Riggs-Conard Trust Fund
- Assets
- $388.7k
- Revenue
- $24.0k
- Investments
- $380.1k
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 04/1999
- Data as of
- 11/2023
- EIN
- 52-2057152
Organization Overview
Riggs-Conard Trust Fund is located in Lancaster, PA. The organization was established in 1999. 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. Riggs-Conard Trust Fund 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 11/2023, Riggs-Conard Trust Fund generated $24.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $30.8k during the year ending 11/2023. While expenses have increased by 9.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fulton Bank N A Trustee | 0 | $4,476 | |
Charles W Riggs Decd Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,874 |
| Capital Gain Net Income | $12,874 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $24,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,759 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $107 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,866 |
| Contributions, gifts, grants paid | $25,892 |
| Total expenses and disbursements | $30,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,594 |
| 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 | $380,090 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $388,684 |
| 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, Riggs-Conard Trust Fund has awarded $25,892 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: YOUTH GROUP WORK | $3,049 |
STUDENT 1 PURPOSE: EDUCATION SCHOLARSHIP | $750 |
STUDENT 2 PURPOSE: EDUCATION SCHOLARSHIP | $750 |
ST MARKS LUTHERAN CHURCH PURPOSE: YOUTH GROUP WORK | $3,049 |
BOYS & GIRLS CLUB OF WASHINGTON COUNTY PURPOSE: YOUTH GROUP WORK | $6,098 |
COVE VALLEY CHRISTIAN YOUTH CAMP PURPOSE: CAMP MAINTENENCE & UPKEEP | $3,049 |