Ressa Foundation
- Assets
- $7.9m
- Revenue
- $19.1k
- Investments
- $5.2m
- Employees
- 0
- Location
- Mounds, OK
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 73-1602154
Organization Overview
Ressa Foundation is located in Mounds, OK. The organization was established in 2002. 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. Ressa 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, Ressa Foundation generated $19.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $378.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ressa Foundation has awarded 95 individual grants totaling $399,935. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Logan Phillips Executive Director/trustee | 30 | $65,078 | |
Johnna Yoder Assistant Director | 40 | $81,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142 |
| Dividends & Interest | $127,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$124,243 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,988 |
| Total Revenue | $19,076 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $146,328 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,390 |
| Interest | $0 |
| Taxes | $11,194 |
| Depreciation | $938 |
| Occupancy | $16,665 |
| Travel, conferences, and meetings | $6,913 |
| Printing and publications | $0 |
| Other expenses | $13,667 |
| Total operating and administrative expenses | $256,619 |
| Contributions, gifts, grants paid | $121,740 |
| Total expenses and disbursements | $378,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,271 |
| Savings and temporary cash investments | $2,413,184 |
| 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 | $5,154,776 |
| Net Land, buildings, and equipment | $303,581 |
| Other assets | $0 |
| Total assets | $7,874,812 |
| 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, Ressa Foundation has awarded $121,740 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
4H PURPOSE: GENERAL CONTRIBUTION | $5,000 |
A NEW LEAF PURPOSE: GENERAL CONTRIBUTION | $2,086 |
ADOS PURPOSE: GENERAL CONTRIBUTION | $1,000 |
TEN SEVEN RETREAT PURPOSE: GENERAL CONTRIBUTION | $10,000 |
PATHS TO INDEPENDENCE PURPOSE: GENERAL CONTRIBUTION | $5,000 |
OKMULGEE COUNTY HOMELESS SHELTER PURPOSE: GENERAL CONTRIBUTION | $5,000 |