Ring Foundation Inc
- Assets
- $5.2m
- Revenue
- $209.9k
- Investments
- $4.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 00/0000
- Data as of
- 05/2023
- EIN
- 13-3015418
Organization Overview
Ring Foundation Inc is located in New York, NY. The organization was established in 0000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ring Foundation Inc 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 05/2023, Ring Foundation Inc generated $209.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $137.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ring Foundation Inc has awarded 129 individual grants totaling $1,692,141. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO QUALIFIED RELIGIOUS,CULTURAL AND PUBLIC EXEMPT INSTITUTIONS TO CARRY OUT THEIR EXEMPT FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Ring President | 0 | $0 | |
Louise Ring Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $247,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$33,351 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,324 |
| Total Revenue | $209,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,374 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $7,624 |
| Contributions, gifts, grants paid | $129,670 |
| Total expenses and disbursements | $137,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $378,106 |
| 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 | $5,181,476 |
| 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 Inc has awarded $129,670 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FRICK MUSEUM PURPOSE: ANY EXEMPT PURPOSE | $300 |
LURIA ACADEMY PURPOSE: ANY EXEMPT PURPOSE | $100,000 |
GUGGENHEIM MUSEUM PURPOSE: ANY EXEMPT PURPOSE | $300 |
JEWISH MUSEUM PURPOSE: ANY EXEMPT PURPOSE | $27,750 |
METROPOLITAN MUSEUM OF ART PURPOSE: ANY EXEMPT PURPOSE | $210 |
NEW YORK HISTORICAL SOCIETY PURPOSE: ANY EXEMPT PURPOSE | $135 |