Richard A Perritt Charitable Foundation
- Assets
- $4.0m
- Revenue
- $1.7m
- Investments
- $4.0m
- Employees
- 0
- Location
- Barrington, IL
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 36-3896125
Organization Overview
Richard A Perritt Charitable Foundation is located in Barrington, IL. The organization was established in 1993. 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. Richard A Perritt 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, Richard A Perritt Charitable Foundation generated $1.7m 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 (5.0%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Ronald A Tyrpin Pres., Director | 5 | $21,250 | |
Diane A Tyrpin Sec.,treas.,dir. | 5 | $21,250 | |
Mark A Tyrpin V.p.,director | 0.2 | $0 | |
John C Tyrpin V.p., Director | 5 | $21,250 | |
Elise M Nothold Asst. V.p., Director | 5 | $21,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,440,000 |
| Interest on Savings | $33 |
| Dividends & Interest | $213,620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,447 |
| Capital Gain Net Income | $62,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,716,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,363 |
| Depreciation | $512 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,161 |
| Total operating and administrative expenses | $136,081 |
| Contributions, gifts, grants paid | $1,661,000 |
| Total expenses and disbursements | $1,797,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,197 |
| 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 | $100,641 |
| Net Land, buildings, and equipment | $2,050 |
| Other assets | $0 |
| Total assets | $4,016,310 |
| 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 |