Rich Foundation

Sugar Grove, IL
Tax-exempt since Sept. 2000
EIN: 36-4348318

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$795k (2024)

Expenses

$434k (2024)

Total Assets

$6.94M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$795,075

Expenses

$433,565

Net Income

$361,510

Net Assets

$6,938,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$127,523	16.0%
Sales of Assets	$667,552	84.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$382,292	88.2%
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	$6,938,079
Total Liabilities	$0
Net Assets	$6,938,079

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Glenn Geist (Director)	$0	$0
Daniel Ustian (Director)	$0	$0
Jonathan Meagher (Secretary)	$0	$0
Myrna Kulp (Director)	$0	$0
Kay Upham (Director)	$0	$0
Michael Reschke (Director)	$0	$0
Howard Ecker (Director)	$0	$0
Andrew Rich (Director)	$0	$0
Jesse Kulp (Director)	$0	$0
Martin Kolinski (Director)	$0	$0

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990-PF

Filed on May 12, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$613,049

Expenses

$494,895

Net Income

$118,154

Net Assets

$6,576,569

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$540,000	88.1%
Interest Revenue	$0
Dividends	$126,214	20.6%
Sales of Assets	-$53,165
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$455,776	92.1%
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	$6,576,569
Total Liabilities	$0
Net Assets	$6,576,569

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Glenn Geist (Director)	$0	$0
Dan Ustian (Director)	$0	$0
Jon Meagher (Director)	$0	$0

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990-PF

Filed on May 15, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

-$29,080

Expenses

$533,644

Net Income

-$562,724

Net Assets

$6,458,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$113,589
Sales of Assets	-$142,669
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$475,191	89.0%
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	$6,458,415
Total Liabilities	$0
Net Assets	$6,458,415

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Glenn Geist (Director)	$0	$0
Dan Ustian (Director)	$0	$0
Jon Meagher (Director)	$0	$0

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990-PF

Filed on May 15, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$826,288

Expenses

$3,001,465

Net Income

-$2,175,177

Net Assets

$7,021,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$192,360	23.3%
Sales of Assets	$633,928	76.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,952,600	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	$7,021,139
Total Liabilities	$0
Net Assets	$7,021,139

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Glenn Geist (Director)	$0	$0
Dan Ustian (Director)	$0	$0
Jon Meagher (Director)	$0	$0

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990-PF

Filed on May 13, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$207,483

Expenses

$243,633

Net Income

-$36,150

Net Assets

$9,196,315

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$185,744	89.5%
Sales of Assets	$21,739	10.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$195,739	80.3%
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	$9,196,316
Total Liabilities	$1
Net Assets	$9,196,315

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Glenn Geist (Director)	$0	$0
Dan Ustian (Director)	$0	$0
Jon Meagher (Director)	$0	$0

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990-PF

Filed on July 28, 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

$402,785

Expenses

$681,508

Net Income

-$278,723

Net Assets

$9,232,465

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$188,657	46.8%
Sales of Assets	$214,128	53.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$638,076	93.6%
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	$9,232,466
Total Liabilities	$1
Net Assets	$9,232,465

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0

990-PF

Filed on Aug. 28, 2020

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

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XML

Fiscal Year Ending Dec.
2018

Revenue

$513,687

Expenses

$726,420

Net Income

-$212,733

Net Assets

$9,511,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$184,223	35.9%
Sales of Assets	$329,464	64.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$673,348	92.7%
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	$9,511,189
Total Liabilities	$0
Net Assets	$9,511,189

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Jw Nelson (Director)	$0	$0
Keith Rich (Secretary)	$0	$0

990-PF

Filed on June 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

$420,143

Expenses

$487,004

Net Income

-$66,861

Net Assets

$9,723,922

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$168,935	40.2%
Sales of Assets	$251,208	59.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$431,244	88.6%
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	$9,723,922
Total Liabilities	$0
Net Assets	$9,723,922

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Jw Nelson (Director)	$0	$0
Keith Rich (Secretary)	$0	$0

990-PF

Filed on May 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$187,543

Expenses

$483,022

Net Income

-$295,479

Net Assets

$9,790,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$161,079	85.9%
Sales of Assets	$26,464	14.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$433,289	89.7%
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	$9,790,784
Total Liabilities	$1
Net Assets	$9,790,783

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (President)	$0	$0
Jw Nelson (Director)	$0	$0
Keith Rich (Secretary)	$0	$0

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

$1,052

Expenses

$304,475

Net Income

-$303,423

Net Assets

$10,086,262

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$174,504	> 100%
Sales of Assets	-$173,452
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$239,346	78.6%
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	$10,086,262
Total Liabilities	$0
Net Assets	$10,086,262

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (Director)	$0	$0
Jw Nelson (Director)	$0	$0
Keith Rich (Director)	$0	$0

990-PF

Filed on May 16, 2016

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

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Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$936,914

Expenses

$320,211

Net Income

$616,703

Net Assets

$10,389,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$626,297	66.8%
Interest Revenue	$0
Dividends	$189,017	20.2%
Sales of Assets	$121,600	13.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$256,157	80.0%
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	$10,389,685
Total Liabilities	$0
Net Assets	$10,389,685

Compensation

Key Employees and Officers	Compensation	Other
Jerome Rich (Director)	$0	$0
Jw Nelson (Director)	$0	$0
Keith Rich (Director)	$0	$0

990-PF

Filed on May 12, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$8,604,399

Expenses

$605,931

Net Income

$7,998,468

Net Assets

$9,772,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,441,485	98.1%
Interest Revenue	$0
Dividends	$55,714	0.6%
Sales of Assets	$107,200	1.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$600,025	99.0%
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	$9,772,982
Total Liabilities	$0
Net Assets	$9,772,982

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

Expenses

$459

Net Income

-$458

Net Assets

$1,774,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$309	67.3%
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	$1,774,514
Total Liabilities	$1
Net Assets	$1,774,513

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,770,003

Expenses

Net Income

$1,770,003

Net Assets

$1,774,972

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,770,000	100.0%
Interest Revenue	$3	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
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	$1,774,973
Total Liabilities	$1
Net Assets	$1,774,972

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Rich Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $795k (2024)

Expenses $434k (2024)

Total Assets $6.94M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$795k (2024)

Expenses

$434k (2024)

Total Assets

$6.94M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

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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.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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