Ruth J Jones Charitable Foundation
- Assets
- $3.3m
- Revenue
- $415.2k
- Investments
- $3.2m
- Employees
- 0
- Location
- Damariscotta, ME
- Founding
- 01/2002
- Data as of
- 12/2021
- 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 12/2021, Ruth J Jones Charitable Foundation generated $415.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $327.8k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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 76 individual grants totaling $1,296,926. 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 | $5,082 |
| Dividends & Interest | $83,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $326,311 |
| Capital Gain Net Income | $326,311 |
| Net ST Capital Gain | $8,752 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $415,223 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,001 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,585 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,765 |
| Total operating and administrative expenses | $88,580 |
| Contributions, gifts, grants paid | $239,268 |
| Total expenses and disbursements | $327,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,265 |
| Savings and temporary cash investments | $109,714 |
| 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 | $3,283,974 |
| 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 $239,268 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE MAINE PURPOSE: UNRESTRICTED | $50,000 |
West Linn, OR PURPOSE: UNRESTRICTED | $25,000 |
WISCASSET CHRISTIAN ACADEMY PURPOSE: PLAYGROUND | $25,000 |
ARRIVE MINISTRIES PURPOSE: UNRESTRICTED | $20,000 |
CARE NET OF MIDCOAST MAINE PURPOSE: UNRESTRICTED | $15,000 |
Minneapolis, MN PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |