Mike Ross Family Foundation Inc
- Assets
- $0.0
- Revenue
- $374.8k
- Investments
- $949.6k
- Employees
- 0
- Location
- Coalton, WV
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-2045818
Organization Overview
Mike Ross Family Foundation Inc is located in Coalton, WV. The organization was established in 2012. 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. Mike Ross Family Foundation 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 12/2021, Mike Ross Family Foundation Inc generated $374.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $143.7k during the year ending 12/2021. While expenses have increased by 17.7% 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.
Since 2014, Mike Ross Family Foundation Inc has awarded 40 individual grants totaling $442,100. 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 |
|---|---|---|---|
Mike Ross Director | 1 | $0 | |
James V Ross Director | 1 | $0 | |
Donald B Nestor Director | 1 | $0 | |
Francis A Ross Director | 1 | $0 | |
William Victor Ross Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $278 |
| Dividends & Interest | $24,725 |
| Profit on Inventory Sales | $0 |
| Other Income | $331,552 |
| Total Revenue | $374,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $113,655 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $143,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $125 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mike Ross Family Foundation Inc has awarded $56,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GLENVILLE STATE COLLEGE FOUNDATION PURPOSE: FOR OPERATIONAL SUPPORT | $25,000 |
WVU FOUNDATION NORMA MAE HUGGINS ENDOWMENT PURPOSE: FOR OPERATIONAL SUPPORT | $1,000 |
BOONE COUNTY CHAPTER OF WVLC ALUMNI ASSOCIATION PURPOSE: FOR OPERATIONAL SUPPORT | $500 |
VALLEY HEAD PUBLIC LIBRARY PURPOSE: FOR OPERATIONAL SUPPORT | $100 |
DAVIS HEALTH SYSTEM FOUNDATION PURPOSE: FOR OPERATIONAL SUPPORT | $10,000 |
CABELL HUNTINGTON HOSPITAL FOUNDATION PURPOSE: FOR OPERATIONAL SUPPORT | $20,000 |