The@raymond And Rita Foos Family Charitable Foundation
- Assets
- $1.4m
- Revenue
- $105.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 31-1529311
Organization Overview
The@raymond And Rita Foos Family Charitable Foundation is located in Cincinnati, OH. The organization was established in 1997. 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. The@raymond And Rita Foos Family Charitable 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, The@raymond And Rita Foos Family Charitable Foundation generated $105.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $127.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, The@raymond And Rita Foos Family Charitable Foundation has awarded 164 individual grants totaling $732,500. 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 |
|---|---|---|---|
Michael Sherman President | 2 | $0 | |
Kevin Foos Vice President | 2 | $0 | |
Brian Foos Treasurer | 2 | $0 | |
Karen Testa Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,689 |
| Interest on Savings | $4 |
| Dividends & Interest | $33,717 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,771 |
| Capital Gain Net Income | $17,771 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $769 |
| Total operating and administrative expenses | $25,838 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $127,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,281 |
| 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 | $1,448,456 |
| 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, The@raymond And Rita Foos Family Charitable Foundation has awarded $102,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS PURPOSE: INTANGIBLE RELIGIOUS BENEFITS | $750 |
AMERICAN SIGN MUSEUM PURPOSE: TO PRESERVE SIGNAGE HISTORY | $750 |
ARTS IMPACT (FKA PROGRESSIVE ARTS ALLIANCE) PURPOSE: TO SUPPORT ARTS EDUCATION IN THE GREATER CLEVELAND AREA | $13,000 |
BOYS & GIRLS CLUB NE OHIO PURPOSE: TO PROVIDE FUNDS TO SUPPORT A SAFE AND POSITIVE PLACE FOR YOUTH DEVELOPMENT | $11,300 |
CENTER FOR COURAGIOUS KIDS PURPOSE: TO SUPPORT YEAR-ROUND MEDICAL CAMP SERVING CHILDREN WITH CHRONIC AND LIFE THREATENING ILLNESSES | $7,500 |
FRONT STEP HOUSING & SERVICES PURPOSE: PROVIDE SAFE AND SECURE ENVIRONMENT FOR HOMELESS INDIVIDUALS & FAMILIES | $10,000 |