Richmond-Ermet Foundation
- Assets
- $151.7k
- Revenue
- $330.7k
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 94-3232222
Organization Overview
Richmond-Ermet Foundation is located in San Francisco, CA. The organization was established in 1995. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond-Ermet 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, Richmond-Ermet Foundation generated $330.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $325.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richmond-Ermet Foundation has awarded 33 individual grants totaling $742,794. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE RICHMOND/ERMET AID FOUNDATION (REAF) IS A NON-PROFIT 501(C)(3) ARTS/HEALTH ORGANIZATION DEDICATED TO RAISING FUNDS FOR AIDS SERVICES, HUNGER PROGRAMS AND PROGRAMS FOR UNDERSERVED YOUTH IN THE BAY AREA THROUGH THE PRODUCTION OF QUALITY ENTERTAINMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICHMOND/ERMET AID FOUNDATION (REAF) IS A NON-PROFIT ORGANIZATION DEDICATED TO RAISING FUNDS FOR HIV/AIDS SERVICES, HUNGER PROGRAMS AND PROGRAMS FOR UNDERSERVED YOUTH IN THE SAN FRANCISCO BAY AREA. FUNDING CUTS TO HIV/AIDS SERVICES ARE ON THE RISE. OUR MISSION IS TO RAISE FUNDS THROUGH QUALITY ENTERTAINMENT EVENTS TO HELP FILL THAT FUNDING GAP TO ENSURE LIFE-SUSTAINING SERVICES CONTINUE TO BE AVAILABLE FOR THE THOUSANDS OF MEN, WOMEN AND CHILDREN LIVING WITH OR AT RISK OF HIV/AIDS.DUE TO INCREASING NEED FOR SUPPORT, WE HAVE EXPANDED OUR SCOPE TO SUPPORT HUNGER PROGRAMS AND PROGRAMS FOR HOMELESS AND UNDER SERVED YOUTH IN THE SAN FRANCISCO BAY AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Henderson Executive Direc | Officer | 40 | $60,000 |
Patrick Gallineaux Director | Trustee | 6 | $0 |
Cameron Stiehl Director | Trustee | 6 | $0 |
Sophie Azoaou Director | Trustee | 6 | $0 |
Kathleen Brennen Human Resources | Trustee | 6 | $0 |
Gary Thackeray Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,534 |
| Total Program Service Revenue | $0 |
| Investment income | $162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,250 |
| Grants and other assistance to domestic individuals. | $33,421 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,702 |
| Fees for services: Management | $8,020 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,639 |
| Advertising and promotion | $4,742 |
| Office expenses | $10,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,043 |
| Travel | $1,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $741 |
| All other expenses | $27,496 |
| Total functional expenses | $325,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $65 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,081 |
| Total assets | $151,737 |
| Accounts payable and accrued expenses | $2,624 |
| Grants payable | $25,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,832 |
| Total liabilities | $57,456 |
| Net assets without donor restrictions | $94,281 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $151,737 |
Grants Awarded
Over the last fiscal year, Richmond-Ermet Foundation has awarded $99,250 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL CITY SENIOR CENTER PURPOSE: SUPPORT PROGRAM | $22,600 |
DESERT AIDS PROJECT PURPOSE: AIDS SERVICES | $30,000 |
LETS KICK ASS PURPOSE: SUPPORT PROGRAM | $6,000 |
PROJECT OPEN HAND PURPOSE: SUPPORT PROGRAM | $16,145 |
DAVID GALLIGAN PURPOSE: SUPPORT PROGRAM | $6,255 |
SANCTUARY PALM SPRINGS PURPOSE: SUPPORT PROGRAM | $18,250 |