Eunice And Milton H Ring Foundation
- Assets
- $793.1k
- Revenue
- $349.2k
- Investments
- $769.7k
- Employees
- 0
- Location
- Franklin, MI
- Founding
- 05/1958
- Data as of
- 12/2023
- EIN
- 38-6078083
Organization Overview
Eunice And Milton H Ring Foundation is located in Franklin, MI. The organization was established in 1958. 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. Eunice And Milton H Ring 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 12/2023, Eunice And Milton H Ring Foundation generated $349.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $205.8k during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 9 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, Eunice And Milton H Ring Foundation has awarded 150 individual grants totaling $783,702. 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 |
|---|---|---|---|
Eunice Ring Pres/dir | 2 | $0 | |
Karen Weiss Director | 0 | $0 | |
Elizabeth Fellows Director | 0 | $0 | |
Marianne Caplan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $203,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,174 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,033 |
| Capital Gain Net Income | $114,033 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $349,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $24,463 |
| Contributions, gifts, grants paid | $181,307 |
| Total expenses and disbursements | $205,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,772 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $769,716 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,572 |
| Total assets | $793,060 |
| 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, Eunice And Milton H Ring Foundation has awarded $181,307 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE ISRAEL PURPOSE: RELIGIOUS | $10,000 |
JARC-DAVID HORODOKER PURPOSE: RESIDENTIAL SERVICES | $3,271 |
YAD EZRA PURPOSE: MEALS TO HUNGRY | $1,800 |
DONEES 1800 OR LESS EACH PURPOSE: CHARITABLE USE | $28,636 |
HADASSAH-GREATER DETROIT PURPOSE: RELIGIOUS | $1,800 |
FRIENDS OF ISRAEL DEFENSE FORCES PURPOSE: EDUCATION WELFARE | $2,500 |