Rich Family Foundation
- Assets
- $964.2k
- Revenue
- -$188.4k
- Investments
- $894.5k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-2843385
Organization Overview
Rich Family Foundation is located in Fort Worth, TX. The organization was established in 2012. 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. Rich Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Rich Family Foundation has awarded 43 individual grants totaling $5,741,500. 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.
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 |
|---|---|---|---|
Joshua E Rich President | 0 | $0 | |
Nathaniel D Rich Vice President | 0 | $0 | |
Alison K Fischer Secretary | 0 | $0 | |
David B Rich Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94 |
| Dividends & Interest | $29,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$217,769 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$188,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,458 |
| Contributions, gifts, grants paid | $1,042,500 |
| Total expenses and disbursements | $1,059,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,630 |
| 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 | $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 | $964,178 |
| 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, Rich Family Foundation has awarded $1,042,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES NAVAL ACADEMY FOUNDATION PURPOSE: GENERAL SUPPORT | $987,500 |
STEPHEN BREEN MEMORIAL FOUNDATION INC PURPOSE: GENERAL SUPPORT | $40,000 |
RUTLEDGE FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |