Ritz Family Foundation
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $2.5m
- Employees
- 0
- Location
- Tualatin, OR
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 93-1248019
Organization Overview
Ritz Family Foundation is located in Tualatin, OR. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ritz 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 06/2022, Ritz Family Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.9% each year . All expenses for the organization totaled $100.8k during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 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.
Since 2016, Ritz Family Foundation has awarded 92 individual grants totaling $809,083. 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 |
|---|---|---|---|
Henry P Ritz President | 4 | $0 | |
Kelly L Ritz Secretary | 1 | $0 | |
Trudy E Ritz Director | 1 | $0 | |
Eric P Ritz Director | 1 | $0 | |
Kimber Lee Ritz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,048,527 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,883 |
| Capital Gain Net Income | $36,883 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,743 |
| Total Revenue | $2,127,988 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $917 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,377 |
| Total operating and administrative expenses | $4,774 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $100,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $260,982 |
| 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 | $2,717,893 |
| 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, Ritz Family Foundation has awarded $222,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PORTLAND ART MUSEUM PURPOSE: FINANCIAL SUPPORT FOR ANNUAL GALA | $25,000 |
TRANSITIONAL YOUTH PURPOSE: FINANCIAL SUPPORT FOR OUTREACH AND SUPPORT OF LOCAL HOMELESS YOUTH | $15,000 |
CHESS FOR SUCCESS PURPOSE: FINANCIAL SUPPORT FOR TEACHING CHILDREN THE GAME OF CHESS | $5,000 |
HILLSBORO COMMUNITY FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR OPERATING BUDGET | $5,000 |
MEALS ON WHEELS PURPOSE: FINANCIAL SUPPORT FOR GENERAL OPERATING PURPOSES | $5,000 |
YOUTH VILLAGES OREGON PURPOSE: FINANCIAL SUPPORT TO STRENGTHEN FAMILIES IN THE COMMUNITY | $15,000 |