Ripple Foundation
- Assets
- $10.3m
- Revenue
- $171.1k
- Investments
- $9.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 13-4081347
Organization Overview
Ripple Foundation is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ripple 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, Ripple Foundation generated $171.1k 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 (38.3%) each year. All expenses for the organization totaled $89.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (35.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ripple Foundation has awarded 194 individual grants totaling $5,528,353. 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 |
|---|---|---|---|
Anthony Malkin Treasurer | 0 | $0 | |
Rachelle Malkin President And Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $434,832 |
| Interest on Savings | $383 |
| Dividends & Interest | $95,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$320,434 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$38,777 |
| Total Revenue | $171,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17,807 |
| Taxes | $843 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $371 |
| Total operating and administrative expenses | $69,748 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $89,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $763,262 |
| 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 | $3,611,784 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,256,919 |
| 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, Ripple Foundation has awarded $208,250 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HOUSE PURPOSE: CONTRIBUTION TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
HARLEM ACADEMY PURPOSE: CONTRIBUTION TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
MIANUS RIVER GORGE PURPOSE: CONTRIBUTION TO FURTHER DONEE'S EXEMPT PURPOSE | $500 |
WORLD CONNECT PURPOSE: CONTRIBUTION TO FURTHER DONEE'S EXEMPT PURPOSE | $25,000 |
AUDUBON PURPOSE: CONTRIBUTION TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
PRINCETON UNIVERSITY PURPOSE: CONTRIBUTION TO FURTHER DONEE'S EXEMPT PURPOSE | $25,000 |