Ramtell Inc
- Assets
- $25.7m
- Revenue
- $2.8m
- Investments
- $24.9m
- Employees
- 0
- Location
- Tell City, IN
- Founding
- Data as of
- 12/2021
- EIN
- 35-1925455
The information for Ramtell Inc is as of the organization's most recent filing in December '21. This organization is located in Tell City, IN. The inception date and years in existence for Ramtell Inc are unknown.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Ramtell Inc is a philanthropy, voluntarism & grantmaking foundation. Its NTEE code is T70, which indicates that it falls under the category of Federated Giving Programs. These organizations administer centralized fundraising efforts and distribute the contributed funds to multiple nonprofit agencies. Ramtell Inc operates under section code 3, which encompasses religious, educational, charitable, scientific, literary, testing for public safety, amateur sports, or prevention of cruelty to children or animals organizations. The mission of Ramtell Inc is to support at least three 501(c)(3) exempt organizations that are not private foundations.
Program Areas
The organization's purposes within the general fund are to receive contributed funds, invest those funds, and make distributions to supported 501(c)(3) organizations that are not private foundations. This includes all revenues, support, and functional expenses that are not specifically reported by another fund or program. See the schedule of supported organizations for more details.
Grant History
Our dataset includes three years of grant history for Ramtell Inc. In those three years, they have awarded a total of 108 grants, with an average check size of $133,018. The organization awards an average of 36 grants per year. The grants awarded by Ramtell Inc are distributed across various NTEE sectors, with the most grants awarded in the Philanthropy, Voluntarism & Grantmaking Foundations sector (21), followed by Education (9), and Recreation & Sports (4). In terms of geographical distribution, the organization has awarded grants in multiple states, with the highest number of grants awarded in Indiana (53) and Kentucky (37). Other states that have received grants include California, Nebraska, Virginia, Maryland, Tennessee, Washington, Louisiana, Wisconsin, Florida, Michigan, and New York.
Organization Growth
Based on the given information, it can be concluded that Ramtell Inc, the nonprofit organization, has not grown over the given time period. All the relevant line items, including investment income, other revenue, total revenue, grants paid, and total expenses, remained the same in 2015 compared to 2015. This indicates that there was no increase or decrease in the organization's financial activities or overall size during this time.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Conway Executive Director | 10 | $35,000 | |
John A Oberhausen Third Party Director | 1 | $500 | |
Micki Kidder Other Director | 1 | $500 | |
Zareda A Sherwood Other Director | 1 | $500 | |
FR Daniel J Staublin Third Party Director | 1 | $500 | |
Guy Neil Ramsey Descendant Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $335 |
| Dividends & Interest | $700,211 |
| Net Rental Income | -$26,416 |
| Net Gain on Sale of Assets | $1,142,800 |
| Capital Gain Net Income | $1,142,800 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $916,386 |
| Total Revenue | $2,760,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,637 |
| Depreciation | $10,327 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,244 |
| Printing and publications | $0 |
| Other expenses | $48,429 |
| Total operating and administrative expenses | $148,554 |
| Contributions, gifts, grants paid | $13,081,569 |
| Total expenses and disbursements | $13,230,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,189 |
| 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 | $685,439 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,463,459 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,696,087 |
| 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, Ramtell Inc has awarded $13,081,569 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
RAMSEY EVERGREEN FOUNDATION PURPOSE: TRANSFER TO FUND FOUNDATION | $11,500,000 |
SAINT PAUL'S CHURCH PURPOSE: GENERAL SUPPORT | $613,000 |
ARCHDIOCESE OF LOUISVILLE PURPOSE: GENERAL SUPPORT | $200,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: GENERAL SUPPORT | $200,000 |
Louisville, KY PURPOSE: GENERAL SUPPORT | $69,000 |
Louisville, KY PURPOSE: BENEFIT DINNER SPONSORSHIP & DONATION | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Indiana Association Of United Ways Incorporated Indianapolis, IN | $11,631,864 | $18,149,199 |
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |
Christian Community Health Center Chicago, IL | $24,875,996 | $21,223,346 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
Pritzker Family Philanthropic Fund Chicago, IL | $175,241,348 | $15,696,254 |