Ruth E Roach Memorial Scholarship Fund
- Assets
- $4.5m
- Revenue
- $195.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Maumee, OH
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 34-1799826
Organization Overview
Ruth E Roach Memorial Scholarship Fund is located in Maumee, OH. The organization was established in 1995. 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 E Roach Memorial Scholarship Fund 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 12/2023, Ruth E Roach Memorial Scholarship Fund generated $195.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.6%) each year. All expenses for the organization totaled $393.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruth E Roach Memorial Scholarship Fund has awarded 384 individual grants totaling $1,343,545. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank J Roach Trustee | 1 | $0 | |
Amy Clark Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $160,317 |
| Net Rental Income | -$42,256 |
| Net Gain on Sale of Assets | $34,786 |
| Capital Gain Net Income | $34,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,141 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,442 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,952 |
| Depreciation | $0 |
| Occupancy | $1,800 |
| Travel, conferences, and meetings | $3,377 |
| Printing and publications | $0 |
| Other expenses | $52,197 |
| Total operating and administrative expenses | $151,982 |
| Contributions, gifts, grants paid | $241,411 |
| Total expenses and disbursements | $393,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,884 |
| 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 | $4,328,574 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,811 |
| Total assets | $4,524,269 |
| 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 | $2,866 |
| Total liabilities | $2,866 |
Grants Awarded
Over the last fiscal year, Ruth E Roach Memorial Scholarship Fund has awarded $241,411 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIE KARRENBAUER PURPOSE: SCHOLARSHIP | $3,000 |
ALAINA DOBKOWSKI PURPOSE: SCHOLARSHIP | $10,000 |
ALYCIANA SISTOS PURPOSE: SCHOLARSHIP | $4,000 |
ALANA BROWN PURPOSE: SCHOLARSHIP | $4,000 |
ALYSE MARTIN PURPOSE: SCHOLARSHIP | $1,000 |
ANNA NICOLE POOL PURPOSE: SCHOLARSHIP | $2,500 |