Ro Family Foundation
- Assets
- $4.6m
- Revenue
- $1.5m
- Investments
- $4.5m
- Employees
- 0
- Location
- Medway, MA
- Founding
- 08/2017
- Data as of
- 02/2024
- EIN
- 82-0875471
Organization Overview
Ro Family Foundation is located in Medway, MA. The organization was established in 2017. 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. Ro 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 02/2024, Ro Family Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $200.0k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ro Family Foundation has awarded 125 individual grants totaling $595,500. 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 |
|---|---|---|---|
Loraine B Millman Trustee | 1 | $0 | |
Paul D Carlan Trustee, Treasurer, Secret | 1 | $0 | |
Margaret A Carlan Trustee | 1 | $0 | |
David A Werlich Administrative & Tax Offic | 1 | $0 | |
Sarah Carlan Trustee | 1 | $0 | |
Jovan James Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $501,117 |
| Interest on Savings | $0 |
| Dividends & Interest | $86,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $920,882 |
| Capital Gain Net Income | $920,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,508,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,026 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $200,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,576 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,632,661 |
| 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, Ro Family Foundation has awarded $175,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION RIGHTS FUND OF WESTERN MA PURPOSE: CHARITY | $10,000 |
AMHERST A BETTER CHANCE PURPOSE: CHARITY | $2,000 |
BAY STATE HEALTH PURPOSE: CHARITY | $15,000 |
BEHAVIORAL HEALTH NETWORK INC PURPOSE: CHARITY | $6,000 |
CHILD ADVOCACY CENTER OF FRANKLIN COUNTY PURPOSE: CHARITY | $5,000 |
CHILD ADVOCACY CENTER OF HAMPSHIRE COUNTY PURPOSE: CHARITY | $7,500 |