The Edward L Rispone Family Foundation
- Assets
- $17.4m
- Revenue
- $2.8m
- Investments
- $17.3m
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 72-1474941
Organization Overview
The Edward L Rispone Family Foundation is located in Baton Rouge, LA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Edward L Rispone Family 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, Edward L Rispone Family Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $954.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Edward L Rispone Family Foundation has awarded 247 individual grants totaling $6,356,980. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDWARD L. RISPONE FAMILY FOUNDATION SUPPORTS THE SERVICES OF WORTHY CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward L Rispone President | 0.5 | $0 | |
Lauren Rispone Read Secretary | 0.5 | $0 | |
Thad E Rispone Treasurer | 0.5 | $0 | |
Dena R Balart Director | 0.5 | $0 | |
Linda L Rispone Director | 0.5 | $0 | |
Benjamin S Lemoine Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,359,456 |
| Interest on Savings | $76 |
| Dividends & Interest | $517,896 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$61,558 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,815,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $61,146 |
| Contributions, gifts, grants paid | $893,299 |
| Total expenses and disbursements | $954,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,294 |
| 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 | $17,318,182 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,376,476 |
| 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 Edward L Rispone Family Foundation has awarded $893,299 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SAINTS EPISCOPAL SCHOOL PURPOSE: TO PROVIDE FUNDS TO SUPPORT A CHRISTIAN ELEMENTARY SCHOOL | $3,000 |
ACE SCHOLARSHIPS LOUISIANA PURPOSE: TO PROVIDE FUNDS TO SUPPORT CHILDREN OF LOW-INCOME FAMILIES WITH SCHOLARSHIPS | $60,000 |
BATON ROUGE REGIONAL EYE BANK PURPOSE: TO PROVIDE FUNDS TO SUPPORT AN ORGANIZATION THAT PROVIDES THE HIGHEST QUALITY EYE TISSUE TO LOCAL OPHTHALMOLOGISTS FOR TRANSPLANT SURGERY | $1,000 |
BISHOP'S ANNUAL APPEAL - CATHOLIC DIOCESE OF BATON ROUGE PURPOSE: TO PROVIDE FUNDS TO SUPPORT THE OPERATIONS OF A CHRISTIAN CHURCH | $20,000 |
CAPITAL AREA LAW ENFORCEMENT FOUNDATION PURPOSE: TO PROVIDE FUNDS TO PROVIDE PROTECTIVE EQUIPMENT TO LAW ENFORCEMENT | $1,000 |
CATHOLIC COMMUNITY RADIO PURPOSE: TO PROVIDE FUNDS TO EXPAND THE OUTREACH OF A CHRISTIAN RADIO STATION | $1,000 |