Sarah Ralston Foundation
- Assets
- $58.1m
- Revenue
- $44.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 12/1934
- Data as of
- 12/2023
- EIN
- 23-1387107
Organization Overview
Sarah Ralston Foundation, operating under the name Ralston Center, is located in Philadelphia, PA. The organization was established in 1934. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Ralston Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ralston Center 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, Ralston Center generated $44.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 5.6% 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 2023, Ralston Center has awarded 47 individual grants totaling $1,995,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND ORGANIZATIONS THAT SERVE VULNERABLE AND UNDERSERVED PHILADELPHIA COUNTY OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAN TWO GRANT CYCLES. THE FIRST CYCLE WAS AN OPERATING GRANT CYCLE - THE APPLICATION WAS DUE 4/1/2023, THE AWARDS WERE ANNOUNCED 5-2023, AND PAYMENTS MADE 6-2023. TO QUALIFY FOR THIS GRANT, THERE WAS A BUDGET CAP. THE SECOND CYCLE WAS AN INNOVATIVE GRANT CYCLE - THE APPLICATION WAS DUE 9/1/2023, THE AWARDS WERE ANNOUNCED 11-2023, AND PAYMENTS WERE MADE 12-2023. MANY OF THE INNOVATIVE GRANTS WERE MULTI-YEAR. THE OPERATING GRANTS WERE ONLY AWARDED FOR ONE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette M Killen Executive Director | Officer | 40 | $220,560 |
Neville E Strumpf PHD Faan President | OfficerTrustee | 3 | $0 |
Benjamin T Hoyle Mga Vice President | OfficerTrustee | 1 | $0 |
Therese Devries Narzikul MBA Msn Secretary | OfficerTrustee | 1 | $0 |
Larry Daniels MBA Treasurer | OfficerTrustee | 1 | $0 |
Randall J Braunfeld MA Director | Trustee | 1 | $0 |
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 | $137,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,279 |
| Total Program Service Revenue | $11,380 |
| Investment income | $1,675,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,864,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,688,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,008,250 |
| 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. | $234,458 |
| Compensation of current officers, directors, key employees. | $58,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,735 |
| Pension plan accruals and contributions | $2,543 |
| Other employee benefits | $10,086 |
| Payroll taxes | $24,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,111 |
| Fees for services: Accounting | $85,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $171,737 |
| Fees for services: Other | $29,409 |
| Advertising and promotion | $27,498 |
| Office expenses | $16,140 |
| Information technology | $25,136 |
| Royalties | $0 |
| Occupancy | $21,114 |
| Travel | $225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,890 |
| Insurance | $33,583 |
| All other expenses | $509 |
| Total functional expenses | $2,837,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,394 |
| 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 | $14,126 |
| Net Land, buildings, and equipment | $7,160 |
| Investments—publicly traded securities | $55,882,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,974,604 |
| Total assets | $58,124,198 |
| Accounts payable and accrued expenses | $26,787 |
| 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 | $109,814 |
| Total liabilities | $136,601 |
| Net assets without donor restrictions | $54,175,642 |
| Net assets with donor restrictions | $3,811,955 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,124,198 |
Grants Awarded
Over the last fiscal year, Sarah Ralston Foundation has awarded $1,995,500 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
BROAD STREET MINISTRY PURPOSE: GEN OP | $50,000 |
CARIE PURPOSE: GEN OP | $50,000 |
CENTER IN THE PARK PURPOSE: GEN OP | $50,000 |
ARTZ PHILADELPHIA PURPOSE: GEN OP | $25,000 |
CHESTNUT HILL MEALS ON WHEELS PURPOSE: GEN OP | $18,000 |
FEDERATION HOUSING INC PURPOSE: GEN OP | $20,000 |