Rich Foundation Inc
- Assets
- $883.8k
- Revenue
- $32.5k
- Investments
- $818.5k
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/1984
- Data as of
- 06/2024
- EIN
- 22-2544173
Organization Overview
Rich Foundation Inc is located in Stamford, CT. The organization was established in 1984. 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. Rich 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 06/2024, Rich Foundation Inc generated $32.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $146.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rich Foundation Inc has awarded 158 individual grants totaling $514,202. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Rich President | 0.5 | $0 | |
Frank D Rich III Vice President | 0.5 | $0 | |
Colleen Fraccola Treasurer/secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,864 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $295 |
| Capital Gain Net Income | $295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,606 |
| Total operating and administrative expenses | $41,425 |
| Contributions, gifts, grants paid | $105,450 |
| Total expenses and disbursements | $146,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,903 |
| 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 | $818,479 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $58,390 |
| Total assets | $883,772 |
| Accounts payable and accrued expenses | $2,500 |
| 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 | $2,500 |
Grants Awarded
Over the last fiscal year, Rich Foundation Inc has awarded $105,450 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY - NEW ENGLAND DIVISION PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $1,000 |
ARI OF CT INC PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $1,000 |
AVON THEATRE FILM CENTER INC PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $16,350 |
BARTLETT ARBORETUM & GARDENS PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $1,000 |
BOYS & GIRLS CLUB OF PALM BEACH COUNTY PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $2,500 |
BURKE REHABILATION HOSPITAL PURPOSE: GRANT TO PROVIDE FINANCIAL ASSISTANCE TO THEIR CHARITY | $1,000 |