Ruth Mott Foundation
- Assets
- $290.1m
- Revenue
- $30.1m
- Investments
- $276.5m
- Employees
- 0
- Location
- Flint, MI
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 38-2876435
Organization Overview
Ruth Mott Foundation is located in Flint, MI. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruth Mott 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 12/2021, Ruth Mott Foundation generated $30.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $11.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruth Mott Foundation has awarded 1,259 individual grants totaling $62,493,077. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
GENERAL INFORMATION - SEE STATEMENT 23
PRESERVATION/OPERATION OF APPLEWOOD ESTATE - SEE STATEMENT 24
COLLECTIONS - SEE STATEMENT 25
APPLEWOOD EDUCATION & EVENTS - SEE STATEMENT 26
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raquel Thueme President | 50 | $265,028 | |
Raquel Robinson Vice President Of Pr | 50 | $178,881 | |
Joyce Bobolts Director Of Finance | 50 | $163,725 | |
Elizabeth Jordan Senior Program Offic | 40 | $130,302 | |
Kristin Longley Director Of Communic | 50 | $128,227 | |
Tryphena Clarke Community Engagement | 40 | $125,809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mfo Management Company | 12/30/21 | $456,000 |
Avivar Capital | 12/30/21 | $125,000 |
Netsource One | 12/30/21 | $67,094 |
True Impact Llc | 12/30/21 | $62,500 |
Maner Costerisan | 12/30/21 | $57,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,000 |
| Interest on Savings | $57,216 |
| Dividends & Interest | $4,184,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,853,294 |
| Capital Gain Net Income | $25,991,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $472 |
| Total Revenue | $30,117,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $265,028 |
| Other employee salaries and wages | $1,336,256 |
| Pension plans, employee benefits | $310,394 |
| Interest | $0 |
| Taxes | $834,968 |
| Depreciation | $188,368 |
| Occupancy | $143,648 |
| Travel, conferences, and meetings | $10,341 |
| Printing and publications | $6,345 |
| Other expenses | $2,498,747 |
| Total operating and administrative expenses | $6,325,281 |
| Contributions, gifts, grants paid | $5,491,319 |
| Total expenses and disbursements | $11,816,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,179 |
| Savings and temporary cash investments | $6,812,597 |
| 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 | $736,633 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,086 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $66,435,759 |
| Net Land, buildings, and equipment | $5,367,949 |
| Other assets | $384,869 |
| Total assets | $290,091,185 |
| Accounts payable and accrued expenses | $120,011 |
| Grants payable | $732,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,623,000 |
| Total liabilities | $2,475,011 |
Grants Awarded
Over the last fiscal year, Ruth Mott Foundation has awarded $6,794,243 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
Flint, MI PURPOSE: RMF DONOR ADVISED FUND | $650,000 |
Detroit, MI PURPOSE: MICHIGAN JUSTICE FUND | $500,000 |
GENESEE COUNTY PARKS AND RECREATION COMMISSION PURPOSE: NORTH FLINT PUBLIC SAFETY STRATEGY | $390,000 |
GENESEE COUNTY LAND BANK AUTHORITY PURPOSE: CLEAN AND GREEN | $267,400 |
FLINT DISTRICT LIBRARY DBA FLINT PUBLIC LIBRARY PURPOSE: FLINT PUBLIC LIBRARY TRANSFORMED CAPITAL CAMPAIGN | $250,000 |
CITY OF FLINT PURPOSE: IMAGINE FLINT NEIGHBORHOOD PLANNING INITIATIVE | $202,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |