Norman & Myra Ricken Trust Charitable Trust
- Assets
- $782.4k
- Revenue
- $44.9k
- Investments
- $761.7k
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 22-6420278
Organization Overview
Norman & Myra Ricken Trust Charitable Trust is located in West Palm Beach, FL. The organization was established in 1987. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Norman & Myra Ricken Trust Charitable Trust 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, Norman & Myra Ricken Trust Charitable Trust generated $44.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $46.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Norman & Myra Ricken Trust Charitable Trust has awarded 68 individual grants totaling $174,200. 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 |
|---|---|---|---|
Norman Ricken Trustee | 1 | $0 | |
Myrna Ricken Trustee | 1 | $0 | |
Jeffrey Ricken Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $44,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21 |
| Capital Gain Net Income | $21 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,862 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $669 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85 |
| Total operating and administrative expenses | $2,004 |
| Contributions, gifts, grants paid | $44,050 |
| Total expenses and disbursements | $46,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,794 |
| 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 | $242,184 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $782,449 |
| 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, Norman & Myra Ricken Trust Charitable Trust has awarded $44,050 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL | $8,600 |
Boca Raton, FL PURPOSE: GENERAL | $6,250 |
Los Angeles, CA PURPOSE: GENERAL | $6,000 |
Boca Raton, FL PURPOSE: GENERAL | $5,000 |
HILLEL PURPOSE: GENERAL | $4,000 |
JEWISH NATIONAL FUND PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |
Arnold & Winnie Palmer Foundation Inc Orlando, FL | $20,742,397 | $2,603,528 |
Mssa Ila Vacation Plan And Trust Mobile, AL | $2,494,985 | $3,007,833 |
W I H Pitts Charitable Tr Ua 110187 Orlando, FL | $39,439,716 | $4,048,727 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Fleming Family Foundation Jacksonville, FL | $35,811,592 | $3,215,572 |
Dana B Gulley And James K Gulley Memorial Trust Orlando, FL | $0 | $950,310 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |