Milton M Ratner Foundation
- Assets
- $6.1m
- Revenue
- $436.2k
- Investments
- $5.8m
- Employees
- 0
- Location
- Franklin, MI
- Founding
- 08/1969
- Data as of
- 08/2023
- EIN
- 38-6160330
Organization Overview
Milton M Ratner Foundation is located in Franklin, MI. The organization was established in 1969. 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. Milton M Ratner 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 08/2023, Milton M Ratner Foundation generated $436.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $491.8k during the year ending 08/2023. While expenses have increased by 0.7% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Therese M Thorn President | 20 | $36,000 | |
Jock S Russell Vice Preside | 10 | $30,000 | |
Carol Piltz Hermann Secretary-Tr | 10 | $30,000 | |
Mary Jo Rosson Trustee Emer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $361 |
| Dividends & Interest | $195,605 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,199 |
| Capital Gain Net Income | $240,199 |
| Net ST Capital Gain | $240,199 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $436,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,520 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $169 |
| Other expenses | $1,235 |
| Total operating and administrative expenses | $149,257 |
| Contributions, gifts, grants paid | $342,500 |
| Total expenses and disbursements | $491,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,824 |
| Savings and temporary cash investments | $192,650 |
| 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 | $2,599,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,064,917 |
| 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 |