Richaed Tam Foundation
- Assets
- $13.6m
- Revenue
- $249.5k
- Investments
- $13.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 06/1989
- Data as of
- 06/2023
- EIN
- 88-0241216
Organization Overview
Richaed Tam Foundation is located in Las Vegas, NV. 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. Richaed Tam 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 06/2023, Richaed Tam Foundation generated $249.5k 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 (13.5%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Richaed Tam Foundation has awarded 11 individual grants totaling $8,092,950. 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 |
|---|---|---|---|
R Ian Ross Executive Dir. | 5 | $0 | |
Judith L Sargent President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $173,005 |
| Dividends & Interest | $215,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$138,541 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $249,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $146,218 |
| Contributions, gifts, grants paid | $4,546,000 |
| Total expenses and disbursements | $4,692,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,029 |
| 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 | $13,638,946 |
| 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, Richaed Tam Foundation has awarded $4,546,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN PURPOSE: BIPOLAR RESEARCH/EDUCATION | $996,000 |
MAYO CLINIC PURPOSE: LUNG CANCER RESEARCH | $1,000,000 |
UNIVERSITY OF MICHIGAN PURPOSE: CANCER RESEARCH/EDUCATION | $2,550,000 |