Richardson Improvement Corporation

Public charity · Grantmaker Richardson, TX EIN: 81-0552449

To provide professional assistance exclusively to the City of Richardson in the form of consulting services, planning processes, grant writing services, and the professional parks and recreation services at a cost below the cost that would be incurred if these services were obtained on the open market.

Key facts about Richardson Improvement Corporation

EIN
81-0552449
Latest 990 filing
Form 990-EZ, 2025
Total assets
$11,589

Data from IRS Form 990-EZ, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-EZ · View filing

Total Assets

$12K

-51.0% YoY

Revenue

—

Expenses

$10K

-1.7% YoY

About Richardson Improvement Corporation

Based on IRS filings

Richardson Improvement Corporation is a public charity focused on Recreation & Sports, based in Richardson, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $12K in total assets.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Richardson

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2MTotal only2019 0 grants2020 0 grants2021 0 grants2022 1 grant2023 0 grants2024 0 grants2025

From 2019 to 2023, annual grant giving ranged from $2K (2019) to $1.6M (2023). In 2023 it made 1 grant totaling $1.6M.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was in the $1–5M range: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$11,589$23,634$31,179
Revenue——$740
Expenses$9,711$9,879$1,602,607

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS June 18, 2020)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS July 30, 2024)
  3. Added Form 990-EZ for fiscal year 2025 (received by the IRS June 16, 2026)

Leadership & Key People

Officers and directors from IRS filings

Richardson Improvement Corporation is led by Donald G Magner, President on every filing since 2024; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Donald G Magner

    President

    On filings since 2024

    1 hr/week

    No compensation reported

  • Kent Pfeil

    Vice President

    On filings since 2024

    1 hr/week

    No compensation reported

  • Yvonne Falgout

    Secretary & Treasurer

    On filings since 2024

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: Lori Smeby (2024) — Former Secretary & Treasurer

Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Richardson Improvement Corporation

How large is Richardson Improvement Corporation?

Richardson Improvement Corporation reported $12K in total assets on its 2025 IRS Form 990-EZ.

What is Richardson Improvement Corporation?

Richardson Improvement Corporation is a public charity focused on Recreation & Sports, based in Richardson, TX. It holds $12K in total assets as of 2025.

Where does Richardson Improvement Corporation operate?

Richardson Improvement Corporation has awarded grants in Texas.

What is Richardson Improvement Corporation's EIN?

Richardson Improvement Corporation's EIN (Employer Identification Number) is 81-0552449. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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