Ruth S Lee Charitable Tr
- Assets
- $2.6m
- Revenue
- $30.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 46-7301897
Organization Overview
Ruth S Lee Charitable Tr is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Ruth S Lee Charitable Tr 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 12/2023, Ruth S Lee Charitable Tr generated $30.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.4%) each year. All expenses for the organization totaled $154.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ruth S Lee Charitable Tr has awarded 69 individual grants totaling $506,717. 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 |
|---|---|---|---|
Name Not Listed Trustee | 1 | $7,000 | |
Katherine R Hill Co-Trustee | 1 | $0 | |
Susan L Runkle Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $56,971 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,887 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,088 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,164 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $61,308 |
| Contributions, gifts, grants paid | $93,186 |
| Total expenses and disbursements | $154,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809 |
| Savings and temporary cash investments | $19,912 |
| 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 | $2,573,219 |
| 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, Ruth S Lee Charitable Tr has awarded $93,186 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF CHARLESTON FOUNDATION PURPOSE: SCHOLARSHIPS | $7,500 |
LUNCHES FOR LEARNING INC PURPOSE: GENERAL OPERATING | $6,000 |
WESLEYAN FUND PURPOSE: GENERAL OPERATING | $15,000 |
FAULKNER UNIVERSITY PURPOSE: GENERAL OPERATING | $15,000 |
ELBA CHURCH OF CHRIST PURPOSE: GENERAL OPERATING | $4,186 |
OPP CHURCH OF CHRIST PURPOSE: GENERAL OPERATING | $4,000 |