Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio
- Assets
- $1.1m
- Revenue
- $113.8k
- Investments
- $1.0m
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 06/1960
- Data as of
- 12/2023
- EIN
- 38-6065115
Organization Overview
Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio is located in Birmingham, MI. The organization was established in 1960. 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. Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio 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 12/2023, Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio generated $113.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $71.1k during the year ending 12/2023. While expenses have increased by 0.4% 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 2015, Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio has awarded 35 individual grants totaling $534,000. 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 |
|---|---|---|---|
Ruth Rattner President | 0 | $0 | |
Ann Katz Vice-President | 0 | $0 | |
Julie Hollinshead Treasurer | 0 | $0 | |
Laura Adler Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,160 |
| Capital Gain Net Income | $47,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,009 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $121 |
| Total operating and administrative expenses | $3,105 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $71,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,852 |
| Savings and temporary cash investments | $35,062 |
| 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 | $1,034,974 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,076,888 |
| 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, Ruth F Rattner And The Ann F And Norman D Katz Charitable Foundatio has awarded $68,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT INSTITUTE OF ARTS PURPOSE: GENERAL OPERATING ENDOWMENT | $20,000 |
DETROIT OPERA PURPOSE: UNRESTRICTED CONTRIBUTION | $20,000 |
DETROIT SYMPHONY ORCHESTRA PURPOSE: 2022-2023 ANNUAL FUND | $25,000 |
NATIONAL COUNCIL OF JEWISH WOMEN PURPOSE: RUTH FRANK MEMORIAL ASSISTANCE FUND | $3,000 |