Ross Foundation Inc
- Assets
- $60.9k
- Revenue
- $870.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Elyria, OH
- Founding
- 12/1985
- Data as of
- 05/2024
- EIN
- 34-1442262
Organization Overview
Ross Foundation Inc is located in Elyria, OH. The organization was established in 1985. 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. Ross Foundation Inc 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 05/2024, Ross Foundation Inc generated $870.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $947.0k during the year ending 05/2024. While expenses have increased by 31.8% 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, Ross Foundation Inc has awarded 75 individual grants totaling $2,179,327. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Cromling III Co-Pres/co-Chair/treasurer | 1 | $0 | |
Jon R Cromling Co-Pres/co-Chair/asst Trea | 1 | $0 | |
Christine M Cromling Director | 1 | $0 | |
Daniel Urban Secretary | 1 | $0 | |
Cynthia Cromling Director | 1 | $0 | |
William E Cromling II Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $870,247 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $870,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $360 |
| Total operating and administrative expenses | $360 |
| Contributions, gifts, grants paid | $946,688 |
| Total expenses and disbursements | $947,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,900 |
| Savings and temporary cash investments | $0 |
| 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 | $60,900 |
| 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, Ross Foundation Inc has awarded $946,688 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GRAFTON TOWNSHIP FIRE AND EMS FOUNDATION PURPOSE: GRANT FOR THE PURCHASE OF SEVEN (7) SETS OF TACTICAL GEAR | $13,802 |
GOOD KNIGHTS PURPOSE: GRANT FOR MATERIALS TO BUILD BEDS | $10,000 |
LAKE ERIE NATURE & SCIENCE CENTER PURPOSE: GRANT FOR THE WILDLIFE REHABILITATION AND ANIMAL CARE | $5,000 |
GRAFTON VILLAGE FIRE DEPARTMENT PURPOSE: GRANT FOR PURCHASE OF 20 HARRIS RADIOS | $68,198 |
HISTORIC GRAFTON SCHOOL INC PURPOSE: GRANT FOR THE PURCHASE OF MATERIALS FOR RENOVATIONS TO THE OLD GRAFTON SCHOOL | $21,283 |
MIDVIEW LOCAL SCHOOL DISTRICT PURPOSE: A GRANT TO THE MIDVIEW CHALLENGE GRANTS PROGRAM FOR 2023-2024 SCHOOL YEAR | $15,000 |