2025-11-17T11:57:02-06:00 2024-12-31 WITHUMSMITHBROWNPC 200 S ORANGE AVESTE 1200 ORLANDO FL 328013400 990 2024-01-01 030385929 GORDON A RICH MEMORIAL FOUNDATION % EDDIE BAURER GORD 6468578525 1220 PARK AVENUE NEW YORK NY 10128 EDDIE BAURER TREASURER 6468578525 2025-11-17 true true ISRAEL TANNENBAUM CPA P01589203 4078491569 2024 2025-03-06 01:10:19Z EDDIE BAURER 1220 PARK AVENUE NEW YORK NY 10128 1490338 false X WWW.GORDONRICH.ORG X 2002 NY TO GRANT SCHOLARSHIPS FOR UNDERGRADUATE STUDY TO ELIGIBLE STUDENTS IN THE MEMORY OF MR. RICH. 22 22 0 22 0 0 238567 206267 0 0 211808 220022 0 0 450375 426289 301505 302718 0 0 0 0 0 0 29930 84382 84411 385887 387129 64488 39160 4710244 4908666 30048 0 4680196 4908666 X TO GRANT SCHOLARSHIPS FOR UNDERGRADUATE STUDY TO ELIGIBLE STUDENTS IN THE MEMORY OF MR. RICH. false false 302718 302718 The Foundation AWARDs SCHOLARSHIPS IN MEMORY OF MR. RICH TO DESERVING STUDENTS. The Foundation's mission is to award grants to support the higher education goals of its recipients. The recipients of the Foundation scholarships are exceptionally qualified high school students with demonstrated financial need whose parents or guardians have, or had, a career in the financial services industry. The Foundation paid 7 scholarships in 2024. 302718 true true false false false false false false false false false false false false false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 3 0 true 0 false false false false false false false false false false false false false false false X 22 22 true false false false false false false true true false false true false false false false false false NY X EDDIE BAURER 6468578525 1220 PARK AVE NEW YORK NY 10128 X KRISTIN ALLEN DIRECTOR 1.0 0.0 X 0 0 0 EDDIE BAURER TREASURER 1.0 0.0 X X 0 0 0 DOUGLAS BRAUNSTEIN DIRECTOR 1.0 0.0 X 0 0 0 JOSEPH CONEENY DIRECTOR 1.0 0.0 X 0 0 0 DAVID DENUNZIO DIRECTOR 1.0 0.0 X 0 0 0 BRIAN FINN DIRECTOR 1.0 0.0 X 0 0 0 MARC GRANETZ DIRECTOR 1.0 0.0 X 0 0 0 STEVE KOCH DIRECTOR 1.0 0.0 X 0 0 0 DAVID HIRST DIRECTOR 1.0 0.0 X 0 0 0 GEORGE HORNIG CO-TREASURER 1.0 0.0 X X 0 0 0 RON KASS DIRECTOR 1.0 0.0 X 0 0 0 SUSAN KILSBY DIRECTOR 1.0 0.0 X 0 0 0 MARGARITA LEVIN DIRECTOR 1.0 0.0 X 0 0 0 SCOTT LINDSAY DIRECTOR 1.0 0.0 X 0 0 0 DON MELTZER DIRECTOR 1.0 0.0 X 0 0 0 RODNEY MILLER DIRECTOR 1.0 0.0 X 0 0 0 JAMES PARKMAN DIRECTOR 1.0 0.0 X 0 0 0 MORT PIERCE DIRECTOR 1.0 0.0 X 0 0 0 ALEXANDER RICH DIRECTOR 1.0 0.0 X 0 0 0 MARYANN RICH PRESIDENT 1.0 0.0 X X 0 0 0 MIKE SCHELL DIRECTOR 1.0 0.0 X 0 0 0 GAIL ZAUDER DIRECTOR 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 206267 206267 0 176668 176668 0 0 0 0 0 0 1107403 1064049 43354 43354 43354 0 0 0 0 0 0 0 0 0 0 426289 0 220022 0 302718 302718 0 0 0 0 0 0 0 0 0 13310 13310 341 341 0 0 34936 34936 866 638 228 0 35 35 0 0 0 0 0 0 0 0 0 5068 5068 GALA EXPENSES 29702 29702 CREDIT FEES 153 153 387129 302718 54481 29930 X 103310 61939 53450 68780 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4553484 4777947 0 0 0 0 0 0 0 0 4710244 4908666 30048 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30048 0 X 4680196 4908666 0 0 4680196 4908666 4710244 4908666 39160 189310 X X false true X true false X 268899 198955 281367 238567 206267 1194055 0 0 268899 198955 281367 238567 206267 1194055 433880 760175 98134 135906 132739 140708 176667 684154 0 0 1878209 0.40473 0.36328 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 580663 189310 189310 391353 34936 34936 426289 352193 352193 34936 34936 387129 PART X, LINE 2 - LIABILITY FOR UNCERTAIN TAX POSITION THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAXES UNDER SIMILAR PROVISIONS. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAD NO UNRECOGNIZED BENEFITS AT DECEMBER 31, 2024 AND 2023 AND HAS INCURRED NO INTEREST OR PENALTIES RELATED TO INCOME TAXES FOR THE PERIODS PRESENTED IN THE FINANCIAL STATEMENTS. true EDUCATIONAL SCHOLARSHIPS 7 302718 Schedule I, Line 2 MONITORING OF GRANTS THE FOUNDATION SOLICITS APPLICATIONS THROUGH THEIR WEBSITE. APPLICANTS SUBMIT INFORMATION THAT IS REVIEWED BY A COMMITTEE OF BOARD MEMBERS. THEY REVIEW AND APPROVE THE SCHOLARSHIP APPLICATIONS AND PROVIDE INFORMATION TO A THIRD PARTY, SCHOLARSHIP AMERICA, THAT MANAGES THE PROCESS AND DISTRIBUTES THE CHECKS TO THE STUDENTS. THE SCHOLARSHIPS ARE REVIEWED ANNUALLY BY SCHOLARSHIP AMERICA THAT CERTAIN SCHOLARSHIP CRITERIA ARE MET IN ORDER TO DISBURSE THE SCHOLARSHIPS FOR THAT YEAR. FORM 990, LINE VI, LINE 11B: THE ORGANIZATION'S FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE "IRS"). THE ORGANIZATION'S BOARD OF DIRECTORS HAS BEEN DELEGATED THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR THE ORGANIZATION. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NONPROFIT TAX RETURN PREPARATION TO PREPARE THE FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S PRESIDENT AND CO-TREASURERS TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR REVIEW. THE INTERNAL WORKING GROUP REVIEWED THE DRAFT FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. FOLLOWING THE INTERNAL WORKING GROUP'S REVIEW AND APPROVAL OF THE FORM 990, THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, LINE 2: TWO DIRECTORS, ALEXANDER RICH AND MARYANN RICH, HAVE A FAMILY RELATIONSHIP.