Joseph M Ruffin Foundation
- Assets
- $1.0m
- Revenue
- $375.9k
- Investments
- $996.4k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3656750
Organization Overview
Joseph M Ruffin Foundation is located in Richmond, VA. The organization was established in 2014. 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. Joseph M Ruffin 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 12/2022, Joseph M Ruffin Foundation generated $375.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 41.9% each year . All expenses for the organization totaled $84.8k during the year ending 12/2022. While expenses have increased by 22.7% per year over the past 8 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, Joseph M Ruffin Foundation has awarded 77 individual grants totaling $336,744. 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 |
|---|---|---|---|
Kathy Z Rhodes Director/president | 5 | $0 | |
Amy A Summersett Director/secretary | 5 | $0 | |
Joseph M Ruffin Jr Director | 5 | $0 | |
Laura Metz Director | 5 | $0 | |
Betty Enright Director/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,812 |
| Interest on Savings | $5,706 |
| Dividends & Interest | $19,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,508 |
| Capital Gain Net Income | $292,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $375,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,772 |
| Total operating and administrative expenses | $19,595 |
| Contributions, gifts, grants paid | $65,200 |
| Total expenses and disbursements | $84,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,241 |
| Savings and temporary cash investments | $29,980 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,029,637 |
| 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, Joseph M Ruffin Foundation has awarded $65,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHARACTER WORKS INC PURPOSE: CHARITABLE | $16,300 |
VIRGINIA LIVING MUSEUM PURPOSE: CHARITABLE | $16,300 |
RAPPAHANNOCK FOUNDATION PURPOSE: CHARITABLE | $16,300 |
CAPITAL AREA RESCUE EFFORT (CARE) PURPOSE: CHARITABLE | $16,300 |