Rizad Foundation
- Assets
- $1.6m
- Revenue
- $23.9k
- Investments
- $636.5k
- Employees
- 0
- Location
- Kelso, WA
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 91-1368660
Organization Overview
Rizad Foundation is located in Kelso, WA. The organization was established in 1988. 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. Rizad 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, Rizad Foundation generated $23.9k 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 (13.6%) each year. All expenses for the organization totaled $33.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rizad Foundation has awarded 21 individual grants totaling $229,207. 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 |
|---|---|---|---|
Art Jordan President | 0 | $0 | |
Mark S Nelson Vp/treasurer | 0 | $0 | |
Mike Nichols Director | 0 | $0 | |
Colleen Greeley Director | 0 | $0 | |
Mark D Higgins Director | 0 | $0 | |
Lori Hendrickson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,239 |
| Interest on Savings | $2,422 |
| Dividends & Interest | $15,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,948 |
| Capital Gain Net Income | $18,016 |
| Net ST Capital Gain | $821 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,914 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,076 |
| Total operating and administrative expenses | $16,086 |
| Contributions, gifts, grants paid | $17,683 |
| Total expenses and disbursements | $33,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,007 |
| Savings and temporary cash investments | $751,820 |
| 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 | $1,562,327 |
| 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, Rizad Foundation has awarded $70,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COWLITZ COUNTY CHAPLAINCY PURPOSE: SUPPORT IN TIMES OF CRISIS. | $6,500 |
COWLITZ COUNTY SEARCH RESCUE PURPOSE: SEARCH & RESCUE TEAM MEMBERS COST REIMBURSEMENT. | $11,000 |
COWLITZ COUNTY SHERIFF RESERVES PURPOSE: CONTRIBUTE TO SHERIFF VOLUNTEER ACTIVITIES, EQUIPMENT PURCHASES AND MAINTENANCE. | $21,000 |
COWLITZ COUNTY DIVERESCUE PURPOSE: CONTRIBUTIONS FOR BUILDING MAINTENANCE, EQUIPMENT, SUPPLIES NEEDED TO PERFORM RESCUE MISSIONS. | $23,500 |
COWLITZ AUXILLARY COMMUNICATIONS PURPOSE: TO ASSIST WITH AUXILLIARY COMMUNICATIONS NEEDS. | $8,000 |