Katherine Rae Iarussi Foundation
- Assets
- $41.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ravenna, OH
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 82-4796617
Organization Overview
Katherine Rae Iarussi Foundation is located in Ravenna, OH. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katherine Rae Iarussi 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 12/2021, Katherine Rae Iarussi Foundation generated $9.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $5.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER HIGHER EDUCATION THROUGH SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3
GIVING SCHOLARSHIPS TO BOWLING GREEN UNIVERSITY, WALSH UNIVERSITY AND KENT STATE UNIVERSITY FOR $000 EACH GAVE ROOTSTOWN SCHOOL DONATIONS OF $750 AND THE ROOTSTOWN SCHOOL LUNCH PROGRAM AND FOODPACKS $1500 COMMUNITY DONATION AS A GIVE BACK FROM FUND RAISERS $4000
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Moore President | 5 | $0 | |
Kirsten Stoner Trustee | 5 | $0 | |
Ralph Iarussi Trustee | 5 | $0 | |
Samantha Mullins Secretary | 5 | $0 | |
Ryan Poland Treasurer | 3 | $0 | |
Shana Varner Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,150 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $27 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,108 |
| Other Revenue | $0 |
| Total Revenue | $9,285 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $760 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $124 |
| Total expenses | $5,055 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,441 |
| Other assets | $0 |
| Total assets | $41,441 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,441 |
Peer Organizations
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|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |