Riedman Foundation
- Assets
- $30.3m
- Revenue
- $1.9m
- Investments
- $29.4m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 12/1979
- Data as of
- 12/2022
- EIN
- 22-2279168
Organization Overview
Riedman Foundation is located in Rochester, NY. The organization was established in 1979. 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. Riedman 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, Riedman Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Riedman Foundation has awarded 211 individual grants totaling $10,149,413. 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
NONE
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greendykejencik & Associates Cpas Pllc | 12/30/22 | $0 |
Woods Oviatt Gilman Llp | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,313 |
| Interest on Savings | $0 |
| Dividends & Interest | $846,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $974,083 |
| Capital Gain Net Income | $974,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $78,242 |
| Total Revenue | $1,905,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $103,630 |
| Pension plans, employee benefits | $13,727 |
| Interest | $52,380 |
| Taxes | $45,153 |
| Depreciation | $0 |
| Occupancy | $9,463 |
| Travel, conferences, and meetings | $340 |
| Printing and publications | $0 |
| Other expenses | $42,202 |
| Total operating and administrative expenses | $312,968 |
| Contributions, gifts, grants paid | $1,911,713 |
| Total expenses and disbursements | $2,224,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947,138 |
| 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 | $30,319,451 |
| 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 | $2,621,653 |
| Other liabilities | $0 |
| Total liabilities | $2,621,653 |
Grants Awarded
Over the last fiscal year, Riedman Foundation has awarded $1,911,713 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION OF THE ROTARY CLUB OF PITTSFORD NY PURPOSE: UNRESTRICTED GIFT | $250 |
GEVA THEATRE CENTER INC PURPOSE: UNRESTRICTED GIFT | $5,000 |
INTERVOL INC PURPOSE: UNRESTRICTED GIFT | $5,000 |
MONROE COUNTY SHERIFFS FOUNDATION INC PURPOSE: UNRESTRICTED GIFT & CHRISTMAS BASKET PROGRAM OTHER | $2,300 |
ROCHESTER MUSEUM & SCIENCE CENTER PURPOSE: UNRESTRICTED GIFT | $5,000 |
UNIVERSITY OF ROCHESTER PURPOSE: UNRESTRICTED GIFT | $50,000 |