Ruettgers Family Charitable Foundation
- Assets
- $25.9m
- Revenue
- $3.5m
- Investments
- $25.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1997
- Data as of
- 09/2021
- 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 09/2021, Ruettgers Family Charitable Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $2.0m during the year ending 09/2021. While expenses have increased by 0.3% per year over the past 5 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 2015, Ruettgers Family Charitable Foundation has awarded 234 individual grants totaling $13,225,474. 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 | |
Polly Fields Trustee | 0 | $0 | |
Christopher Ruettgers Trustee | 0 | $0 | |
Abigail Flanagan Trustee | 0 | $0 | |
Maureen Ruettgers Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,900 |
| Interest on Savings | $161,822 |
| Dividends & Interest | $542,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,685,649 |
| Capital Gain Net Income | $2,685,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $136,728 |
| Total Revenue | $3,537,367 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $26,224 |
| Taxes | $25,277 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126,637 |
| Total operating and administrative expenses | $321,962 |
| Contributions, gifts, grants paid | $1,699,100 |
| Total expenses and disbursements | $2,021,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $756,562 |
| 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 | $6,453,417 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,899,545 |
| 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 $1,699,100 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: GENERAL SUPPORT | $500,000 |
Burlington, MA PURPOSE: GENERAL SUPPORT | $200,000 |
Boston, MA PURPOSE: GENERAL SUPPORT | $197,000 |
MARANYUNDO INITIATIVE PURPOSE: GENERAL SUPPORT | $150,000 |
CATALOGUE FOR PHILANTHROPY PURPOSE: GENERAL SUPPORT | $100,000 |
WGBH PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |