Ruth E Proud Charitable Tr
- Assets
- $2.3m
- Revenue
- $218.6k
- Investments
- $2.2m
- Employees
- 0
- Location
- North Adams, MA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 02-0691253
Organization Overview
Ruth E Proud Charitable Tr is located in North Adams, MA. The organization was established in 2007. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruth E Proud Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ruth E Proud Charitable Tr generated $218.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $229.8k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruth E Proud Charitable Tr has awarded 78 individual grants totaling $1,338,618. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $68,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $150,442 |
| Capital Gain Net Income | $150,442 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $218,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $94,807 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $229,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $90,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,219 |
| Total assets | $2,255,617 |
| Accounts payable and accrued expenses | $7,347 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,347 |
Grants Awarded
Over the last fiscal year, Ruth E Proud Charitable Tr has awarded $135,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MCLA FOUNDATION PURPOSE: EDUCATIONAL LECTURES | $25,000 |
NORTHERN BERKSHIRE UNITED WAY INC PURPOSE: TO SUPPORT MEMBER AGENCIES | $20,000 |
MASS MOCA FOUNDATION INC PURPOSE: ART & CULTURE TO ELEMENTARY STUDENTS | $35,000 |
EUC-HEALTH CARE INC PURPOSE: TO PROVIDE CARE FOR LOW INCOME INDIV | $1,000 |
ROOTS TEEN CENTER PURPOSE: TEEN WALK IN CENTER | $15,000 |
BERKSHIRE FOOD PROJECT PURPOSE: FOOD PANTRY | $25,000 |