Rutland Foundation Inc
- Assets
- $536.1k
- Revenue
- $23.4k
- Investments
- $244.8k
- Employees
- 0
- Location
- Madison, GA
- Founding
- 07/1976
- Data as of
- 12/2023
- EIN
- 58-1259086
Organization Overview
Rutland Foundation Inc is located in Madison, GA. The organization was established in 1976. 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. Rutland 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, Rutland Foundation Inc generated $23.4k 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 (8.1%) each year. All expenses for the organization totaled $81.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rutland Foundation Inc has awarded 39 individual grants totaling $323,000. 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 |
|---|---|---|---|
H Anthony Mccullar Treasurer | 1 | $0 | |
Susan R Mccullar President & CEO | 1 | $0 | |
Robert J Rutland Vice President | 1 | $0 | |
Guy W Rutland III Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $8,788 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,576 |
| Capital Gain Net Income | $14,576 |
| Net ST Capital Gain | $3,260 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,783 |
| Total operating and administrative expenses | $61,749 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $81,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,416 |
| 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 | $269,946 |
| Total assets | $536,132 |
| 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, Rutland Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP TWIN LAKES PURPOSE: YOUTH WITH DISABILITIES SUMMER CAMPS | $15,000 |
METRO ATLANTA YOUTH FOR CHRIST PURPOSE: ASSISTANCE TO DISADVANTAGED CHILDREN. | $5,000 |