Richard C Storkan Foundation
- Assets
- $442.9k
- Revenue
- $31.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Corona, CA
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 77-0193922
Organization Overview
Richard C Storkan Foundation is located in Corona, CA. The organization was established in 1989. 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. Richard C Storkan 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 12/2023, Richard C Storkan Foundation generated $31.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $29.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard C Storkan Foundation has awarded 20 individual grants totaling $169,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Vargas CEO | 2 | $0 | |
Michael Stanghellini Sec | 0.5 | $0 | |
Tom Duafala CFO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,500 |
| Interest on Savings | $165 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $31,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,352 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,179 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $29,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,095 |
| Savings and temporary cash investments | $412,802 |
| 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 | $0 |
| Total assets | $442,897 |
| 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, Richard C Storkan Foundation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ERIKA A CONSOLI PURPOSE: PLANT PATHOLOGY/NEMATOLOGY/MICROBIOME | $10,000 |
SANJIB SAPKOTA PURPOSE: MOLECULAR PLANT PATHOLOGY | $10,000 |