The Ricbac Foundation
- Assets
- $42.3m
- Revenue
- $2.6m
- Investments
- $40.8m
- Employees
- 0
- Location
- Newtonville, MA
- Founding
- 02/1979
- Data as of
- 12/2023
- EIN
- 04-2660137
Organization Overview
The Ricbac Foundation is located in Newtonville, MA. The organization was established in 1979. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ricbac 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 12/2023, Ricbac Foundation generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ricbac Foundation has awarded 36 individual grants totaling $36,952,459. 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.
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 |
|---|---|---|---|
Eric Isselbacher MD Trustee, Chairman | 7 | $40,000 | |
Peter Hermann Trustee | 1 | $10,000 | |
Hugh Barry Trustee | 1 | $10,000 | |
Anne Becker Trustee, Treasurer | 7 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis | 12/30/20 | $53,323 |
Ubs Investments | 12/30/20 | $176,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,226,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,065,378 |
| Capital Gain Net Income | $1,065,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $265,356 |
| Total Revenue | $2,557,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,160 |
| Taxes | $87,152 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $158,272 |
| Total operating and administrative expenses | $384,755 |
| Contributions, gifts, grants paid | $1,758,716 |
| Total expenses and disbursements | $2,143,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,295,023 |
| 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 | $2,754,907 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $152,906 |
| Total assets | $42,253,723 |
| Accounts payable and accrued expenses | $124,100 |
| 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 | $124,100 |
Grants Awarded
Over the last fiscal year, The Ricbac Foundation has awarded $2,295,266 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COOPER UNION - PRIOR YEAR GRANTS PAID IN CURRENT YEAR PURPOSE: MEDICAL CANCER RESEARCH | $536,551 |
MASS GENERAL HOSPITAL PURPOSE: MEDICAL CANCER RESEARCH | $1,546,220 |
MARINE BIOLOGICAL LABORATORY PURPOSE: MEDICAL CANCER RESEARCH | $162,495 |
UNITED HATZALA PURPOSE: EMERGENCY MEDICAL TRAINING AND TREATMENT | $25,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: EMERGENCY MEDICAL TRAINING AND TREATMENT | $25,000 |