Ruettgers Family Charitable Foundation
- Assets
- $24.4m
- Revenue
- $748.2k
- Investments
- $22.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1997
- Data as of
- 09/2023
- EIN
- 04-3340591
Organization Overview
Ruettgers Family Charitable Foundation is located in Boston, MA. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Ruettgers Family Charitable Foundation 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 09/2023, Ruettgers Family Charitable Foundation generated $748.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ruettgers Family Charitable Foundation has awarded 304 individual grants totaling $14,911,398. 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 |
|---|---|---|---|
Michael Ruettgers Trustee | 0 | $0 | |
Maureen Ruettgers Trustee | 0 | $0 | |
Christopher Ruettgers Trustee | 0 | $0 | |
Polly Fields Trustee | 0 | $0 | |
Abigail Flanagan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $304,449 |
| Dividends & Interest | $368,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,817 |
| Capital Gain Net Income | $8,817 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,707 |
| Total Revenue | $748,222 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,514 |
| Taxes | $5,754 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,889 |
| Total operating and administrative expenses | $192,434 |
| Contributions, gifts, grants paid | $1,380,500 |
| Total expenses and disbursements | $1,572,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,154,816 |
| 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 | $6,001,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,447,476 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ruettgers Family Charitable Foundation has awarded $1,380,500 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS FOR IMMIGRANT JUSTICE PURPOSE: GENERAL SUPPORT | $15,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL SUPPORT | $10,000 |
BOCA GRANDE HEALTH CLINIC FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
COLORADO CHAUTAUQUA ASSOCIATION PURPOSE: GENERAL SUPPORT | $3,000 |
CONCORD-CARLISLE COMMUNITY CHEST PURPOSE: GENERAL SUPPORT | $80,000 |
COVENANT HOUSE INTERNATIONAL PURPOSE: GENERAL SUPPORT | $10,000 |