Tom Russell Charitable Foundation Inc
- Assets
- $19.7m
- Revenue
- $266.4k
- Investments
- $16.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1963
- Data as of
- 08/2023
- EIN
- 36-6082517
Organization Overview
Tom Russell Charitable Foundation Inc is located in Wilmington, DE. The organization was established in 1963. 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. Tom Russell Charitable 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 08/2023, Tom Russell Charitable Foundation Inc generated $266.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tom Russell Charitable Foundation Inc has awarded 203 individual grants totaling $2,935,000. 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 |
|---|---|---|---|
J Kirby Aiken Dir, Vp, Pres | 5 | $26,667 | |
John L Bishop Dir, Treas, VP | 5 | $25,000 | |
Crawford Crenshaw Dir, Sec, Treas | 5 | $20,000 | |
David S Lindquist Dir, Pres, Sec | 5 | $25,833 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First American Bank | 8/30/23 | $82,669 |
Foundation Source | 8/30/23 | $60,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,520 |
| Dividends & Interest | $349,656 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$109,730 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,925 |
| Total Revenue | $266,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,741 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,359 |
| Printing and publications | $0 |
| Other expenses | $62,903 |
| Total operating and administrative expenses | $340,816 |
| Contributions, gifts, grants paid | $660,000 |
| Total expenses and disbursements | $1,000,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $591,347 |
| 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 | $2,192,000 |
| Total assets | $19,675,414 |
| 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, Tom Russell Charitable Foundation Inc has awarded $660,000 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVATE GOOD INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
APEX UNITED METHODIST CHURCH PURPOSE: SIMPLE GIFTS GARDEN FUND | $5,000 |
AUSTIN ACHIEVE PUBLIC SCHOOLS INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
BRIDGES OF NORMAN INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CALVARY CHURCH PURPOSE: CALVARY CHRISTIAN SCHOOL | $5,000 |
CENTER FOR CHILDREN AND FAMILIES INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |