Ruth S Lee Charitable Tr
- Assets
- $2.3m
- Revenue
- $298.5k
- Investments
- $2.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 46-7301897
Organization Overview
Ruth S Lee Charitable Tr is located in Wilmington, DE. 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 12/2021, Ruth S Lee Charitable Tr generated $298.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $153.7k during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 5 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 2018, Ruth S Lee Charitable Tr has awarded 35 individual grants totaling $296,204. 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 | $2,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,932 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,590 |
| Capital Gain Net Income | $256,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $298,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,061 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $685 |
| Total operating and administrative expenses | $48,713 |
| Contributions, gifts, grants paid | $105,035 |
| Total expenses and disbursements | $153,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293 |
| Savings and temporary cash investments | $278,835 |
| 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 | $2,255,414 |
| 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 $105,035 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Montgomery, AL PURPOSE: GENERAL OPERATING | $23,788 |
Montgomery, AL PURPOSE: GENERAL OPERATING | $20,000 |
Charleston, SC PURPOSE: SCHOLARSHIPS | $10,000 |
WESLEYAN FUND PURPOSE: GENERAL OPERATING | $10,000 |
Montgomery, AL PURPOSE: GENERAL OPERATING | $10,000 |
Montgomery, AL PURPOSE: GENERAL OPERATING | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |