Richardson Foundation
- Assets
- $730.7k
- Revenue
- $51.6k
- Investments
- $561.0k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/1985
- Data as of
- 12/2023
- EIN
- 62-1179433
Organization Overview
Richardson Foundation is located in Nashville, TN. The organization was established in 1985. 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. Richardson 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 12/2023, Richardson Foundation generated $51.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $25.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richardson Foundation has awarded 74 individual grants totaling $266,000. 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 |
|---|---|---|---|
Equitable Trust Company Suc Ttee | 1 | $6,386 | |
Jean Ellen R Cheek Trust Commit | 1 | $0 | |
Gayle R Eadie Trust Commit | 1 | $0 | |
Walter E Richardson III Trust Commit | 1 | $0 | |
James R Lattimore Jr Trust Commit | 1 | $0 | |
L Glenn Worley Trust Commit | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,356 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,288 |
| Capital Gain Net Income | $28,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $51,644 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,386 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,008 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,024 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $25,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $163,715 |
| 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 | $5,947 |
| Total assets | $730,661 |
| 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, Richardson Foundation has awarded $15,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA KEYS SOCIETY FOR PREVENTION PURPOSE: TO SUPPORT CHARITY | $6,000 |
AVOW HOSPICE PURPOSE: TO SUPPORT CHARITY | $2,000 |
OUR DAILY BREAD FOOD PANTRY PURPOSE: TO SUPPORT CHARITY | $2,000 |
SECOND HARVEST FOOD BANK-MIDDLE TN PURPOSE: TO SUPPORT CHARITY | $4,000 |
THISTLE FARMS INC PURPOSE: TO SUPPORT CHARITY | $1,000 |