Harold E Riley Foundation
- Assets
- $375.4k
- Revenue
- $877.5k
- Investments
- $10.4k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 30-0181669
Organization Overview
Harold E Riley Foundation is located in Fort Worth, TX. The organization was established in 2019. 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. Harold E Riley 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, Harold E Riley Foundation generated $877.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $859.9k during the year ending 12/2022. While expenses have increased by 29.1% per year over the past 8 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, Harold E Riley Foundation has awarded 16 individual grants totaling $19,818,396. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HAROLD E RILEY FOUNDATION SUPPORTS BAYLOR UNIVERSITY AND SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HAROLD E RILEY FOUNDATION SUPPORTS BAYLOR UNIVERSITY AND SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colby Adams Trustee | 0 | $0 | |
Ed Upton Trustee | 0 | $0 | |
Doug Welch Trustee | 0 | $0 | |
Jeff Wallace Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adams Lynch & Loftin Pc | 12/30/22 | $97,162 |
Kirkman Law Firm | 12/30/22 | $52,506 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $795,481 |
| Total Revenue | $877,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | -$6,457 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,474 |
| Total operating and administrative expenses | $209,945 |
| Contributions, gifts, grants paid | $650,000 |
| Total expenses and disbursements | $859,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,004 |
| 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 | $265,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $375,387 |
| Accounts payable and accrued expenses | $162,862 |
| 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 | $162,862 |
Grants Awarded
Over the last fiscal year, Harold E Riley Foundation has awarded $650,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR UNIVERSITY PURPOSE: HANKAMER SCHOOL OF BUSINESS - HAROLD RILEY SCHOLARSHIPS | $325,000 |
SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY PURPOSE: DISCRETION OF THE PRESIDENT | $325,000 |