Retirement Research Foundation
- Assets
- $133.5m
- Revenue
- $1.3m
- Investments
- $132.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1976
- Data as of
- 12/2022
- EIN
- 36-2429540
Organization Overview
Retirement Research Foundation is located in Chicago, IL. The organization was established in 1976. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retirement Research 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, Retirement Research Foundation generated $1.3m 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 (40.7%) each year. All expenses for the organization totaled $10.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bouman Trustee | 6 | $18,500 | |
Ruth Ann Watkins Chairperson | 9 | $35,500 | |
Michael J Starshak Secretary | 6 | $27,500 | |
Downey R Varey Treasurer | 6 | $27,500 | |
Mary O'donnell President | 40 | $0 | |
Thomas R Prohaska Ph D Trustee | 6 | $18,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Endowment Management | 12/30/22 | $1,907,582 |
Mid-continent Capital | 12/30/22 | $86,855 |
Naomi M Stanhaus | 12/30/22 | $133,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,848,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,899,252 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $393,046 |
| Total Revenue | $1,342,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $434,510 |
| Other employee salaries and wages | $814,116 |
| Pension plans, employee benefits | $289,218 |
| Interest | $244,216 |
| Taxes | $122,919 |
| Depreciation | $1,595 |
| Occupancy | $129,723 |
| Travel, conferences, and meetings | $70,000 |
| Printing and publications | $399 |
| Other expenses | $190,303 |
| Total operating and administrative expenses | $4,570,904 |
| Contributions, gifts, grants paid | $6,020,696 |
| Total expenses and disbursements | $10,591,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,478 |
| 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 | $237,866 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $109,740,746 |
| Net Land, buildings, and equipment | $4,164 |
| Other assets | $0 |
| Total assets | $133,517,021 |
| Accounts payable and accrued expenses | $70,464 |
| Grants payable | $4,418,358 |
| 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 | $4,488,822 |
Grants Awarded
Over the last fiscal year, Retirement Research Foundation has awarded $8,326,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS PAID FOR GENERAL FUNDING PURPOSE: SEE ATTACHMENT A | $8,076,229 |
MATCHING GIFTS PROGRAM PURPOSE: SEE ATTACHMENT C | $250,661 |