Radin Foundation
- Assets
- $1.7m
- Revenue
- $50.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Clovis, CA
- Founding
- 04/1972
- Data as of
- 12/2023
- EIN
- 23-7155525
Organization Overview
Radin Foundation is located in Clovis, CA. The organization was established in 1972. 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. Radin 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 12/2023, Radin Foundation generated $50.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $328.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Radin Foundation has awarded 39 individual grants totaling $2,740,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDING TO ORGANIZATIONS IN THE INTERNAL REVENUE CODE SECTIONS 170(C)(1) & (2)(B).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay M Liao Secretary | 1 | $0 | |
Jason S Liao President & CEO | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,646 |
| Dividends & Interest | $63,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,954 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,599 |
| 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 | $3,744 |
| Total operating and administrative expenses | $33,114 |
| Contributions, gifts, grants paid | $295,000 |
| Total expenses and disbursements | $328,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,559 |
| Savings and temporary cash investments | $132,853 |
| 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 | $1,296,429 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,690,841 |
| 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, Radin Foundation has awarded $295,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CSU - FRESNO PURPOSE: FOOD PROGRAM | $15,000 |
FRESNO PHIHARMONIC PURPOSE: MUSIC EDUCATION FOR CHILDREN | $2,500 |
FRESNO COMMUNITY HOSPITAL PURPOSE: MEDICAL EQUIPMENTS | $265,000 |
UC SAN FRANCISCO FOUNDATION PURPOSE: SCHOLARSHIP | $12,500 |