Ring Foundation
- Assets
- $21.8k
- Revenue
- $341.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 95-4500900
Organization Overview
Ring Foundation is located in Los Angeles, CA. The organization was established in 1995. 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. Ring 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, Ring Foundation generated $341.3k 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 (9.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ring Foundation has awarded 247 individual grants totaling $32,240,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen La Russo Director | 1 | $0 | |
Cynthia A Miscikowski Pres/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $284,100 |
| Capital Gain Net Income | $284,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,463 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,417 |
| Total operating and administrative expenses | $48,330 |
| Contributions, gifts, grants paid | $1,440,000 |
| Total expenses and disbursements | $1,488,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,814 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $21,814 |
| 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, Ring Foundation has awarded $1,440,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE OF CHARITIES PURPOSE: UNDESIGNATED GENERAL SUPPORT | $10,000 |
UCLA FOUNDATION PURPOSE: UNDESIGNATED GENERAL SUPPORT | $40,000 |
SOUTHERN POVERTY LAW CENTER PURPOSE: UNDESIGNATED GENERAL SUPPORT | $50,000 |
ST JOSEPH CENTER PURPOSE: UNDESIGNATED GENERAL SUPPORT | $130,000 |
826LA PURPOSE: UNDESIGNATED GENERAL SUPPORT | $25,000 |
VENICE FAMILY CLINIC PURPOSE: UNDESIGNATED GENERAL SUPPORT | $130,000 |