Ruth J Jones Charitable Foundation
- Assets
- $3.5m
- Revenue
- $636.6k
- Investments
- $3.3m
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 30-0097675
Organization Overview
Ruth J Jones Charitable Foundation is located in Damariscotta, ME. The organization was established in 2002. 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. Ruth J Jones Charitable 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, Ruth J Jones Charitable Foundation generated $636.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $394.2k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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, Ruth J Jones Charitable Foundation has awarded 90 individual grants totaling $1,604,426. 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 | $4,285 |
| Dividends & Interest | $75,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $556,816 |
| Capital Gain Net Income | $556,816 |
| Net ST Capital Gain | $5,938 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $636,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,789 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,907 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,901 |
| Total operating and administrative expenses | $86,733 |
| Contributions, gifts, grants paid | $307,500 |
| Total expenses and disbursements | $394,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,922 |
| Savings and temporary cash investments | $181,281 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,526,362 |
| 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, Ruth J Jones Charitable Foundation has awarded $307,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM COLLEGE & SEMINARY PURPOSE: UNRESTRICTED | $50,000 |
DAMARISCOTTA BAPTIST CHURCH PURPOSE: UNRESTRICTED | $10,000 |
CARE NET OF MIDCOAST MAINE PURPOSE: UNRESTRICTED | $25,000 |
TWIN VILLAGES CHURCH PURPOSE: UNRESTRICTED | $25,000 |
THE PHILLIPIAN FELLOWSHIP PURPOSE: UNRESTRICTED | $5,000 |
JACK ROBERT PHOTOGRAPHY PURPOSE: UNRESTRICTED | $2,500 |