Nonprofit · EIN 87-4560827
RICHMAN FOUNDATION INC
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $31,389,116 | $564,879 | $30,824,237 | $28,976,907 | $0 | $28,976,907 |
| December 31, 2023 | 990-PF | $9,933,546 | $2,058,661 | $7,874,885 | $8,975,723 | $0 | $8,975,723 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,146,735
- Dividends
- $293,075
- Net gain from sales of assets
- $9,949,306
Expenses
- Grants and similar amounts paid
- $120,750
- Compensation of officers, directors and key employees
- $159,923
- Disbursements for charitable purposes
- $368,888
- Excise tax on investment income
- $141,785
Balance sheet and other
- Total assets, start of year
- $8,975,723
- Total assets, end of year
- $28,976,907
- Total liabilities, end of year
- $0
- Net assets, end of year
- $28,976,907
- Fair market value of assets
- $33,026,940
- Qualifying distributions
- $368,888
- Net investment income
- $10,242,381
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTEN S KINKOPF C/O 1040 PARK AVE SUITE 310, BALTIMORE, MD 21201 | SECRETARY | 40 | $159,923 | $23,354 |
| ARNOLD RICHMAN 218 N CHARLES STREET SUITE 220, BALTIMORE, MD 21201 | PRESIDENT / DIRECTOR | 2 | $0 | $0 |
| DANIEL W GEARY C/O 1040 PARK AVE SUITE 310, BALTIMORE, MD 21201 | TREASURER | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTEN S KINKOPF C/O 1040 PARK AVE SUITE 310, BALTIMORE, MD 21201 | SECRETARY | 40 | $141,300 | $38,188 |
| ARNOLD RICHMAN 218 N CHARLES STREET SUITE 220, BALTIMORE, MD 21201 | PRESIDENT / DIRECTOR | 2 | $0 | $0 |
| DANIEL W GEARY C/O 1040 PARK AVE SUITE 310, BALTIMORE, MD 21201 | TREASURER | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1040 PARK AVE STE 310, BALTIMORE, MD 21201-5635
- Signed the 990-PF
- ARNOLD RICHMAN, PRESIDENT
- Phone
- (443) 909-8833
- Website
- RICHMANFDN.ORG
- Return prepared by
- FRENCH SHEPLEY & STRONG LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-4560827
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $28,976,907
- Income (IRS master file)
- $49,653,123
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $31,389,116 | $564,879 | $28,976,907 | IRS |
| 990-PF | December 2023 | $9,933,546 | $2,058,661 | $8,975,723 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-4560827).
Questions about RICHMAN FOUNDATION INC
- What is the EIN of RICHMAN FOUNDATION INC?
- The employer identification number (EIN) of RICHMAN FOUNDATION INC is 87-4560827.
- Is RICHMAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to RICHMAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RICHMAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RICHMAN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHMAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RICHMAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $159,923 (KRISTEN S KINKOPF, SECRETARY).
- How much revenue does RICHMAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $31,389,116, expenses of $564,879 and total assets of $28,976,907 at year end.
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