Richardson Improvement Corporation
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.
Richardson Improvement Corporation at a glance
- Total assets
- $11,589
- -51.0% vs 2024
- Expenses (2025)
- $9,711
- -1.7% vs 2024
- Latest 990 filing
- Form 990-EZ, 2025 View filing
Data from IRS Form 990-EZ, 2025; updated September 2026.
Who Richardson Improvement Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Richardson Richardson, TX | general support | $1,597,332 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $11,589 | — | $9,711 | — | — | — |
| 2024 | $23,634 | — | $9,879 | — | — | — |
| 2023 | $31,179 | $740 | $1,602,607 | $1,597,332 | 1 | — |
| 2022 | $1,641,546 | — | $10,237 | — | — | — |
| 2021 | $1,653,568 | $2 | $11,556 | — | — | $2 |
| 2020 | $1,664,687 | $35 | $9,050 | — | — | $35 |
| 2019 | $1,671,852 | $42 | $10,850 | $2,000 | Total only | $42 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
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
Leadership & Key People
Officers and directors from IRS filings
Richardson Improvement Corporation is led by Donald G Magner, President since 2023 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Donald G Magner
President
Vice President → Vice President & President, 2022
Vice President & President → President, 2023
On filings since 2019
1 hr/week
No compensation reported
Kent Pfeil
Vice President
On filings since 2022
1 hr/week
No compensation reported
Yvonne Falgout
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Lori Smeby (2019–2024) — Former Secretary & Treasurer
- Former: Daniel A Johnson (2019–2023) — Former President
Data from IRS Form 990 filings, 2019–2025. "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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS July 30, 2024)
- Added Form 990 for fiscal year 2019 (received by the IRS June 18, 2020)
- Added Form 990-EZ for fiscal year 2025 (received by the IRS June 16, 2026)
Live grants for the work Richardson Improvement Corporation funds
Recreation & Sports Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Richardson Improvement Corporation's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Richardson Improvement Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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