Ross Family Foundation
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $1.7m
- Employees
- 0
- Location
- Milan, TN
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 62-6370390
Organization Overview
Ross Family Foundation is located in Milan, TN. The organization was established in 2000. 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. Ross Family 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, Ross Family Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $511.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy W Ross Trustee | 0 | $0 | |
Thelma T Ross Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,606,171 |
| Interest on Savings | $0 |
| Dividends & Interest | $51,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,682 |
| Capital Gain Net Income | $6,058 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,611,950 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $122 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $11,244 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $511,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,155 |
| Savings and temporary cash investments | $0 |
| 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 | $101,088 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,828,440 |
| 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 |