The Riley Foundation
- Assets
- $106.7m
- Revenue
- $2.4m
- Investments
- $102.8m
- Employees
- 0
- Location
- Meridian, MS
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 64-0707746
Organization Overview
The Riley Foundation is located in Meridian, MS. The organization was established in 1986. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riley 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, Riley Foundation generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Riley Foundation has awarded 255 individual grants totaling $92,273,797. 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 |
|---|---|---|---|
Robert B Deen Jr President COO | 30 | $173,000 | |
Marty Davidson Chairman Ceotreasurer | 20 | $170,000 | |
Becky G Farley Executive Director | 40 | $124,000 | |
Malcolm Portera Vpsecretary | 10 | $80,000 | |
Tommy Dulaney Director | 5 | $21,000 | |
Edwin Downer Director | 5 | $20,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $712,439 |
| Dividends & Interest | $1,027,132 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $635,897 |
| Capital Gain Net Income | $7,882,563 |
| Net ST Capital Gain | $7,882,563 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,375,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $708,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $138,442 |
| Interest | $0 |
| Taxes | $367,836 |
| Depreciation | $92,565 |
| Occupancy | $94,124 |
| Travel, conferences, and meetings | $12,948 |
| Printing and publications | $0 |
| Other expenses | $77,634 |
| Total operating and administrative expenses | $1,535,977 |
| Contributions, gifts, grants paid | $3,323,946 |
| Total expenses and disbursements | $4,859,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,130,546 |
| 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 | $28,060 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $207,738 |
| Net Land, buildings, and equipment | $1,727,722 |
| Other assets | $0 |
| Total assets | $106,706,164 |
| Accounts payable and accrued expenses | $4,954 |
| Grants payable | $8,177,881 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $723,067 |
| Total liabilities | $8,905,902 |
Grants Awarded
Over the last fiscal year, The Riley Foundation has awarded $11,665,684 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
MS STATE UNIVERSITY FOUNDATION PURPOSE: RENOVATIONS TO KINESIOLOGY BLDG&PA PROGRAM SUPPORT | $3,582,917 |
MISSISSIPPI CHILDRENS MUSEUM PURPOSE: CONSTRUCTION EXHIBITS & OPERATING | $3,400,000 |
MS STATE UNIVERSITY FOUNDATION PURPOSE: PROGRAMSSCHOLARSHIPSSUMMERWORK&PERFORMING ARTS | $2,037,333 |
MISSISSIPPI ARTS ENTERTAINMENT PURPOSE: OPERATING | $1,500,000 |
MISSISSIPPI ARTS ENTERTAINMENT PURPOSE: OPERATING & SUMMER WORK | $504,000 |
MISSISSIPPI CHILDRENS MUSEUM PURPOSE: CONSTRUCTION EXHIBITS OPERATING & SUMMER WORK | $404,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Second Wind Programs Inc Birmingham, AL | $5,585,002 | $12,560,505 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Brent House Corporation New Orleans, LA | $2,513,163 | $4,974,916 |
Girl Scouts - Diamonds Of Arkansas Oklahoma And Texas Little Rock, AR | $7,427,624 | $5,269,296 |
The Riley Foundation Meridian, MS | $106,706,164 | $2,375,468 |
Good Shepherd Medication Management Memphis, TN | $2,325,879 | $2,559,042 |
Project Reflect Madison, TN | $4,733,587 | $4,700,384 |
Baton Rouge University Preparatory Charter School Inc Baton Rouge, LA | $4,975,030 | $5,662,511 |
Bill Rice Ranch Inc Murfreesboro, TN | $8,212,309 | $3,055,361 |
Alabama Quality Assurance Foundation Birmingham, AL | $2,705,369 | $2,946,978 |
New Orleans Culinary And Hospitality Institute Inc New Orleans, LA | $17,473,876 | $4,779,662 |