Mary Joan Rice Charitable Foundation
- Assets
- $385.1k
- Revenue
- $71.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2014
- Data as of
- 11/2021
- EIN
- 45-4000190
Organization Overview
Mary Joan Rice Charitable Foundation is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (T31) the organization is classified as: Community 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. Mary Joan Rice 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 11/2021, Mary Joan Rice Charitable Foundation generated $71.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $25.7k during the year ending 11/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL SISTERS OF ST. FRANCIS MILWAUKEE WI
BIG SHOULDERS FUND CHICAGO IL
ST. PATRICK HIGH SCHOOL CHICAGO IL
CATHOLIC ARCHDIOCESE OF CHICAGO LUMEN CORDIUM SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Joan Rice Chairman CEO | 3 | $0 | |
Judith Ann Rice Vice Chairman | 2 | $0 | |
Mark H Berens Director Secy | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,211 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,235 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,600 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $11,600 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $37,754 |
| Total Revenue | $71,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $314 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $3,930 |
| Contributions, gifts, grants paid | $21,775 |
| Total expenses and disbursements | $25,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,403 |
| Savings and temporary cash investments | $358,647 |
| 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 | $385,050 |
| 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, Mary Joan Rice Charitable Foundation has awarded $21,775 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ACTORS EQUITY FOUNDATION PURPOSE: EDCUATIONAL | $1,000 |
ARCHDIOCESE OF CHICAGO PURPOSE: RELIGIOUS SUPPORT - CATHOLIC CHURCH | $1,500 |
ANDREW HOLMES FOUNDATION PURPOSE: NEEDY FAMILIES WHO ARE VICTIMS OF CRIME. | $250 |
BIG SHOULDERS FUND PURPOSE: TUITION ASSISTANCE TO CHICAGO CATHOLIC SCHOOL STUDENTS. | $2,500 |
CATHOLIC CHARITIES OF CHICAGO PURPOSE: ASSISTANCE FOR INDIVIDUALS AND FAMILIES IN NEED. | $2,500 |
CHICAGO SYMPHONY ORCHESTRA PURPOSE: SUPPORT OF CHICAGO CULTURAL ORGANIZATION. | $500 |