Ruth And Hal Launders Charitable Tr
- Assets
- $41.5m
- Revenue
- $598.1k
- Investments
- $18.7m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 02/2009
- Data as of
- 04/2023
- EIN
- 02-0703907
Organization Overview
Ruth And Hal Launders Charitable Tr is located in Herndon, VA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 And Hal Launders 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 04/2023, Ruth And Hal Launders Charitable Tr generated $598.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $2.6m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ruth And Hal Launders Charitable Tr has awarded 208 individual grants totaling $3,901,871. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur A Anselene Co-Trustee, Treasurer | 6 | $15,000 | |
Rebecca F Fehrs Co-Trustee | 6 | $30,000 | |
Jerome L Lonnes Co-Trustee | 3 | $30,000 | |
Eugenie W Maine Co-Trustee, Secretary | 6 | $30,000 | |
Whitney Webb Co-Trustee | 4 | $12,500 | |
Catherine P Whelan Co-Trustee, Chairman Of The Board | 6 | $30,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pennoni Associates Inc | 4/29/23 | $279,725 |
Total Development Solutions Llc | 4/29/23 | $250,104 |
Paraclete Realty Llc | 4/29/23 | $153,000 |
Putnam Consulting Group Llc | 4/29/23 | $67,500 |
Hunton Andrews Kurth Llp | 4/29/23 | $128,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,918 |
| Dividends & Interest | $502,361 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,100 |
| Capital Gain Net Income | $73,100 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,709 |
| Total Revenue | $598,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $263,838 |
| Pension plans, employee benefits | $35,130 |
| Interest | $0 |
| Taxes | $312,108 |
| Depreciation | $0 |
| Occupancy | $19,842 |
| Travel, conferences, and meetings | $37,677 |
| Printing and publications | $0 |
| Other expenses | $665,136 |
| Total operating and administrative expenses | $1,778,539 |
| Contributions, gifts, grants paid | $865,602 |
| Total expenses and disbursements | $2,644,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,394 |
| Savings and temporary cash investments | $3,024,977 |
| 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 | $19,619,281 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,255,799 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $74,687 |
| Total assets | $41,472,217 |
| Accounts payable and accrued expenses | $0 |
| 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 | $108,494 |
| Total liabilities | $108,494 |
Grants Awarded
Over the last fiscal year, Ruth And Hal Launders Charitable Tr has awarded $865,602 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA-OMEGA MIRACLE HOME PURPOSE: AOMH PROVIDES SHELTER SUPPORT AND HOPE TO SENIOR WOMEN AND TO SINGLE MOTHERS AND THEIR CHILDREN WHILE FOCUSING ON GUIDING INDIVIDUALS FROM HOMELESSNESS TO SELF SUFFICIENCY. | $10,000 |
AMERICAN HEALTH ASSISTANCE FOUNDATION PURPOSE: FUNDING WILL BE USED TO SUPPORT THE STUDIES OF FIRST-RATE RESEARCHERS AND EDUCATIONAL INITIATIVES FOCUSED ON TREATING AND ASSISTING PERSONS WITH MACULAR DEGENERATION. | $10,000 |
ARC OF JACKSONVILLE PURPOSE: THIS GRANT WILL HELP INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DIFFERENCES TO ACHIEVE THEIR FULL POTENTIAL AND PARTICIPATE IN COMMUNITY LIFE. | $10,000 |
ARLINGTON THRIVE INC PURPOSE: THIS GRANT WILL BE USED FOR GENERAL OPERATING SUPPORT IN FURTHERANCE OF THE ORGANIZATIONS CHARITABLE PURPOSE TO PROVIDE SAME-DAY EMERGENCY FINANCIAL ASSISTANCE TO ARLINGTON AREA RESIDENTS WHO ARE FACING A SHORT-TERM CRISIS. | $10,000 |
BARTLETT ARBORETUM ASSOCIATION INC PURPOSE: THIS GRANT IS FOR BUILDING AND RENOVATIONS OF THE GREENHOUSE TO BECOME THE NEW HORTICULTURE COMPLEX OF THE AT THE BARTLETT ARBORETUM & GARDENS, A SANCTUARY RETREAT. | $15,000 |
BEAUTIFUL DAY PURPOSE: THIS GRANT WILL PROVIDE GENERAL OPERATING SUPPORT PROVIDING TRAINING FOR REFUGEES TO ASSIST WITH RESETTLEMENT SKILLS. | $20,000 |