Ross Foundation Inc
- Assets
- $38.6m
- Revenue
- $4.7m
- Investments
- $35.9m
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 05/2006
- Data as of
- 12/2023
- 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 12/2023, Ross Foundation Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $8.3m during the year ending 12/2023. While expenses have increased by 22.7% per year over the past 9 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 347 individual grants totaling $28,009,107. 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 III Chairman Of The Board, Executive Director | 40 | $132,500 | |
Susan S Ross Board Member | 0.75 | $0 | |
Spencer B Ross Board Member | 0.75 | $0 | |
Melissa Ross Board Member | 0.75 | $0 | |
J Philip Delavan Board Member | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $702,309 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,777,560 |
| Capital Gain Net Income | $3,777,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $265,477 |
| Total Revenue | $4,745,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,500 |
| Other employee salaries and wages | $15,700 |
| Pension plans, employee benefits | $11,467 |
| Interest | $0 |
| Taxes | $50,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,519 |
| Total operating and administrative expenses | $332,051 |
| Contributions, gifts, grants paid | $7,965,000 |
| Total expenses and disbursements | $8,297,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,525,315 |
| Savings and temporary cash investments | $18,649 |
| 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 | $19,022,115 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $200,000 |
| Total assets | $38,643,273 |
| 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 $7,965,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF PARKERSBURG PURPOSE: OPERATING SUPPORT | $15,000 |
ADOPT A GOLDEN ATLANTA INC PURPOSE: OPERATING SUPPORT | $10,000 |
BROADWAY CARES-EQUITY FIGHTS AIDS INC PURPOSE: OPERATING SUPPORT | $10,000 |
CHILDRENS MUSEUM OF THE MOV INC PURPOSE: FINANCIAL SUPPORT FOR THE RENOVATIONS AND OPERATIONS OF THE CHILDREN'S MUSEUM. | $1,800,000 |
DENVER CENTER FOR THE PERFORMING ARTS PURPOSE: OPERATING SUPPORT | $5,000 |
DOWNTOWN PKB PURPOSE: OPERATING SUPPORT | $50,000 |