James B Russell Foundation Inc
- Assets
- $1.3m
- Revenue
- $172.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 07/2013
- Data as of
- 12/2022
- 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 12/2022, James B Russell Foundation Inc generated $172.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $334.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, James B Russell Foundation Inc has awarded 250 individual grants totaling $1,531,850. 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
2022
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 | |
Patricia Lonsky Director | 1 | $0 | |
Dawn Jewell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,507 |
| Dividends & Interest | $26,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,356 |
| Capital Gain Net Income | $137,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,608 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,351 |
| Contributions, gifts, grants paid | $315,400 |
| Total expenses and disbursements | $334,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $886 |
| Savings and temporary cash investments | $50,211 |
| 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 | $467,190 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,263,210 |
| 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 $315,400 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
PURPOSE FARMING PURPOSE: GENERAL SUPPORT | $10,000 |
CAMPUS CRUSADE PURPOSE: LEADERSHIP AND BIBLICAL TRAINING | $5,000 |
PREGNANCY CARE CENTER PURPOSE: SUPPORT FOR POOR PATIENT FUND | $5,000 |
VICTORY SPORTS PURPOSE: GENERAL SUPPORT & DISASTER RELIEF | $20,000 |
CHILD EVANGELISM FELLOWSHIP PURPOSE: GENERAL SUPPORT | $5,000 |
SONSET SOLUTIONS PURPOSE: SUPPORT OF MISSION FUND | $5,000 |