Ridgecrest Foundation
- Assets
- $2.9m
- Revenue
- $309.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 07/1997
- Data as of
- 06/2022
- EIN
- 39-1889281
Organization Overview
Ridgecrest Foundation is located in Davenport, IA. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ridgecrest 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 06/2022, Ridgecrest Foundation generated $309.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $240.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE RIDGECREST FOUNDATION IS TO GENERATE RESOURCES TO SUPPORT AND ENRICH THE QUALITY OF LIFE FOR THE PRESENT AND FUTURE RESIDENTS AT RIDGECREST VILLAGE, ENCOURAGE A CULTURE OF CARING, AND PROMOTE THE CONCEPT OF PHILANTHROPY IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE & GENERATE CONTRIBUTIONS FOR THE USE OF PROVIDING HIGH QUALITY HOUSING AND HEALTH CARE SERVICES FOR THE RESIDENTS AT RIDGECREST VILLAGE.
THE FOUNDATION PROVIDES INDIRECT SUPPORT FOR THE HONOR FLIGHT OF THE QUAD CITIES, A 501(C)(3) ORGANIZATION, THROUGH PROVIDING OFFICE SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Stanforth Treasurer | OfficerTrustee | 0.15 | $0 |
Juleann Miller President | OfficerTrustee | 0.15 | $0 |
Hank Runge Vice Preside | OfficerTrustee | 0.15 | $0 |
John Nisly Secretary | OfficerTrustee | 0.15 | $0 |
Stephen Mapes Trustee | Trustee | 0.15 | $0 |
John Lawlor Trustee | Trustee | 0.15 | $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 | $161,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,621 |
| Total Program Service Revenue | $0 |
| Investment income | $118,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,084 |
| Grants and other assistance to domestic individuals. | $2,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159 |
| Payroll taxes | $5,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $355 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,319 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $67 |
| Total functional expenses | $240,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,893,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,650 |
| Total assets | $2,896,346 |
| Accounts payable and accrued expenses | $57,780 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,780 |
| Net assets without donor restrictions | $993,682 |
| Net assets with donor restrictions | $1,844,884 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,896,346 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ridgecrest Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Davenport Lend A Hand Club Davenport, IA PURPOSE: TO PURCHASE BICYCLE CONVEYANCE TO TRANSPORT RIDGECREST VILLAGE RESIDENTS IN WHEELCHAIRS. | $7,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |