Russell Foundation
- Assets
- $1.5m
- Revenue
- $97.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 06/2005
- Data as of
- 12/2023
- EIN
- 20-2021512
Organization Overview
Russell Foundation is located in Irving, TX. The organization was established in 2005. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Russell 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 12/2023, Russell Foundation generated $97.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $108.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Russell Foundation has awarded 268 individual grants totaling $746,950. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD ADVOCACY, EDUCATION/LITERACY, AND MENTORSHIP
ADAPTIVE SPORTS FOR PHYSICALLY DISABLED ADULTS
PROVIDING REPAIRS AND MAINTENACE TO VETERAN HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Flowers CEO And President | 2.5 | $0 | |
J Jefferson Flowers Director | 0 | $0 | |
Harriett T Flowers Director | 0 | $0 | |
Michael K Bredemeier Director | 0 | $0 | |
Sarah Bredemeier Martin Director | 0 | $0 | |
Richmond C Flowers Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,930 |
| Dividends & Interest | $35,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,819 |
| Capital Gain Net Income | $51,819 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,728 |
| Total operating and administrative expenses | $14,476 |
| Contributions, gifts, grants paid | $94,300 |
| Total expenses and disbursements | $108,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,758 |
| Savings and temporary cash investments | $32,887 |
| Net Accounts receivable | $1,164 |
| 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 | $150,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $404 |
| Total assets | $1,475,990 |
| 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, Russell Foundation has awarded $94,300 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKWOOD FLORIDA INC PURPOSE: DEDICATED TO TRANSFORMING THE LIVES OF ADOLESCENT GIRLS BY EMPOWERING THEM TO BECOME INDEPENDENT, PRODUCTIVE MEMBERS OF OUR COMMUNITY. | $5,000 |
ALL THINGS MADE NEW PURPOSE: PROVIDE MENTORSHIP, CHARACTER DEVELOPMENT, AND LIFE SKILLS TRAINING FOR YOUTH TO LEAD FULFILLING AND REWARDING LIVES. | $5,000 |
CHILDREN FIRST COUNSELING CENTER PURPOSE: DEDICATED TO PROVIDING HOPE AND HEALING THROUGH COMPREHENSIVE COUNSELING AND EDUCATION SERVICES FOR INDIVIDUALS OF ALL AGES | $5,000 |
CHILDREN'S ADVOCACY CENTER OF COLLIN COUNTY PURPOSE: PROVIDE SAFETY, HEALING, AND JUSTICE FOR CHILDREN VICTIMIZED BY ABUSE OR NEGLECT | $5,000 |
COMMUNITY PARTNERS OF DALLAS PURPOSE: PROVIDE WHAT ABUSED CHILDREN URGENTLY NEED TODAY TO THRIVE TOMORROW. | $5,000 |
DESIGN CONNECT CREATE PURPOSE: TO HELP GIRLS REALIZE THE POTENTIAL IN STEM AND THEMSELVES. | $5,000 |