Ralph And Clara Shuster Foundation Inc
- Assets
- $1.8m
- Revenue
- $174.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 07/1961
- Data as of
- 11/2022
- EIN
- 22-1714042
Organization Overview
Ralph And Clara Shuster Foundation Inc is located in Providence, RI. The organization was established in 1961. 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. Ralph And Clara Shuster 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 11/2022, Ralph And Clara Shuster Foundation Inc generated $174.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $151.6k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ralph And Clara Shuster Foundation Inc has awarded 313 individual grants totaling $897,369. 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 |
|---|---|---|---|
Mathew Shuster Director | 2 | $0 | |
Grace Goldberg Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,547 |
| Dividends & Interest | $14,922 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $133,531 |
| Capital Gain Net Income | $133,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $174,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,010 |
| Total operating and administrative expenses | $17,115 |
| Contributions, gifts, grants paid | $134,521 |
| Total expenses and disbursements | $151,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,609 |
| Savings and temporary cash investments | $266,918 |
| Net Accounts receivable | $500 |
| 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 | $1,834,231 |
| 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, Ralph And Clara Shuster Foundation Inc has awarded $134,521 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: GENERAL CHARITABLE | $36,800 |
TEMPLE EMANUEL RABBI FUND PURPOSE: GENERAL CHARITABLE | $25,000 |
Providence, RI PURPOSE: GENERAL CHARITABLE | $18,000 |
SOUL SUPPORT PURPOSE: GENERAL CHARITABLE | $10,000 |
SHUL ON THE BEACH PURPOSE: GENERAL CHARITABLE | $10,000 |
JEWISH COMMUNITY DAY SCHOOL PURPOSE: GENERAL CHARITABLE | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Flatley Foundation Braintree, MA | $730,489,671 | $65,780,367 |
Iiegn Family Foundation Boston, MA | $7,705,932 | $1,021,594 |
Ge Foundation Norwalk, CT | $5,053,086 | $27,501,215 |
State Street Foundation Inc Boston, MA | $7,590,446 | $6,540 |
Edward C Johnson Fund Boston, MA | $418,919,628 | $48,451,859 |
Broad Reach Foundation Boston, MA | $154,449,873 | $51,427,992 |
Tjx Foundation Inc Framingham, MA | $84,142,448 | $26,109,203 |