James M Ragen Jr Memorial Fund Trust
- Assets
- $2.4m
- Revenue
- $85.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/1975
- Data as of
- 12/2022
- EIN
- 23-7444822
Organization Overview
James M Ragen Jr Memorial Fund Trust is located in Milwaukee, WI. The organization was established in 1975. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James M Ragen Jr Memorial Fund Trust 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 12/2022, James M Ragen Jr Memorial Fund Trust generated $85.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $188.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, James M Ragen Jr Memorial Fund Trust has awarded 142 individual grants totaling $859,293. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,260 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $33,548 |
| Capital Gain Net Income | $33,548 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $99 |
| Total Revenue | $85,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,967 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $48,798 |
| Contributions, gifts, grants paid | $139,999 |
| Total expenses and disbursements | $188,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,548 |
| 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 | $2,269,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,571 |
| Total assets | $2,410,373 |
| 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, James M Ragen Jr Memorial Fund Trust has awarded $139,999 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
UCLA FOUNDATION PURPOSE: GENERAL OPERATING | $4,000 |
OCEANA PURPOSE: GENERAL OPERATING | $5,000 |
NOONAN ACADEMY PURPOSE: GENERAL OPERATING | $8,500 |
FLORIDA BREAST CANCER COALITION RESEARCH PURPOSE: GENERAL OPERATING | $28,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: GENERAL OPERATING | $3,000 |
ST JOSEPH HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $7,000 |