The Ring Fund Inc
- Assets
- $2.5m
- Revenue
- $134.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2019
- Data as of
- 10/2023
- EIN
- 82-3600481
Organization Overview
The Ring Fund Inc is located in New York, NY. The organization was established in 2019. 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. Ring Fund 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 10/2023, Ring Fund Inc generated $134.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $135.0k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PRESELECTED PUBLIC EXEMPT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Ring President | 0 | $0 | |
Louise Ring Secretary | 0 | $0 | |
Joshua Ring Treasurer | 0 | $0 | |
Adam Ring Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,919 |
| Dividends & Interest | $154,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,458 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$16,243 |
| Total Revenue | $134,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,754 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $5,004 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $135,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,247 |
| 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 | $2,515,121 |
| 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 Ring Fund Inc has awarded $300,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MESIFTA TIFERETH ISRAEL OF RIZHIN PURPOSE: BEAUTIFICATION OF CAMPUS IN MODIIN ILIT, ISRAEL | $75,000 |
LURIA ACADEMY OF BROOKLYN PURPOSE: STUDY HALL | $221,000 |
LIGHTHOUSE GUILD PURPOSE: GENERAL EXEMPT OPERATING PURPOSES | $4,000 |