Regent Philanthropic Foundation Inc
- Assets
- $5.5m
- Revenue
- $606.0k
- Investments
- $3.5m
- Employees
- 0
- Location
- Hunt Valley, MD
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-3343778
Organization Overview
Regent Philanthropic Foundation Inc is located in Hunt Valley, MD. The organization was established in 2019. 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. Regent Philanthropic 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 12/2021, Regent Philanthropic Foundation Inc generated $606.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.5%) each year. All expenses for the organization totaled $14.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexey Kononenko Director | 1 | $0 | |
Dilip B Patel President, Director | 1 | $0 | |
Joshua N Morgenstern Treasurer, Secretary, Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,380 |
| Dividends & Interest | $337,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $227,879 |
| Capital Gain Net Income | $216,023 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,555 |
| Total Revenue | $606,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,484 |
| Total operating and administrative expenses | $216,807 |
| Contributions, gifts, grants paid | $14,233,500 |
| Total expenses and disbursements | $14,450,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,992,253 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,466,613 |
| 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, Regent Philanthropic Foundation Inc has awarded $14,233,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EUROPEAN FOUNDATION FOR SUPPORT OF CULTURE PURPOSE: SEE EXPENDITURE RESPONSIBILITY STATEMENT NO. 1, 2, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 20, 21, 22, 23 | $12,775,012 |
MUSIC FOR THE FUTURE CULTURAL FOUNDATION PURPOSE: SEE EXPENDITURE RSSPONSIBILITY STATEMENT NO. 1, 3, 5, 17, 18, 19 | $1,458,488 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |