Harold W Ripps Charitable Foundation
- Assets
- $2.0m
- Revenue
- $924.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1987
- Data as of
- 12/2022
- EIN
- 63-0943463
Organization Overview
Harold W Ripps Charitable Foundation is located in Birmingham, AL. The organization was established in 1987. 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. Harold W Ripps Charitable 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 12/2022, Harold W Ripps Charitable Foundation generated $924.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $400.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Harold W Ripps Charitable Foundation has awarded 124 individual grants totaling $3,259,964. 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 |
|---|---|---|---|
Harold W Ripps Director | 0 | $0 | |
Larry S Nickles Director | 0 | $0 | |
Michael J Hallman Director | 0 | $0 | |
Allen M Meisler Director | 0 | $0 | |
Irving D Meisler Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $490,796 |
| Interest on Savings | $1,678 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $431,873 |
| Capital Gain Net Income | $431,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $924,347 |
| 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 | $10,935 |
| Total operating and administrative expenses | $10,935 |
| Contributions, gifts, grants paid | $389,434 |
| Total expenses and disbursements | $400,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,213 |
| Savings and temporary cash investments | $0 |
| 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 | $1,613,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,049,994 |
| 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 | $37 |
| Total liabilities | $37 |
Grants Awarded
Over the last fiscal year, Harold W Ripps Charitable Foundation has awarded $389,434 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BIGHORN GOLF CLUB CHARITIES PURPOSE: TO PROMOTE THE MISSION OF THE ORGANIZATION | $29,334 |
COLLAT JEWISH FAMILY SERVICES PURPOSE: TO PROMOTE THE MISSION OF THE ORGANIZATION | $2,500 |
BIRMINGHAM HOLOCAUST EDUCATION PURPOSE: TO PROMOTE THE MISSION OF THE ORGANIZATION | $50,000 |
BIRMINGHAM JEWISH FEDERATION PURPOSE: TO PROMOTE THE MISSION OF THE ORGANIZATION | $100,000 |
HUDSON INSTITUTE PURPOSE: TO PROMOTE THE MISSION OF THE ORGANIZATION | $25,000 |
MONDAY MORNING QUARTERBACK CLUB PURPOSE: TO PROMOTE THE MISSION OF THE ORGANIZATION | $2,000 |