Mary Lea Johnson Richards

NEW YORK, NY EIN: 65-6236791

Mary Lea Johnson Richards is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $852K in total assets. In 2024, it awarded 2 grants totaling $80K. Net investment income was $75K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$852K

-18.8% YoY

Annual Giving

$80K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$40K

+0.0% YoY

Under IRS private-foundation payout rules, Mary Lea Johnson Richards reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.

About Mary Lea Johnson Richards

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $300K (100%)

States

New York

Cities

New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$852,395	$1,049,837	$1,002,953
Revenue	$83,202	$22,409	$70,991
Expenses	$130,593	$123,257	$113,966
Qualifying Distributions	$105,813	$97,962	$93,658
Net Investment Income	$74,598	$30,716	$66,438
Distributable Amount	$79,658	$75,689	$80,882

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The New York Center for Children ($50,000), Broadway Caresequity Fights Aids ($30,000).

Recipient	Purpose	Amount
BROADWAY CARESEQUITY FIGHTS AIDS NEW YORK, NY	IN SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE	$30,000
THE NEW YORK CENTER FOR CHILDREN NEW YORK, NY	IN SUPPORT OF THE ORGANIZATION'S TAX EXEMPT PURPOSE	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KENNETH MERSEL	MANAGER/TRUSTEE	2	—
DIANA ELAINE BEKMYRZA	MANAGER/TRUSTEE	1	—

Frequently Asked Questions

How large is Mary Lea Johnson Richards?

As of 2024, Mary Lea Johnson Richards holds $852K in total assets with $83K in annual revenue. It awarded 2 grants totaling $80K in 2024.

Where does Mary Lea Johnson Richards operate?

Mary Lea Johnson Richards has awarded grants in New York.

What size grants does Mary Lea Johnson Richards award?

In 2024, Mary Lea Johnson Richards awarded 2 grants totaling $80K — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is Mary Lea Johnson Richards required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary Lea Johnson Richards reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.