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Rizad Foundation EIN 91-1368660 Form 990 (PDF) Claim this org

Rizad Foundation

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A private foundation based in Kelso, WA. It reported about $68K in revenue for 2024. For fiscal year 2024 it reported $68K in revenue, $120K in expenses, and $1.4M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Kelso, WA
Filings
5 on file (2020–2024)
Revenue
$68KFY2024
Expenses
$120K
Net assets
$1.4M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-1368660 Private foundation / grantmaker Kelso, WA
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Kelso, WA. It reported about $68K in revenue for 2024.
Leadership
Art Jordan · President
Money in and out
$68K revenue, $120K expenses
Bottom line
—
Grants paid & assets · FY2024
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$52K
Total assets
1.4M
deployed as grants and operations
Grants paid
103K
in FY2024
Grants made
6grants
total in period
Payout rate
7%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 6 grants · $103K · 2024–2024
Cowlitz Co Search & RescueFY2024$33,636
Auxiliary Communication ServiceFY2024$25,585
Cowlitz Co Sar CouncilFY2024$19,974
Cowlitz Co Sheriff's ReservesFY2024$12,000
Cowlitz Co Fire District 1FY2024$10,900
Cowlitz ChaplaincyWA · FY2024$1,200

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$17K
Median grantPart XV$20K
Largest grantPart XV$34K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$68K
FY2024▲ +50%
Expenses
$120K
FY2024▼ -31%
Total assets
$1.4M
FY2024▼ -3%
Total liabilities
$0
FY2024
Total revenue
$68K
Pt VIII · Ln 12
Total expenses
$120K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Total assetsPt II$1.4M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRizad Foundation
EINHdr · item D91-1368660
Principal addressHdr · item CKelso, WA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Art Jordan
President
$0Pt VII · Sec A
Mark S Nelson
VP/Treasurer
$0Pt VII · Sec A
Mike Nichols
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nick Lemiere
Director
$0Pt VII · Sec A
Peggy Sparks
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$63K · 92%
Contributions & grants$5K · 8%
Investment income92%$63K
Contributions & grants8%$5K
Total revenueLn 12$68K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.86 Operating & administrative $0.14
Grants & contributions paid86%$103K
Operating & administrative14%$17K
Total functional expensesLn 25$120K

Balance Sheet

Part X · end of year
CashLn 1$830K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed83.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.4M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $68K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $68K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $68K · Prior year $46K
+50%
Revenue CAGR
FY2020 $63K · FY2024 $68K
+2%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $68K · Expenses $120K
-75%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
People & payroll
Highest Reported Total Compensation
Individual Art Jordan · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $120K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 50%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$68K revenue · viewing · ⤓ 990 PDF
FY2023$46K revenue · ⤓ 990 PDF
FY2022$24K revenue · ⤓ 990 PDF
FY2021$80K revenue · ⤓ 990 PDF
FY2020$63K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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