Ruth U Fertel Foundation
- Assets
- $10.9m
- Revenue
- $1.4m
- Investments
- $10.9m
- Employees
- 0
- Location
- Kenner, LA
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 71-0879051
Organization Overview
Ruth U Fertel Foundation is located in Kenner, LA. The organization was established in 2002. 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. Ruth U Fertel 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 12/2023, Ruth U Fertel Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $849.6k during the year ending 12/2023. While expenses have increased by 2.8% 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 2020, Ruth U Fertel Foundation has awarded 162 individual grants totaling $2,733,075. 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 |
|---|---|---|---|
Randy Fertel President, Director | 0 | $0 | |
James E Ryder Jr Sec-Treas., Director | 0 | $0 | |
Robert W Merrick Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $5,374 |
| Dividends & Interest | $217,097 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $393,258 |
| Capital Gain Net Income | $393,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,570 |
| Total Revenue | $1,357,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119,083 |
| Total operating and administrative expenses | $133,356 |
| Contributions, gifts, grants paid | $716,250 |
| Total expenses and disbursements | $849,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,826 |
| 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 | $10,901,246 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,925,072 |
| 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 U Fertel Foundation has awarded $716,250 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ST ELIZABETH ANN SETON SCHOOL PURPOSE: UNEWSTRICTED | $10,000 |
A STUDIO IN THE WOODS PURPOSE: UNRESTRICTED | $2,000 |
ANTENNA PURPOSE: UNRESTRICTED | $2,000 |
AUDUBON NATURE INSTITUTE PURPOSE: UNRESTRICTED | $5,000 |
CAFE RECONCILE PURPOSE: UNRESTRICTED | $15,000 |
BIRDFOOT FESTIVAL PURPOSE: UNRESTRICTED | $8,000 |