Rector Family Foundation
- Assets
- $4.9m
- Revenue
- $2.6m
- Investments
- $2.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-3743765
Organization Overview
Rector Family Foundation is located in Wilmington, DE. The organization was established in 2019. 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. Rector 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 12/2021, Rector Family Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $231.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Sambyal Dir, Treas | 20 | $46,238 | |
Aaron Rector Dir | 1 | $0 | |
Curtis Rector Dir, Pres | 1 | $0 | |
Christian Rector Dir | 1 | $0 | |
Julia Rector Dir | 1 | $0 | |
Troy Sambyal Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $185 |
| Dividends & Interest | $46,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,886 |
| Capital Gain Net Income | $75,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,623,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $46,238 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,048 |
| Interest | $0 |
| Taxes | $1,520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,113 |
| Total operating and administrative expenses | $70,919 |
| Contributions, gifts, grants paid | $160,232 |
| Total expenses and disbursements | $231,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,388,907 |
| 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 | $4,853,402 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,107 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,107 |
Grants Awarded
Over the last fiscal year, Rector Family Foundation has awarded $160,232 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: GENERAL & UNRESTRICTED | $75,000 |
Hamlet, IN PURPOSE: TO BE MADE TO THE SAINT MATTHEW LUTHERAN BENEVOLENCE FUND | $30,000 |
BEECH GROVE INDEPENDENT NAZARENE CHURCH INC PURPOSE: BENEVOLENCE FUND | $26,000 |
RENEWABLE HOPE INC PURPOSE: GENERAL & UNRESTRICTED | $15,125 |
CLEARNOTE CHURCH OF INDIANAPOLIS INC PURPOSE: LEVI GEORGE BENEVOLENCE FUND | $10,000 |
Indianapolis, IN PURPOSE: GENERAL & UNRESTRICTED (SEE ATTACHED GENERAL EXPLANATION) | $2,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |