Victor M Richel Family Foundation Inc
Victor M Richel Family Foundation Inc is a private foundation, based in Elizabeth, NJ. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $10K in total assets. In 2024, it awarded 5 grants totaling $3K.
Victor M Richel Family Foundation Inc at a glance
In short: Victor M Richel Family Foundation Inc gave $3K across 5 grants in 2024 (avg $520), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,600
- -83.1% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $520
- -86.5% vs 2023
- Median grant
- $100
- Total assets
- $10,411
- -57.7% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Victor M Richel Family Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Victor M Richel Family Foundation Inc gives
- Giving grew 420% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $500 (2021) to $44K (2022). In 2024 it made 5 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 5 grants to individuals Recipients not named | — | $2,600 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $10,411 | $2,100 | $16,295 | $2,600 | 5 | $7,175 | — |
| 2023 | $24,606 | $15,628 | $18,412 | $15,416 | 4 | $16,417 | — |
| 2022 | $27,390 | $61,576 | $47,257 | $44,266 | 11 | $45,266 | — |
| 2021 | $13,071 | $2,527 | $3,162 | $500 | 1 | $1,362 | — |
| 2020 | $10,904 | $106 | $4,246 | $4,000 | 3 | — | $106 |
| 2019 | $54,618 | $18,632 | $26,666 | $23,100 | 5 | — | $18,632 |
Leadership & Key People
Officers and directors from IRS filings
Victor M Richel Family Foundation Inc's 2024 filing lists 6 officers; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrea Richel
Director
On filings since 2019
No compensation reported
David L. Richel
Director
On filings since 2019
No compensation reported
John D. Richel
Director
On filings since 2019
No compensation reported
Susan R. Marchelitis
Director
On filings since 2019
No compensation reported
Victor M. Richel
Director
On filings since 2019
No compensation reported
Denise Collins
Assistant Secretary
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 Victor M Richel Family Foundation Inc
How much does Victor M Richel Family Foundation Inc give each year?
Victor M Richel Family Foundation Inc gave $3K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 4 grants.
What is Victor M Richel Family Foundation Inc's typical grant size?
Victor M Richel Family Foundation Inc's median grant in 2024 was $100, and its average grant was $520, across 5 grants on its 2024 IRS Form 990-PF.
Where does Victor M Richel Family Foundation Inc give grants?
Victor M Richel Family Foundation Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Victor M Richel Family Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Victor M Richel Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is Victor M Richel Family Foundation Inc?
Victor M Richel Family Foundation Inc reported $10K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $2K.
What is Victor M Richel Family Foundation Inc's EIN?
Victor M Richel Family Foundation Inc's EIN (Employer Identification Number) is 22-3681344. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
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