Richman Brothers Foundation
- Assets
- $2.3m
- Revenue
- $42.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Rocky River, OH
- Founding
- 04/1938
- Data as of
- 12/2022
- EIN
- 34-6504927
Organization Overview
Richman Brothers Foundation is located in Rocky River, OH. The organization was established in 1938. 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. Richman Brothers 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, Richman Brothers Foundation generated $42.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $165.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richman Brothers Foundation has awarded 77 individual grants totaling $420,206. 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 Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Moore Treasurer Secretary | 2 | $2,000 | |
Gary Hribar Trustee | 0 | $0 | |
Raymond Marvar President | 2 | $4,000 | |
John Krause Trustee | 0 | $0 | |
John Marvar Trustee | 0 | $0 | |
Boris Rogulja Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $50,473 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,737 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| 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 | $1,448 |
| Total operating and administrative expenses | $39,777 |
| Contributions, gifts, grants paid | $125,730 |
| Total expenses and disbursements | $165,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,129 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,525 |
| 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 | $2,196,349 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,336,003 |
| 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, Richman Brothers Foundation has awarded $125,730 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
PAULETTE HOUSTON PURPOSE: NEEDY RETIREE GRANT | $2,630 |
BARBARA ROSLAN PURPOSE: NEEDY RETIREE GRANT | $2,880 |
BONNIE ROBERTS PURPOSE: NEEDY RETIREE GRANT | $3,960 |
EVA M NEAL PURPOSE: NEEDY RETIREE GRANT | $2,630 |
BOYS HOPE GIRLS HOPE OF NE OHIO PURPOSE: CHARTITABLE | $8,000 |
EASTER SEAL SOCIETY PURPOSE: CHARITABLE | $2,000 |