Victor M Richel Family Foundation Inc

Elizabeth, NJ
Tax-exempt since March 2000
EIN: 22-3681344

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$15.6k (2023)

Expenses

$18.4k (2023)

Total Assets

$24.6k (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$15,628

Expenses

$18,412

Net Income

-$2,784

Net Assets

$24,606

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$14,671	93.9%
Interest Revenue	$18	0.1%
Dividends	$0
Sales of Assets	$939	6.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,417	89.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,606
Total Liabilities	$0
Net Assets	$24,606

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$61,576

Expenses

$47,257

Net Income

$14,319

Net Assets

$27,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$61,390	99.7%
Interest Revenue	$0
Dividends	$186	0.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,266	95.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,390
Total Liabilities	$0
Net Assets	$27,390

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on May 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$2,527

Expenses

$3,162

Net Income

-$635

Net Assets

$13,071

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,400	95.0%
Interest Revenue	$0
Dividends	$127	5.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,362	43.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,071
Total Liabilities	$0
Net Assets	$13,071

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on Oct. 25, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$106

Expenses

$4,246

Net Income

-$4,140

Net Assets

$10,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12	11.3%
Dividends	$94	88.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,000	94.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,904
Total Liabilities	$1
Net Assets	$10,903

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on Sept. 9, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$18,632

Expenses

$26,666

Net Income

-$8,034

Net Assets

$54,617

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35	0.2%
Dividends	$417	2.2%
Sales of Assets	$18,180	97.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,100	86.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$54,618
Total Liabilities	$1
Net Assets	$54,617

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on July 8, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$17,457

Expenses

$28,674

Net Income

-$11,217

Net Assets

$62,652

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,058	6.1%
Interest Revenue	$64	0.4%
Dividends	$1,132	6.5%
Sales of Assets	$15,203	87.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,100	94.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$62,652
Total Liabilities	$0
Net Assets	$62,652

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on May 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$92,858

Expenses

$25,711

Net Income

$67,147

Net Assets

$73,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$89,386	96.3%
Interest Revenue	$9	0.0%
Dividends	$269	0.3%
Sales of Assets	$3,194	3.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,425	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$73,869
Total Liabilities	$0
Net Assets	$73,869

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on April 4, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$12,246

Expenses

$12,022

Net Income

$224

Net Assets

$6,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,000	98.0%
Interest Revenue	$3	0.0%
Dividends	$243	2.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,750	97.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,722
Total Liabilities	$0
Net Assets	$6,722

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on May 8, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$19,225

Expenses

$20,760

Net Income

-$1,535

Net Assets

$6,498

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$19,000	98.8%
Interest Revenue	$1	0.0%
Dividends	$224	1.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,490	98.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,498
Total Liabilities	$0
Net Assets	$6,498

Compensation

Key Employees and Officers	Compensation	Other
Victor M Richel (Director)	$0	$0
Andrea Richel (Director)	$0	$0
John D Richel (Director)	$0	$0
David L Richel (Director)	$0	$0
Susan R Marchelitis (Director)	$0	$0
Denise Collins (Asst. Secretary)	$0	$0

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990-PF

Filed on July 20, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$21,563

Expenses

$27,535

Net Income

-$5,972

Net Assets

$8,033

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,335	98.9%
Interest Revenue	$2	0.0%
Dividends	$226	1.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,105	98.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$8,033
Total Liabilities	$0
Net Assets	$8,033

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$26,143

Expenses

$18,751

Net Income

$7,392

Net Assets

$14,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,955	80.2%
Interest Revenue	$5	0.0%
Dividends	$585	2.2%
Sales of Assets	$4,598	17.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$15,315	81.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$14,005
Total Liabilities	$0
Net Assets	$14,005

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$48,396

Expenses

$45,082

Net Income

$3,314

Net Assets

$24,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$47,983	99.1%
Interest Revenue	$398	0.8%
Dividends	$0
Sales of Assets	$15	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,721	94.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,415
Total Liabilities	$0
Net Assets	$24,415

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$5,784

Expenses

$44,809

Net Income

-$39,025

Net Assets

$21,101

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100	1.7%
Interest Revenue	$1,437	24.8%
Dividends	$50	0.9%
Sales of Assets	$4,197	72.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,156	89.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,101
Total Liabilities	$0
Net Assets	$21,101

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Victor M Richel Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $15.6k (2023)

Expenses $18.4k (2023)

Total Assets $24.6k (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$15.6k (2023)

Expenses

$18.4k (2023)

Total Assets

$24.6k (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001