 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, Ringen Fund Inc generated $141.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (68.6%) each year. All expenses for the organization totaled $400.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Ringen Fund Inc has awarded 26 individual grants totaling $489,900. 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 |
|---|---|---|---|
Mary Latham Galeti President | 5 | $0 | |
Alexander S Taylor Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $119,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,873 |
| Capital Gain Net Income | $12,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,722 |
| Total Revenue | $141,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,903 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,650 |
| Total operating and administrative expenses | $40,085 |
| Contributions, gifts, grants paid | $360,000 |
| Total expenses and disbursements | $400,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,446 |
| 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 | $3,665,502 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,282,948 |
| 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, Ringen Fund Inc has awarded $360,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY LIFE COLLABORATIVE PURPOSE: FUNDRAISING CONSULTANT | $10,000 |
GIVING BACK FUND PURPOSE: UNRESTRICTED GRANT FOR | $25,000 |
THE LAND CLE PURPOSE: UNRESTRICTED | $10,000 |
CHAGRIN FALLS HISTORICAL SOCIETY PURPOSE: BARN & BLACKSMITH SHOP | $25,000 |
CAMBRIDGE IN AMERICA PURPOSE: SUPPORT JESSICA JOY ROSE | $20,000 |
CAMBRIDGE IN AMERICA PURPOSE: SUPPORT CPCCL INITIATIVE IN | $60,000 |