Drew And Kathy Rankin Family Foundation Inc
- Assets
- $604.8k
- Revenue
- $77.8k
- Investments
- $576.3k
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 85-4305455
Organization Overview
Drew And Kathy Rankin Family Foundation Inc is located in Morristown, NJ. 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. Drew And Kathy Rankin Family Foundation Inc 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 12/2022, Drew And Kathy Rankin Family Foundation Inc generated $77.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.2%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS ARE MADE DIRECTLY TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Rankin President, Trustee | 1 | $0 | |
Colleen Rankin Secretary, Trustee | 1 | $0 | |
Kristin Rankin Vice President, Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,933 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,612 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$29,766 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,850 |
| Contributions, gifts, grants paid | $10,500 |
| Total expenses and disbursements | $13,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,542 |
| 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 | $604,803 |
| 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, Drew And Kathy Rankin Family Foundation Inc has awarded $10,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GARY SINISE FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
THE HOPE FOR FAMILIES AND CHILDREN FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
DOTTIE'S HOUSE PURPOSE: GENERAL SUPPORT | $3,000 |
D&R GREENWAY LAND PURPOSE: GENERAL SUPPORT | $1,000 |
JED FOUNDATION PURPOSE: GENERAL SUPPORT | $1,500 |
POLAR BEARS INTERNATIONAL PURPOSE: GENERAL SUPPORT | $1,500 |