Lance & Cindy Ruffel Family Foundation Inc
- Assets
- $1.4m
- Revenue
- $48.4k
- Investments
- $66.2k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-1441687
Organization Overview
Lance & Cindy Ruffel Family Foundation Inc is located in Oklahoma City, OK. The organization was established in 2015. 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. Lance & Cindy Ruffel Family 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 12/2023, Lance & Cindy Ruffel Family Foundation Inc generated $48.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $64.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lance & Cindy Ruffel Family Foundation Inc has awarded 181 individual grants totaling $919,693. 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 |
|---|---|---|---|
Lance Ruffel Director/president | 1 | $0 | |
Cindy Ruffel Director/vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $637 |
| Capital Gain Net Income | $637 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,552 |
| Total Revenue | $48,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,329 |
| Total operating and administrative expenses | $5,674 |
| Contributions, gifts, grants paid | $59,000 |
| Total expenses and disbursements | $64,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,381 |
| Savings and temporary cash investments | $5,299 |
| Net Accounts receivable | $2,226 |
| 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 | $66,199 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,263,385 |
| Total assets | $1,373,490 |
| 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, Lance & Cindy Ruffel Family Foundation Inc has awarded $59,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WEWOKA PUBLIC SCHOOLS PURPOSE: SCHOLARSHIP | $6,000 |
OKC MUSEUM OF ART PURPOSE: FINANCIAL SUPPORT | $16,000 |
POSITIVE TOMORROWS PURPOSE: FINANCIAL SUPPORT | $5,000 |
OKLAHOMA CITY BALLET PURPOSE: FINANCIAL SUPPORT | $5,000 |
PAINTED SKY OPERA PURPOSE: FINANCIAL SUPPORT | $10,000 |
OKLAHOMA ISRAEL EXCHANGE (OKIE) PURPOSE: FINANCIAL SUPPORT | $2,000 |