Beverly Beall And R Kemp Riechmann Foundation Inc
- Assets
- $316.2k
- Revenue
- $60.0k
- Investments
- $277.0k
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 65-0808807
Organization Overview
Beverly Beall And R Kemp Riechmann Foundation Inc is located in Bradenton, FL. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Beall And R Kemp Riechmann 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 12/2022, Beverly Beall And R Kemp Riechmann Foundation Inc generated $60.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $107.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beverly Beall And R Kemp Riechmann Foundation Inc has awarded 281 individual grants totaling $920,511. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SCHOLARSHIP PROGRAM - SIGNIFICANT INVOLVEMENT GRANT PROGRAM
DONATIONS TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Beall Trustee | 20 | $2,500 | |
R Kemp Riechmann Trustee | 20 | $2,500 | |
Rolf C Riechmann Trustee | 1.5 | $500 | |
R Kemp Riechmann Jr Trustee | 1.5 | $500 | |
Krystel Beall Trustee | 2.5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $251 |
| Dividends & Interest | $9,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,939 |
| Capital Gain Net Income | $48,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,486 |
| Total Revenue | $59,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,502 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $323 |
| Printing and publications | $0 |
| Other expenses | $27,111 |
| Total operating and administrative expenses | $56,997 |
| Contributions, gifts, grants paid | $50,800 |
| Total expenses and disbursements | $107,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,552 |
| 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 | $361 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $300 |
| Total assets | $316,198 |
| 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 | $229 |
| Total liabilities | $229 |
Grants Awarded
Over the last fiscal year, Beverly Beall And R Kemp Riechmann Foundation Inc has awarded $50,800 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
JANE PATTERSON PURPOSE: SCHOLARSHIP | $5,500 |
KIMARI WATKINS PURPOSE: SCHOLARSHIP | $5,000 |
COLLIN HICKS PURPOSE: SCHOLARSHIP | $5,000 |
PACE CENTER FOR GIRLS PURPOSE: DONATION | $5,000 |
RAYMOND LEE PURPOSE: SCHOLARSHIP | $3,875 |
UNIDOSNOW FOUNDATION PURPOSE: DONATION | $5,000 |