Ross Foundation Inc
- Assets
- $57.5m
- Revenue
- $1.4m
- Investments
- $52.5m
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-4652067
Organization Overview
Ross Foundation Inc is located in Parkersburg, WV. The organization was established in 2006. 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. Ross 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 12/2021, Ross Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 7 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, Ross Foundation Inc has awarded 280 individual grants totaling $14,798,894. 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 |
|---|---|---|---|
Samuel B Ross II Chairman Of The Board | 0.75 | $0 | |
Susan S Ross Board Member | 0.75 | $0 | |
Melissa Ross Board Member | 0.75 | $0 | |
Spencer B Ross Board Member | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $380,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,008,318 |
| Capital Gain Net Income | $875,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,715 |
| Total Revenue | $1,427,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,100 |
| Other employee salaries and wages | $15,700 |
| Pension plans, employee benefits | $10,442 |
| Interest | $0 |
| Taxes | $31,849 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $380 |
| Printing and publications | $0 |
| Other expenses | $24,538 |
| Total operating and administrative expenses | $363,365 |
| Contributions, gifts, grants paid | $2,226,500 |
| Total expenses and disbursements | $2,589,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,660,767 |
| Savings and temporary cash investments | $131,787 |
| 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 | $19,144,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $200,000 |
| Total assets | $57,537,917 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $66,669 |
| 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 | $66,669 |
Grants Awarded
Over the last fiscal year, Ross Foundation Inc has awarded $2,226,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Parkersburg, WV PURPOSE: FINANCIAL SUPPORT FOR THE RENOVATIONS AND OPERATIONS OF THE CHILDREN'S MUSEUM. | $1,650,000 |
Morgantown, WV PURPOSE: FUNDS FOR THE WVU ATHLETICS PROGRAM | $400,000 |
Parkersburg, WV PURPOSE: FINANCIAL SUPPORT TO EVALUATE THE CREATION OF A HISTORIC DISTRICT FOR DOWNTOWN PARKERSBURG. | $41,500 |
Parkersburg, WV PURPOSE: OPERATING SUPPORT | $25,000 |
Columbus, OH PURPOSE: FUNDS FOR CENTER FOR COLORECTAL & PELVIC RECONSTRUCTION (CCPR) PROGRAM | $15,000 |
Parkersburg, WV PURPOSE: OPERATING SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |