Paul K Richter Memorial Fund
- Assets
- $55.1m
- Revenue
- -$1.5m
- Investments
- $53.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1900
- Data as of
- 12/2022
- EIN
- 36-6208740
Organization Overview
Paul K Richter Memorial Fund is located in Dallas, TX. The organization was established in 1900. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
Since 2017, Paul K Richter Memorial Fund has awarded 72 individual grants totaling $12,997,754. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,130,323 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,589,345 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$1,459,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $356,301 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125,426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,667 |
| Total operating and administrative expenses | $669,857 |
| Contributions, gifts, grants paid | $2,965,000 |
| Total expenses and disbursements | $3,634,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,533,713 |
| 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 | $55,067,280 |
| 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, Paul K Richter Memorial Fund has awarded $2,965,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WAKE FOREST UNIVERSITY PURPOSE: RICHTER SCHOLAR PROGRAM | $315,000 |
Claremont, CA PURPOSE: RESEARCH AND DISSERTATION | $300,000 |
Los Angeles, CA PURPOSE: SUPPORTS RICHTER RESEARCH | $300,000 |
Galesburg, IL PURPOSE: RICHTER AWARDS | $300,000 |
REED INSTITUTE PURPOSE: RICHTER SCHOLARS | $300,000 |
YALE UNIVERSITY PURPOSE: SCHOLARSHIP PROGRAM | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |