Raymond E Riddick Memorial Scholarship Fund Inc
Raymond E Riddick Memorial Scholarship Fund Inc is a private foundation, based in LOWELL, MA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $188K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$188K
-2.7% YoY
Annual Giving
$10K
+34.7% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$10K
+304.0% YoY
Under IRS private-foundation payout rules, Raymond E Riddick Memorial Scholarship Fund Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Raymond E Riddick Memorial Scholarship Fund Inc
Based on IRS filings
Raymond E Riddick Memorial Scholarship Fund Inc is a private foundation, based in LOWELL, MA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $188K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $6K.
Ready to take the next step with Raymond E Riddick Memorial Scholarship Fund Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $187,569 | $192,675 | $183,482 |
| Revenue | $8,336 | $19,613 | $17,195 |
| Expenses | $13,442 | $10,420 | $14,661 |
| Qualifying Distributions | $10,405 | $9,970 | $14,347 |
| Net Investment Income | $5,987 | $17,353 | $13,848 |
| Distributable Amount | $10,961 | $9,948 | $11,258 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include LHS Stiudents ($10,100).
| Recipient | Purpose | Amount |
|---|---|---|
| LHS Stiudents Lowell, MA | Scholarships for LHS students | $10,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Christopher Dick | President | 1 | — |
| Marjorie Miller | Clerk | 0.5 | — |
| Rosanne Riddick | Treasurer | 1 | — |
| Walter Nelson | Director | 0.25 | — |
| George Basbanes | Director | 0.25 | — |
| Elizabeth Dick | Director | 0.25 | — |
Frequently Asked Questions
How large is Raymond E Riddick Memorial Scholarship Fund Inc?
As of 2024, Raymond E Riddick Memorial Scholarship Fund Inc holds $188K in total assets with $8K in annual revenue. It awarded 1 grants totaling $10K in 2024.
Where does Raymond E Riddick Memorial Scholarship Fund Inc operate?
Raymond E Riddick Memorial Scholarship Fund Inc has awarded grants in Massachusetts.
What size grants does Raymond E Riddick Memorial Scholarship Fund Inc award?
In 2024, Raymond E Riddick Memorial Scholarship Fund Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Raymond E Riddick Memorial Scholarship Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Raymond E Riddick Memorial Scholarship Fund Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Raymond E Riddick Memorial Scholarship Fund Inc's EIN?
Raymond E Riddick Memorial Scholarship Fund Inc's EIN (Employer Identification Number) is 04-2636854. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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