The@margaret Sue Rust Foundation
- Assets
- $6.7m
- Revenue
- $179.6k
- Investments
- $6.4m
- Employees
- 0
- Location
- Rockport, TX
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 74-2832533
Organization Overview
The@margaret Sue Rust Foundation is located in Rockport, TX. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. The@margaret Sue Rust 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, The@margaret Sue Rust Foundation generated $179.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $504.6k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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 2014, The@margaret Sue Rust Foundation has awarded 249 individual grants totaling $3,538,040. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARANSAS COUNTY COUNCIL ON AGING THE ORGANIZATION BENIFITS THE ELDERLY IN THE COUNTY. GRANT WAS USED TO RENOVATE KITCHEN AREA FOR MEALS ON WHEELS
ARANSAS COUNTY EDUCATION FOUNDATION SERVING THE ARANSAS COUNTY AREA SCHOOL AGE CHILDREN. MONEY USED TO FUND OPERATIONS AND SPECIAL PROJECTS
COASTAL BEND COMMUNITY FOUNDATION FUNDING USED AS MATCHING GRANTS FOR OTHER AREA NON PROFIT ORGANIZATIONS
RG GOOD SAMARITANS PROVIDES FOOD, CLOTHING AND OTHER ASSITANCE TO FAMILIES IN NEED IN THE ROCKPORT FULTON AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Durham Director | 1 | $0 | |
Nicholas Johnson Sec/treas | 1 | $0 | |
John P Jackson Director | 1 | $0 | |
Susie Black President | 1 | $0 | |
Al Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,285 |
| Dividends & Interest | $152,530 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $227,686 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,808 |
| Total Revenue | $179,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73,043 |
| Total operating and administrative expenses | $78,358 |
| Contributions, gifts, grants paid | $426,275 |
| Total expenses and disbursements | $504,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,149 |
| 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 | $0 |
| Total assets | $6,714,298 |
| 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, The@margaret Sue Rust Foundation has awarded $426,275 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS MARITIME MUSEUM PURPOSE: FUND SEA CAMPSEA CAMP | $15,000 |
ROCKPORT CENTER FOR THE ARTS PURPOSE: FUND GENERALARTLINK PROGRAM | $15,000 |
SOUTH TX COUNCIL BOY SCOUTS OF AMERICA PURPOSE: FUND GENERALCAPITAL CAMPAIN | $25,000 |
ARANSAS COUNTY COUNCIL ON AGING PURPOSE: FUND GENERALCAPITAL IMPROVEMENTS | $42,500 |
ARANSAS COUNTY EDUCATION FOUNDATION PURPOSE: FUND GENERALSCHOLARSHIPS | $40,000 |
ROCKPORT FULTON GOOD SAMARITAN PURPOSE: FUND GENERALOPERATIONS | $42,500 |