De Ramel Foundation
- Assets
- $12.2m
- Revenue
- $2.2m
- Investments
- $12.0m
- Employees
- 0
- Location
- Newport, RI
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-6190697
Organization Overview
De Ramel Foundation is located in Newport, RI. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. DE Ramel Foundation 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, DE Ramel Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $667.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, DE Ramel Foundation has awarded 317 individual grants totaling $5,087,340. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guillaume DE Ramel Trustee | 20 | $0 | |
Jennifer Pancione-Jenkins Administrator | 10 | $26,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $262 |
| Dividends & Interest | $310,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,875,585 |
| Capital Gain Net Income | $1,875,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,783 |
| Total Revenue | $2,192,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,496 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,908 |
| Taxes | $16,543 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,305 |
| Printing and publications | $0 |
| Other expenses | $58,368 |
| Total operating and administrative expenses | $170,268 |
| Contributions, gifts, grants paid | $497,157 |
| Total expenses and disbursements | $667,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,923 |
| 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 | $10,461,408 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,161,376 |
| 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 | $212 |
| Total liabilities | $212 |
Grants Awarded
Over the last fiscal year, De Ramel Foundation has awarded $497,157 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AQUIDNECK COMMUNITY TABLE PURPOSE: GENERAL PURPOSE | $20,000 |
BELMONT CHAPEL FOUNDATION PURPOSE: GENERAL PURPOSE | $100,000 |
BIKE NEWPORT PURPOSE: GENERAL PURPOSE | $10,000 |
COMMEMORATIVE AIR FORCE PURPOSE: GENERAL PURPOSE | $50,200 |
EMPOWERS AFRICA PURPOSE: GENERAL PURPOSE | $5,000 |
EAA AVIATION FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |