Edward And Hannah M Rutledge Charities Inc
- Assets
- $22.0m
- Revenue
- $2.5m
- Investments
- $21.6m
- Employees
- 0
- Location
- Chippewa Falls, WI
- Founding
- 05/1938
- Data as of
- 05/2024
- EIN
- 39-0806178
Organization Overview
Edward And Hannah M Rutledge Charities Inc is located in Chippewa Falls, WI. The organization was established in 1938. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward And Hannah M Rutledge Charities Inc 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 05/2024, Edward And Hannah M Rutledge Charities Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.4m during the year ending 05/2024. While expenses have increased by 0.1% per year over the past 5 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 2020, Edward And Hannah M Rutledge Charities Inc has awarded 872 individual grants totaling $5,531,773. 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 |
|---|---|---|---|
Julene Bowe Secretary-Treasurer | 40 | $113,400 | |
Thomas Leinenkugel President | 6.25 | $22,500 | |
Gerald Jacobson Vice President | 6.25 | $22,292 | |
Alysia Bowe Assistant Secretary | 24 | $45,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $625 |
| Interest on Savings | $120,782 |
| Dividends & Interest | $1,063,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,269,982 |
| Capital Gain Net Income | $1,269,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,000 |
| Total Revenue | $2,494,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $203,266 |
| Other employee salaries and wages | $36,104 |
| Pension plans, employee benefits | $8,296 |
| Interest | $0 |
| Taxes | $50,607 |
| Depreciation | $0 |
| Occupancy | $21,247 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $610 |
| Other expenses | $65,072 |
| Total operating and administrative expenses | $385,202 |
| Contributions, gifts, grants paid | $977,702 |
| Total expenses and disbursements | $1,362,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,202 |
| Savings and temporary cash investments | $305,651 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,716 |
| Other assets | $0 |
| Total assets | $22,002,442 |
| 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, Edward And Hannah M Rutledge Charities Inc has awarded $977,702 in support to 147 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEY ANDERSON PURPOSE: SCHOLARSHIP | $2,000 |
BRYCE ANDERSON PURPOSE: SCHOLARSHIP | $2,000 |
DANIELLE BELAU PURPOSE: SCHOLARSHIP | $1,500 |
MEGAN BISCHEL PURPOSE: SCHOLARSHIP | $2,000 |
COLE BISCHEL PURPOSE: SCHOLARSHIP | $1,000 |
HAILEY BLASKOWSKI PURPOSE: SCHOLARSHIP | $2,000 |