James B Russell Foundation Inc
- Assets
- $1.4m
- Revenue
- $273.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 07/2013
- Data as of
- 12/2021
- EIN
- 46-2416620
Organization Overview
James B Russell Foundation Inc is located in Ithaca, NY. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. James B Russell 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, James B Russell Foundation Inc generated $273.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $187.5k during the year ending 12/2021. While expenses have increased by 0.5% 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 2015, James B Russell Foundation Inc has awarded 183 individual grants totaling $1,056,450. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT TO CHRISTIAN AND OTHER CHARITABLE ORGANIZATIONS AND PROJECTS WHICH: (A) PROVIDE FOOD, CLOTHING AND OTHER HUMANITARIAN ASSISTANCE AND SUPPORT TO VICTIMS OF NATURAL AND MAN-MADE DISASTERS, AS WELL AS PERSONS WHO ARE IMPOVERISHED, UNDERPRIVILEGED, OR OTHERWISE DISTRESSED; (B) FOSTER THE DEVELOPMENT OF, AND FACILITATE ACCESS TO, SCIENTIFIC AND EDUCATIONAL PROGRAMS, OPPORTUNITIES, AND ACTIVITIES, AND/OR (C) ENCOURAGE THE ADVANCEMENT OF THE CHRISTIAN FAITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Leiphart President | 1 | $0 | |
Michael Lonsky Vice President | 1 | $0 | |
Robert Jewell Sec'y. / Treas. | 1 | $0 | |
Kathy Leiphart Director | 1 | $0 | |
Dawn Jewell Director | 1 | $0 | |
Patricia Lonsky Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,970 |
| Dividends & Interest | $25,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $244,107 |
| Capital Gain Net Income | $244,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $273,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,506 |
| Contributions, gifts, grants paid | $169,000 |
| Total expenses and disbursements | $187,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867 |
| Savings and temporary cash investments | $100,065 |
| 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 | $519,086 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,425,755 |
| 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, James B Russell Foundation Inc has awarded $169,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CONVOY OF HOPE PURPOSE: GENERAL SUPPORT | $15,000 |
Tyrone, NY PURPOSE: GENERAL SUPPORT | $9,000 |
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $8,000 |
UNIVERSITY OF THE NATIONS - KONA PURPOSE: GENERAL SUPPORT & FOOD PROGRAM | $7,500 |
COVENANT LOVE CHRISTIAN SCHOOL PURPOSE: GENERAL SUPPORT | $7,500 |
YWAM ORLANDO PURPOSE: SUPPORT FOR SHELTER FOR HOMELESS, ADDITION CENTER, MEALS AND SPIRITUAL COUNSEL | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |