Overview
What is Ria Charitable Investments Inc?
Ria Charitable Investments Inc is a nonprofit corporation located in Dallas, Texas. Its primary mission is to manage two investment portfolios for 501(c)(3) organizations, all of which are involved in Bible translation and language development in minority languages. The first portfolio is a short-term one, which invests in various bonds and pays out a fixed interest rate to participating organizations monthly. The second portfolio is long-term, focusing on maximizing returns through stock and alternative investment mutual funds. The corporation's operations and gains/losses are allocated to each organization's account based on their investments.
Is Ria Charitable Investments Inc legitimate?
Ria Charitable Investments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ria Charitable Investments Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ria Charitable Investments Inc?
Ria Charitable Investments Inc is dedicated to managing an investment pool for 501(c)(3) organizations that focus on Bible Translation and language development in minority languages. The primary purpose of the corporation is to operate two portfolios: a short-term one investing in bonds and a long-term one in stocks and mutual funds. The short-term portfolio pays a fixed interest rate to each participating organization, while the long-term portfolio aims to maximize returns through capital appreciation and dividend income. The gains, losses, and expenses are allocated to each organization's account based on the amounts invested. In essence, Ria Charitable Investments Inc supports these organizations financially, enabling their work in Bible Translation and language development to continue.
Who is the CEO of Ria Charitable Investments Inc?
Don Buhler is the Principal Officer of Ria Charitable Investments Inc.
What is the revenue of Ria Charitable Investments Inc?
Ria Charitable Investments Inc's revenue in 2023 was $1,500,338.
Who are the executives of Ria Charitable Investments Inc and what are their salaries?
There 5 volunteers at Ria Charitable Investments Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $163,915
- Other: $52,612
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- Related: $101,776
- Other: $41,384
- Compensation: $0
- Related: $54,537
- Other: $17,092
- Compensation: $0
- Related: $36,921
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ria Charitable Investments Inc?
Ria Charitable Investments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ria Charitable Investments Inc
Ria Charitable Investments Inc is a corporation with a unique mission. Its primary objective is to operate an investment pool specifically for 501(c)(3) organizations. These organizations are all involved in various aspects of Bible translation and language development in minority languages. Ria Charitable Investments Inc manages two portfolios for the benefit of these participating organizations. The first portfolio is a short-term one, investing in investment-grade corporate bonds, government bonds, mortgage-backed bonds, and similar investment instruments. After covering expenses, this portfolio pays a fixed monthly interest rate to each supported organization, proportionate to the amount they've deposited. The interest rate is determined by the corporation's board of directors.
The second portfolio is a long-term one, investing in stock and alternative investment mutual funds. The goal is to maximize total return through capital appreciation and dividend income. Gains, losses, and operating expenses are allocated to each organization's account based on the amount they've invested in the portfolio. This innovative investment approach allows 501(c)(3) organizations that focus on Bible translation and language development in minority languages to benefit from Ria Charitable Investments Inc's management, potentially enhancing their resources for their noble causes.
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Impact
October, 2024
Ria Charitable Investments Inc significantly impacts supported 501(c)(3) organizations by providing tailored investment options that bolster their financial sustainability. By operating two distinct portfolios—a short-term portfolio focused on investment-grade securities and a long-term portfolio geared towards maximizing capital appreciation and dividend income—it empowers organizations engaged in Bible translation and language development.
The short-term portfolio allows these organizations to benefit from a steady fixed interest rate, enhancing their cash flow for operational needs. Meanwhile, the long-term portfolio encourages growth through exposure to stocks and alternative investment mutual funds, ultimately aiming to amplify the financial resources available for mission-driven activities.
By carefully managing these investment pools, Ria Charitable Investments Inc not only facilitates financial growth for its participants but also directly supports their mission to serve minority language communities, thereby fostering cultural preservation and communication within those groups. This dual focus on stability and growth enables these organizations to concentrate on their vital work with greater confidence and security.
This information is meant to be a general summary of Ria Charitable Investments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,500,338
- Gross Receipts: $1,500,338
Assets and Liabilities:
- Total Assets: $87,920,939
- Total Liabilities: $90,611,543
- Net Assets: -$2,690,604
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Organization Details
Founding Year
2012
Phone
(972) 708-7412Principal Officer
Don Buhler
Main Address
7500 W Camp Wisdom Rd, Dallas, TX, 75236
NTEE Category
Code: X12 - Religion related
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