Gladys Johnson Ritchie Charitable Foundation
- Assets
- $1.1m
- Revenue
- $45.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Jacksboro, TX
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 75-6658985
Organization Overview
Gladys Johnson Ritchie Charitable Foundation is located in Jacksboro, TX. The organization was established in 2003. 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. Gladys Johnson Ritchie 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, Gladys Johnson Ritchie Charitable Foundation generated $45.9k 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 (4.1%) each year. All expenses for the organization totaled $52.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gladys Johnson Ritchie Charitable Foundation has awarded 42 individual grants totaling $330,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED 13000 TO CONCERNED CITIZENS
DONATED 10,900 TO GLADYS JOHNSON RITCHIE LIBRARY
DONATED 10,900 TO THE CITY OF JACKSBORO.
DONATED 1,800 TO JACK COUNTY RURAL FIRE DEPARTMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Scarbrough Trustee | 0 | $6,000 | |
Allen Birdwell Trustee | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,123 |
| Dividends & Interest | $33,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105 |
| Total Revenue | $45,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $441 |
| Total operating and administrative expenses | $14,271 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $52,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,693 |
| 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 | $664 |
| Total assets | $1,076,826 |
| 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, Gladys Johnson Ritchie Charitable Foundation has awarded $38,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONCERNED CITIZENS PURPOSE: SENIOR CITIZENS MEALS | $13,000 |
CITY OF JACKSBORO PURPOSE: CITY OF JACKSBORO | $10,900 |
GLADYS JOHNSON RITCHIE LIBRARY PURPOSE: LIBRARY OPERATIONS | $10,900 |
JACK COUNTY MUSEUM PURPOSE: MUSEUM OPERATIONS | $700 |
JACK COUNTY RURAL FIRE DEPT PURPOSE: DEPARTMENT OPERATIONS | $1,800 |
RATHGEBER HOSPITALITY HOUSE PURPOSE: OPERATIONS | $700 |