Ernest L Richmond & Constance V Richmond Foundation Inc
- Assets
- $899.3k
- Revenue
- $111.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-2678391
Organization Overview
Ernest L Richmond & Constance V Richmond Foundation Inc is located in Warren, NJ. The organization was established in 2011. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ernest L Richmond & Constance V Richmond 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 12/2021, Ernest L Richmond & Constance V Richmond Foundation Inc generated $111.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $76.4k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ernest L Richmond & Constance V Richmond Foundation Inc has awarded 39 individual grants totaling $370,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Pompeo Trustee | 1 | $0 | |
Cynthia Hoff Trustee | 1 | $0 | |
William Hoff Trustee | 1 | $0 | |
Susan Parola Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,158 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59,427 |
| Total Revenue | $111,402 |
| 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 | $175 |
| Total operating and administrative expenses | $8,423 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $76,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $899,339 |
| 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 | $899,339 |
| 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, Ernest L Richmond & Constance V Richmond Foundation Inc has awarded $68,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MSGR PETER J DOODY SCHOLARSHIP FUND PURPOSE: GIFT | $13,000 |
Hillsborough, NJ PURPOSE: GIFT | $12,000 |
Taunton, MA PURPOSE: GIFT | $10,000 |
Memphis, TN PURPOSE: GIFT | $9,000 |
Jacksonville, FL PURPOSE: GIFT | $7,000 |
Hillsborough, NJ PURPOSE: GIFT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Elevate 215 Philadelphia, PA | $9,991,857 | $10,518,985 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mastery Charter Schools Foundation Philadelphia, PA | $112,317,090 | $8,533,885 |
Research Collections And Preservation Consortium Inc Princeton, NJ | $56,454,726 | $4,069,858 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |
Prospect Schools Inc Brooklyn, NY | $3,261,917 | $6,213,918 |