The Ruthmarc Foundation Inc
- Assets
- $660.8k
- Revenue
- $316.6k
- Investments
- $239.8k
- Employees
- 0
- Location
- Surfside, FL
- Founding
- 10/2001
- Data as of
- 03/2024
- EIN
- 06-1580750
Organization Overview
The Ruthmarc Foundation Inc is located in Surfside, FL. The organization was established in 2001. 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. Ruthmarc Foundation 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 03/2024, Ruthmarc Foundation Inc generated $316.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $208.3k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ruthmarc Foundation Inc has awarded 136 individual grants totaling $3,393,500. 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 |
|---|---|---|---|
Andrew M Okun President/treasurer | 0 | $0 | |
Laurie R Okun Vice President/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $458 |
| Dividends & Interest | $20,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,224 |
| Capital Gain Net Income | $292,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,000 |
| Total Revenue | $316,631 |
| 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 | $137 |
| Total operating and administrative expenses | $137 |
| Contributions, gifts, grants paid | $208,200 |
| Total expenses and disbursements | $208,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $421,063 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $660,815 |
| 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, The Ruthmarc Foundation Inc has awarded $208,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVE MIAMI PURPOSE: EDUCATIONAL ACTIVITIES | $10,800 |
CLEVELAND CLINIC PHILANTHROPY INSTITUTE PURPOSE: PUBLIC INTEREST | $25,000 |
CLEVELAND CLINIC PHILANTHROPY INSTITUTE PURPOSE: PUBLIC INTEREST | $36,000 |
MOUNT SINAI MEDICAL CENTER FOUNDATION PURPOSE: PUBLIC INTEREST | $50,000 |
PRINCETON MEDICAL CENTER FND PURPOSE: PUBLIC INTEREST | $18,000 |
SEEDS ACCESS PURPOSE: EDUCATIONAL ACTIVITIES | $68,400 |