Richman Family Foundation
- Assets
- $31.3m
- Revenue
- -$999.1k
- Investments
- $21.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1986
- Data as of
- 11/2023
- EIN
- 13-3332711
Organization Overview
Richman Family Foundation is located in New York, NY. The organization was established in 1986. 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. Richman Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Richman Director | 2 | $0 | |
Carol Saivetz Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $454,933 |
| Dividends & Interest | $279,034 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,732,006 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,022 |
| Total Revenue | -$999,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $290,635 |
| Contributions, gifts, grants paid | $257,467 |
| Total expenses and disbursements | $548,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,955,057 |
| 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 | $31,331,325 |
| 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, Richman Family Foundation has awarded $1,878,775 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNAL FUND PURPOSE: GENERAL SUPPORT | $1,854,205 |
ROCK & ROLL HALL OF FAME PURPOSE: GENERAL SUPPORT | $15,000 |
THE DRAWING CENTER PURPOSE: GENERAL SUPPORT | $2,570 |
FOUNDATION FIGHTING BLINDNESS PURPOSE: GENERAL SUPPORT | $5,000 |
JEWISH BOARD OF FAMILY & CHILDREN'S PURPOSE: GENERAL SUPPORT | $2,000 |