Ruth Mott Foundation
- Assets
- $235.9m
- Revenue
- $11.1m
- Investments
- $223.5m
- Employees
- 0
- Location
- Flint, MI
- Founding
- 10/1989
- Data as of
- 12/2022
- 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 12/2022, Ruth Mott Foundation generated $11.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $13.7m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruth Mott Foundation has awarded 1,343 individual grants totaling $70,906,367. 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
2022
Describe the Organization's Program Activity:
GENERAL INFORMATION - SEE STATEMENT 25
PRESERVATION/OPERATION OF APPLEWOOD ESTATE - SEE STATEMENT 26
COLLECTIONS - SEE STATEMENT 27
APPLEWOOD EDUCATION & EVENTS - SEE STATEMENT 28
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryanne Mott Chair | 15 | $0 | |
Joseph Robinson Treasurer | 5 | $0 | |
Shannon Easter White Secretary | 3 | $0 | |
Robert Pestronk Trustee | 3.5 | $0 | |
Charles Meynet Trustee | 3 | $0 | |
Marise Mott Meynet Stewart Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mfo Management Company | 12/30/22 | $560,000 |
True Impact Llc | 12/30/22 | $62,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,583 |
| Dividends & Interest | $4,700,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,333,454 |
| Capital Gain Net Income | $6,393,911 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $59,740 |
| Total Revenue | $11,141,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $282,896 |
| Other employee salaries and wages | $1,381,790 |
| Pension plans, employee benefits | $305,066 |
| Interest | $0 |
| Taxes | $354,781 |
| Depreciation | $181,541 |
| Occupancy | $148,121 |
| Travel, conferences, and meetings | $56,579 |
| Printing and publications | $3,568 |
| Other expenses | $2,728,675 |
| Total operating and administrative expenses | $6,207,936 |
| Contributions, gifts, grants paid | $7,469,858 |
| Total expenses and disbursements | $13,677,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,296 |
| Savings and temporary cash investments | $4,570,928 |
| 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 | $593,466 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121,106 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $55,218,536 |
| Net Land, buildings, and equipment | $6,020,583 |
| Other assets | $626,243 |
| Total assets | $235,947,131 |
| Accounts payable and accrued expenses | $118,691 |
| Grants payable | $1,256,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $610,075 |
| Total liabilities | $1,985,266 |
Grants Awarded
Over the last fiscal year, Ruth Mott Foundation has awarded $8,413,290 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN DRUM AND DANCE PARENTS ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT 2022 | $30,000 |
ACTIVE BOYS IN CHRIST PURPOSE: ABC YOUTH PROJECT 2022 | $38,400 |
ALWAYS HOPE MINISTRIES INC PURPOSE: YOUTH SUMMER PROGRAM: PREVENT 2022 | $12,300 |
BANGTOWN STUDIO ON THE GO PURPOSE: STUDIO ON THE GO 2022 | $36,200 |
ASBURY COMMUNITY DEVELOPMENT CORPORATION PURPOSE: GENERAL OPERATING SUPPORT 2022 | $112,500 |
BIG BROTHERS BIG SISTERS OF FLINT AND GENESEE COUNTY PURPOSE: OUT OF SCHOOL TIME MENTORING PROGRAM 2023 | $65,000 |