Ria Charitable Investments Inc

Organization Overview

Ria Charitable Investments Inc is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ria Charitable Investments 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 09/2022, Ria Charitable Investments Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE AN INVESTMENT POOL FOR SUPPORTED 501(C(3)) ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION OPERATES TWO PORTFOLIOS FOR THE BENEFIT OF THE PARTICIPATING ORGANIZATIONS. THE FIRST IS A SHORT-TERM PORTFOLIO THAT INVESTS FUNDS IN INVESTMENT GRADE CORPORATE BONDS, GOVERNMENT BONDS, MORTGAGE BACKED BONDS AND SIMILAR INVESTMENT INSTRUMENTS. AFTER PAYING EXPENSES, THIS PORTFOLIO PAYS A FIXED INTEREST RATE MONTHLY TO EACH SUPPORTED ORGANIZATION BASED ON THE AMOUNT EACH DEPOSITED IN THIS PORTFOLIO. THE INTEREST RATE IS ESTABLISHED BY THE BOARD OF DIRECTORS. THE SECOND IS A LONG-TERM PORTFOLIO THAT INVESTS FUNDS IN STOCK AND ALTERNATIVE INVESTMENT MUTUAL FUNDS WITH AN OBJECTIVE OF MAXIMIZING TOTAL RETURN FROM CAPITAL APPRECIATION AND DIVIDEND INCOME. GAINS, LOSSES, AND EXPENSES OF OPERATING THE PORTFOLIO ARE ALLOCATED TO EACH ORGANIZATION'S ACCOUNT BASED ON THE AMOUNTS INVESTED IN THE PORTFOLIO.


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Board, Officers & Key Employees

Name (title)Compensation
Donald Buhler
Board Secretary/treasurer
$0
Jonathan Godbey
Board Chair
$0
John Krehely
President
$0
Dan Butler
Director
$0
Matt Dawson
Director, Until Oct 2021
$0
Jim Owens
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $1,614,739
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,614,739

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