The@hubert A Ritchie Foundation
- Assets
- $3.9m
- Revenue
- $143.0k
- Investments
- $3.8m
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 54-6481375
Organization Overview
The@hubert A Ritchie Foundation is located in Greensboro, NC. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. The@hubert A Ritchie 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 12/2021, The@hubert A Ritchie Foundation generated $143.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $315.8k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 6 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.
Since 2016, The@hubert A Ritchie Foundation has awarded 45 individual grants totaling $1,019,400. 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 |
|---|---|---|---|
Name Not Listed Co-Trustee | 0 | $32,278 | |
Mr Timmy L Ervin Co-Trustee | 0 | $15,000 | |
Mr Donald Menius Co-Trustee | 0 | $15,000 | |
Mrs Nicole Plummer Co-Trustee | 0 | $9,900 | |
Mr Mark Menius Co-Trustee | 0 | $9,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,699 |
| Dividends & Interest | $114,159 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,729 |
| Capital Gain Net Income | $15,729 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $427 |
| Total Revenue | $143,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,078 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,897 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $86,775 |
| Contributions, gifts, grants paid | $229,000 |
| Total expenses and disbursements | $315,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,435 |
| 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 | $1,576 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,946,355 |
| 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, The@hubert A Ritchie Foundation has awarded $229,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ROWAN REGIONAL MEDICAL CTR FD INC PURPOSE: WALLACE CANCER CENTER | $200,000 |
Rockwell, NC PURPOSE: BACK TO SCHOOL AND CHRISTMAS | $6,000 |
ST PAUL'S LUTHERAN CHURCH PURPOSE: THE HELPING HAND FUND | $6,000 |
ST PAUL'S LUTHERAN CHURCH PURPOSE: SCHOLARSHIP FUND | $5,000 |
ROWAN COUNTY AG & IND FAIR ASSOC PURPOSE: CHILDREN'S PROGRAMS AT FAIR | $4,000 |
Salisbury, NC PURPOSE: HAPPY FARM CHILDREN'S PROJECT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Claude Moore Charitable Foundation Fairfax, VA | $240,670,570 | $26,185,543 |
South Carolina Automobile Dealers Trust Columbia, SC | $615,773 | $12,853,378 |
Community Anti-Drug Coalitions Of America Alexandria, VA | $15,283,034 | $14,789,686 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |