Boaz And Ruth Inc
- Assets
- $1.8m
- Revenue
- $611.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Richmond, VA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 03-0376726
Organization Overview
Boaz And Ruth Inc is located in Richmond, VA. The organization was established in 2002. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, Boaz And Ruth Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boaz And Ruth Inc 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 12/2021, Boaz And Ruth Inc generated $611.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $588.1k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REBUILDING LIVES & COMMUNITIES THROUGH ECONOMIC REVITALIZATION, JOB TRAINING & RELATIONSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PERSON PROGRAMS SUSPENDED IN 2021. FOCUS AND PRIORITY PLACED ON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Wheeler Treasurer | OfficerTrustee | 2 | $0 |
Ryan Rinn Vice Chair | OfficerTrustee | 2 | $0 |
Gina Elbert Secretary | OfficerTrustee | 2 | $0 |
E Harkless Chair | OfficerTrustee | 2 | $0 |
Megan Rollins President/ceo | Officer | 60 | $0 |
M Edler-Nelson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,692 |
| Total Program Service Revenue | $199,189 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,218 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $611,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,039 |
| Compensation of current officers, directors, key employees. | $9,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,745 |
| Payroll taxes | $18,922 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,519 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,503 |
| Information technology | $9,970 |
| Royalties | $0 |
| Occupancy | $126,264 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,439 |
| Interest | $1,791 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,253 |
| Insurance | $19,782 |
| All other expenses | $0 |
| Total functional expenses | $588,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,275 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,307 |
| Net Land, buildings, and equipment | $1,264,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,552 |
| Other assets | $0 |
| Total assets | $1,787,774 |
| Accounts payable and accrued expenses | $24,973 |
| Grants payable | $0 |
| Deferred revenue | $31,276 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $190,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,291 |
| Total liabilities | $252,540 |
| Net assets without donor restrictions | $1,535,234 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,787,774 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Boaz And Ruth Inc has recieved totaling $109,532.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $56,250 |
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: SERVICES TO FORMERLY INCARCERATED, VULNERABLE | $40,000 |
Pga Tour Charities Inc Ponte Vedra Beach, FL PURPOSE: General Support | $7,892 |
Richard S Reynolds Foundation Richmond, VA PURPOSE: PRE-CONSTRUCTION SERVICES MANAGER | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $118 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Didlake Inc Manassas, VA | $83,729,100 | $98,283,544 |
Alliance Inc Timonium, MD | $15,933,056 | $21,376,645 |
Employment Solutions Inc Lexington, KY | $14,556,479 | $16,573,430 |
Seec Corporation Silver Spring, MD | $9,412,245 | $16,148,887 |
Community Alternatives Incorporated Norfolk, VA | $5,227,014 | $13,773,753 |
Ardmore Enterprises Inc Lanham, MD | $12,191,941 | $13,293,594 |
Eastern Carolina Vocational Center Inc Greenville, NC | $26,970,682 | $10,804,799 |
Portco Inc Suffolk, VA | $2,077,717 | $9,434,318 |
Southern Maryland Vocational Industries Incorporated Brandywine, MD | $15,709,947 | $11,646,301 |
Park Center Nashville, TN | $31,811,535 | $21,739,362 |
Providence Center Inc Glen Burnie, MD | $18,352,330 | $9,350,999 |
Johnston County Industries Inc Selma, NC | $6,782,486 | $8,118,141 |