The Rusty Staub Foundation Inc
- Assets
- $431.8k
- Revenue
- $704.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Peabody, MA
- Founding
- 02/1988
- Data as of
- 12/2018
- EIN
- 13-3340651
Organization Overview
The Rusty Staub Foundation Inc is located in Peabody, MA. The organization was established in 1988. 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. Rusty Staub 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 12/2018, Rusty Staub Foundation Inc generated $704.2k 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 (18.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATIONS THAT ARE "BENEFITING YOUTH AND FIGHTING HUNGER"
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATHOLIC CHARITIES OF NEW YORK-LOCATED IN NEW YORK CITY, THESE GRANTS FUND THE RUSTY STAUB FOUNDATION EMERGENCY FOOD PANTRIES PROGRAM WHICH FEEDS HUNGRY FAMILIES IN EACH OF THE FIVE BOROUGHS OF NEW YORK CITY.
NEW YORK POLICE AND FIRE WIDOWS AND CHILDRENS BENEFIT FUND-LOCATED IN NEW YORK CITY, THIS ORGANIZATION DISTRIBUTES FINANCIAL ASSISTANCE TO THE FAMILIES OF NEW YORK CITY POLICE, FIRE, EMERGENCY MEDICAL SERVICES AND PORT AUTHORITY OFFICERS THAT HAVE BEEN KILLED IN THE LINE OF DUTY.
JESUIT HIGH SCHOOL-LOCATED IN NEW ORLEANS, LOUISIANA WAS SELECTED BECAUSE THEY PROVIDE EDUCATIONAL SCHOLARSHIPS, GRANTS AND DONATIONS FOR CHARITABLE & EDUCATIONAL PURPOSES THAT PRIMARILY FOCUS ON "BENEFITING YOUTH AND FIGHTING HUNGER".
THE REMAINING ORGANIZATIONS THAT WERE PROVIDED GRANTS DURING 2018 WERE SELECTED BECAUSE THEY PROVIDE EDUCATIONAL SCHOLARSHIPS, GRANTS AND DONATIONS FOR CHARITABLE & EDUCATIONAL PURPOSES THAT PRIMARILY FOCUS ON "BENEFITING YOUTH AND FIGHTING HUNGER".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip M Mclaughlin Officer & Director | OfficerTrustee | 30 | $63,000 |
Michael Troise Officer & Director | Trustee | 20 | $55,000 |
Frank A Bille CPA Officer & Director | Trustee | 15 | $30,000 |
Daniel J Staub Deceased 32918 C.e.o. & Director | OfficerTrustee | 40 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,267 |
| Total Program Service Revenue | $0 |
| Investment income | $1,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,068,500 |
| 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. | $172,000 |
| Compensation of current officers, directors, key employees. | $147,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,897 |
| Fees for services: Management | $50,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,546,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $431,835 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $431,835 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $431,835 |
Grants Awarded
Over the last fiscal year, The Rusty Staub Foundation Inc has awarded $1,062,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF NEW YORK PURPOSE: THE GRANT PURPOSE WAS TO PROVIDE FINANCIAL AID THAT "BENEFITS YOUTH AND FIGHTS HUNGER". | $750,000 |
New York, NY PURPOSE: THE GRANT PURPOSE WAS TO PROVIDE FINANCIAL AID THAT "BENEFITS YOUTH AND FIGHTS HUNGER". | $250,000 |
JESUIT HIGH SCHOOL PURPOSE: THE GRANT PURPOSE WAS TO PROVIDE FINANCIAL AID THAT "BENEFITS YOUTH AND FIGHTS HUNGER". | $25,000 |
HARLEM EATUP FOUNDATION INC PURPOSE: THE GRANT PURPOSE WAS TO PROVIDE FINANCIAL AID THAT "BENEFITS YOUTH AND FIGHTS HUNGER". | $10,000 |
West Palm Beach, FL PURPOSE: THE GRANT PURPOSE WAS TO PROVIDE FINANCIAL AID THAT "BENEFITS YOUTH AND FIGHTS HUNGER". | $10,000 |
Stuart, FL PURPOSE: THE GRANT PURPOSE WAS TO PROVIDE FINANCIAL AID THAT "BENEFITS YOUTH AND FIGHTS HUNGER". | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Rusty Staub Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Holtz Family Foundation Inc Woodbury, NY PURPOSE: CHARITABLE | $100 |
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 |