Risk Management Association Foundation
- Assets
- $6.6m
- Revenue
- $175.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/2015
- Data as of
- 08/2023
- EIN
- 47-3078149
Organization Overview
Risk Management Association Foundation is located in Philadelphia, PA. The organization was established in 2015. 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. Risk Management Association 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 08/2023, Risk Management Association Foundation generated $175.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $567.2k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Risk Management Association Foundation has awarded 822 individual grants totaling $1,730,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Long Treasurer | 2 | $0 | |
Edward Demarco Secretary | 2 | $0 | |
Nancy Foster Director | 2 | $0 | |
Jodi Richard Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $148,011 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,741 |
| Capital Gain Net Income | $8,741 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,375 |
| Total Revenue | $175,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $413,728 |
| Total operating and administrative expenses | $416,228 |
| Contributions, gifts, grants paid | $151,000 |
| Total expenses and disbursements | $567,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,821 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,205,649 |
| 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 | $5,369,121 |
| Total assets | $6,598,591 |
| Accounts payable and accrued expenses | $12,672 |
| 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 | $12,672 |
Grants Awarded
Over the last fiscal year, Risk Management Association Foundation has awarded $151,000 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
AADI SHAH PURPOSE: SCHOLARSHIP | $1,000 |
ALEX CROWELL PURPOSE: SCHOLARSHIP | $1,000 |
ALEXA LOMONACO PURPOSE: SCHOLARSHIP | $2,000 |
ALFRED MIKLOS PURPOSE: SCHOLARSHIP | $1,000 |
AMANDA NOONAN PURPOSE: SCHOLARSHIP | $1,000 |
ANDREW ROACH PURPOSE: SCHOLARSHIP | $1,000 |