Milton M Ratner Foundation
- Assets
- $6.1m
- Revenue
- $612.6k
- Investments
- $5.5m
- Employees
- 0
- Location
- Franklin, MI
- Founding
- 08/1969
- Data as of
- 08/2022
- 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 08/2022, Milton M Ratner Foundation generated $612.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $510.6k during the year ending 08/2022. While expenses have increased by 1.4% per year over the past 6 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
2022
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 | $21,000 | |
Carol Piltz Hermann Secretary-Tr | 10 | $21,000 | |
Mary Jo Rosson Trustee Emer | 0 | $12,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42 |
| Dividends & Interest | $176,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $436,408 |
| Capital Gain Net Income | $143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $612,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,157 |
| Taxes | $6,192 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $169 |
| Other expenses | $706 |
| Total operating and administrative expenses | $147,598 |
| Contributions, gifts, grants paid | $363,000 |
| Total expenses and disbursements | $510,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,455 |
| Savings and temporary cash investments | $555,650 |
| 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 | $2,242,406 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,104,280 |
| 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 |
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|---|---|---|
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Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
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The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
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American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |