The Richard Eaton Foundation Inc
- Assets
- $21.0m
- Revenue
- $1.2m
- Investments
- $19.5m
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 52-6040787
Organization Overview
The Richard Eaton Foundation Inc is located in Gaithersburg, MD. The organization was established in 1970. 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. Richard Eaton Foundation Inc 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 12/2021, Richard Eaton Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $976.0k during the year ending 12/2021. While expenses have increased by 1.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald J Hroblak Trustee | 0 | $30,000 | |
Neil E Johnson Trustee | 0 | $15,000 | |
Grover B Russell Trustee | 0 | $15,000 | |
Kevin G Hroblak Trustee | 0 | $11,250 | |
John V Pollock Trustee | 0 | $3,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74,402 |
| Dividends & Interest | $236,710 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $850,886 |
| Capital Gain Net Income | $850,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,161,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $614 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,173 |
| Total operating and administrative expenses | $246,013 |
| Contributions, gifts, grants paid | $730,000 |
| Total expenses and disbursements | $976,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,644 |
| Savings and temporary cash investments | $1,499,843 |
| 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 | $192,527 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,589 |
| Total assets | $21,046,050 |
| 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 |
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