Rig Iii Family Foundation
- Assets
- $2.2m
- Revenue
- $48.3k
- Investments
- $2.2m
- Employees
- 0
- Location
- Willoughby Hills, OH
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 31-1679716
Organization Overview
Rig Iii Family Foundation is located in Willoughby Hills, OH. The organization was established in 1999. 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. Rig Iii 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 12/2023, Rig Iii Family Foundation generated $48.3k 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 (6.5%) each year. All expenses for the organization totaled $264.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rig Iii Family Foundation has awarded 229 individual grants totaling $1,836,300. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy M Gale President | 0 | $0 | |
Elizabeth G Kennedy Vice President | 0 | $0 | |
Robert T Gale Treasurer | 0 | $0 | |
Stephanie D Gale-Winterer Secretary | 0 | $0 | |
Robert I Gale III Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,742 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$31,452 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $234 |
| Total operating and administrative expenses | $28,869 |
| Contributions, gifts, grants paid | $236,000 |
| Total expenses and disbursements | $264,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,726 |
| 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 | $2,246,466 |
| 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, Rig Iii Family Foundation has awarded $236,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BOCA GRANDE HISTORICAL SOCIETY PURPOSE: GENERAL FUND | $2,500 |
BOCA GRANDE CHARITIES PURPOSE: GENERAL FUND | $10,000 |
ALZHEIMERS ASSOCATION PURPOSE: GENERAL FUND | $2,000 |
FIELDSTONE FARM THERAPEUTIC RIDING CTR PURPOSE: GENERAL FUND | $20,000 |
BOCA GRANDE HEALTH CLINIC PURPOSE: GENERAL FUND | $10,000 |
BOCA GRANDE WOMENS CLUB PURPOSE: GENERAL FUND | $5,000 |