Runestone Family Foundation
- Assets
- $2.0m
- Revenue
- $123.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 81-1025722
Organization Overview
Runestone Family Foundation is located in Wilmington, DE. The organization was established in 2018. 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. Runestone 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 12/2023, Runestone Family Foundation generated $123.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $174.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Runestone Family Foundation has awarded 71 individual grants totaling $1,527,175. 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 |
|---|---|---|---|
Catherine Mccartin Dir | 1 | $0 | |
Judith Scheide Pres, Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $735 |
| Dividends & Interest | $57,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,101 |
| Capital Gain Net Income | $65,101 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,227 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,369 |
| Total operating and administrative expenses | $34,028 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $174,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,293 |
| 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 | $2,006,024 |
| 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, Runestone Family Foundation has awarded $140,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER OF THEOLOGICAL INQUIRY PURPOSE: ANNUAL FUND | $50,000 |
ISLES INC PURPOSE: THE NEW LEAD SAFE LAW | $75,000 |
PRINCETON FIRST AID AND RESCUE SQUAD INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
PRINCETON HEALTHCARE SYSTEM FOUNDATION INC PURPOSE: FRIENDS OF THE FOUNDATION | $10,000 |