Ricci Family Foundation
- Assets
- $1.7m
- Revenue
- $117.5k
- Investments
- $562.6k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-0521241
Organization Overview
Ricci Family Foundation is located in Cleveland, OH. The organization was established in 2008. 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. Ricci Family 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, Ricci Family Foundation generated $117.5k 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 (3.4%) each year. All expenses for the organization totaled $237.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ricci Family Foundation has awarded 35 individual grants totaling $751,116. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49,507 |
| Dividends & Interest | $20,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,801 |
| Capital Gain Net Income | $1,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,690 |
| Total Revenue | $117,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,757 |
| Depreciation | $10,710 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,035 |
| Total operating and administrative expenses | $32,702 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $237,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,412 |
| 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 | $706,485 |
| 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 | $16,065 |
| Other assets | $184,725 |
| Total assets | $1,726,255 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $42,764 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,764 |
Grants Awarded
Over the last fiscal year, Ricci Family Foundation has awarded $187,145 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NOTRE DAME PURPOSE: GENERAL FUND | $37,145 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
GILMOUR ACADEMY PURPOSE: GENERAL FUND | $25,000 |
RAINBOW RUN PURPOSE: GENERAL FUND | $5,000 |
WOMEN'S AIR & SPACE MUSEUM PURPOSE: GENERAL FUND | $5,000 |
NOT NY KID PURPOSE: GENERAL FUND | $5,000 |