Ralph T & Esther Warburton Foundation
- Assets
- $4.6m
- Revenue
- $245.9k
- Investments
- $4.1m
- Employees
- 0
- Location
- Independence, OH
- Founding
- 10/1966
- Data as of
- 12/2022
- EIN
- 34-6574882
Organization Overview
Ralph T & Esther Warburton Foundation is located in Independence, OH. The organization was established in 1966. 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. Ralph T & Esther Warburton 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, Ralph T & Esther Warburton Foundation generated $245.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $318.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ralph T & Esther Warburton Foundation has awarded 14 individual grants totaling $4,262,500. 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 |
|---|---|---|---|
Phillip L Warburton Trustee | 0 | $0 | |
Sally Warburton Trustee | 0 | $0 | |
Betsy Warburton Downs Trustee | 0 | $0 | |
Mike D Downs Trustee | 0 | $0 | |
Carrie Warburton Montalto Trustee | 0 | $0 | |
Alex W Montalto Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,200 |
| Interest on Savings | $540 |
| Dividends & Interest | $127,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,577 |
| Capital Gain Net Income | $114,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245,887 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,045 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $43,932 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $318,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,595 |
| 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 | $4,149,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,577,691 |
| 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, Ralph T & Esther Warburton Foundation has awarded $275,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY TRINITY ANGLICAN CHURCH PURPOSE: GENERAL PURPOSE | $25,000 |
PATIENT REVOLUTION PURPOSE: GENERAL PURPOSE- HEALTHCARE | $250,000 |