The Riordan Foundation
- Assets
- $14.5m
- Revenue
- $2.1m
- Investments
- $8.2m
- Employees
- 0
- Location
- South Pasadena, CA
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 95-4240189
Organization Overview
The Riordan Foundation is located in South Pasadena, CA. The organization was established in 1994. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, 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. Riordan 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, Riordan Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Riordan Foundation has awarded 40 individual grants totaling $2,854,225. 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
TO PROVIDE ALL STUDENTS, ESPECIALLY THOSE IN LOW-INCOME COMMUNITIES WITH ACCESS TO A HIGH-QUALITY EDUCATION TO PREPARE THEM TO COMPETE SUCCESSFULLY IN THE 21ST CENTURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROGRAMS WHICH SUPPORT STUDENTS IN LOW-INCOME COMMUNITIES AND IMPROVE NURSING CARE IN THOSE COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Riordan Founder & President | OfficerTrustee | 1 | $0 |
Carl W Mckinzie ESQ Director | Trustee | 1 | $0 |
William Ouchi Director | Trustee | 1 | $0 |
Mary Odell Chair/director | OfficerTrustee | 1 | $0 |
Elizabeth G Riordan Director/secretary | OfficerTrustee | 1 | $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 | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $198,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,838,775 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,136,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $856,269 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,591 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,562 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $750 |
| All other expenses | $200,000 |
| Total functional expenses | $1,259,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,955,316 |
| 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 | $0 |
| Investments—publicly traded securities | $4,275,377 |
| Investments—other securities | $8,233,705 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,464,398 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $14,464,398 |
| Total liabilities and net assets/fund balances | $14,464,398 |
Grants Awarded
Over the last fiscal year, The Riordan Foundation has awarded $834,691 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
LOYOLA MARYMOUNT UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
SCS NOONAN SCHOLARS PURPOSE: GENERAL CHARITABLE PURPOSES | $150,000 |
UCLA FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $150,000 |
ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
HARVARD WESTLAKE SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
INTERNATIONAL MEDICAL CORPS PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |