The Ruth Foundation
- Assets
- $4.5m
- Revenue
- $233.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1988
- Data as of
- 06/2019
- EIN
- 75-2254284
Organization Overview
The Ruth Foundation is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. Ruth 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 06/2019, Ruth Foundation generated $233.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $2.2m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED A GRANT TO HOPE FOR THE HEART FOR MINISTRYBROADCAST AIRTIME. THE FOUNDATION PROVIDES GRANTS FOR VARIOUSPURPOSES TO ORGANIZATIONS THAT SHARE THE SAME VISION AND MISSIONAS THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
June Hunt President & Chairman/direc | OfficerTrustee | 5 | $0 |
David J Scullin Vp/director | OfficerTrustee | 5 | $0 |
James E Bass Director | OfficerTrustee | 5 | $0 |
Elizabeth A Lund Treasurer/secretary | Officer | 5 | $0 |
Linda Pitts Custard Director | Trustee | 5 | $0 |
Meredith Woodworth Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $90,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $74,438 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,159,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $636,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $3,852,467 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,489,320 |
| Accounts payable and accrued expenses | $2,849 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,849 |
| Net assets without donor restrictions | $4,486,471 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,486,471 |
Grants Awarded
Over the last fiscal year, The Ruth Foundation has awarded $2,010,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Plano, TX PURPOSE: BROADCAST OPERATIONS | $2,000,000 |
Dallas, TX PURPOSE: GENERAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Church Loan Corporation Dallas, TX | $159,669,152 | $6,699,447 |
Presbyterian Communities And Services Dallas, TX | $18,546,633 | $4,334,623 |
Legacy Of Yogi Bhajan Foundation Santa Cruz, NM | $17,787,649 | $1,568,900 |
The Ruth Foundation Dallas, TX | $4,489,320 | $233,856 |
Ria Charitable Investments Inc Dallas, TX | $87,787,681 | $1,614,739 |
Noah Arc Community Development Corporation Inc Minden, LA | $7,905,393 | $1,130,663 |
Anglican Communion Compass Rose Society Inc Houston, TX | $134,399 | $941,707 |
Global Evangelical Team Inc Huntsville, TX | $1,173,041 | $1,080,905 |
National Christian Charitable Foundation Inc Houston, TX | $829,974 | $998,297 |
The Thanks-Giving Foundation Dallas, TX | $2,754,536 | $764,224 |
Baptist Missionary Loan Association Waxahachie, TX | $19,801,107 | $710,852 |
Christian Heritage Foundation Inc Cleburne, TX | $1,336,414 | $294,253 |