Ruth Eleanor And John Ernest Bamberger Memorial Foundation
- Assets
- $20.8m
- Revenue
- $3.0m
- Investments
- $20.5m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 06/1949
- Data as of
- 12/2021
- EIN
- 87-6116540
Organization Overview
Ruth Eleanor And John Ernest Bamberger Memorial Foundation is located in Salt Lake City, UT. The organization was established in 1949. 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. Ruth Eleanor And John Ernest Bamberger Memorial 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, Ruth Eleanor And John Ernest Bamberger Memorial Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruth Eleanor And John Ernest Bamberger Memorial Foundation has awarded 40 individual grants totaling $9,704,760. 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 |
|---|---|---|---|
Harris Simmons Trustee | 2 | $4,000 | |
Julie Barrett Trustee | 2 | $4,000 | |
Carol Olwell Trustee | 2 | $4,000 | |
Clark P Giles Trustee | 2 | $4,000 | |
Eleanor Roser Trustee | 2 | $4,000 | |
Alan L Sullivan Trustee | 2 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $466,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,476,528 |
| Capital Gain Net Income | $1,476,528 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,082,844 |
| Total Revenue | $3,025,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $52,278 |
| Pension plans, employee benefits | $8,898 |
| Interest | $0 |
| Taxes | $35,371 |
| Depreciation | $0 |
| Occupancy | $22,518 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,575 |
| Total operating and administrative expenses | $254,379 |
| Contributions, gifts, grants paid | $1,303,300 |
| Total expenses and disbursements | $1,557,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,347 |
| Savings and temporary cash investments | $251,018 |
| 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 | $16,552,832 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,725 |
| Total assets | $20,760,484 |
| 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 | $9,708 |
| Total liabilities | $9,708 |
Grants Awarded
Over the last fiscal year, Ruth Eleanor And John Ernest Bamberger Memorial Foundation has awarded $1,303,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED STATEMENT PURPOSE: GRANTS | $1,083,000 |
UNIVERSITY OF UTAH PURPOSE: SCHOLARSHIPS | $124,000 |
Salt Lake City, UT PURPOSE: SCHOLARSHIPS | $48,000 |
DIXIE STATE COLLEGE PURPOSE: SCHOLARSHIPS | $28,800 |
UTAH STATE UNIVERSITY-CEU PURPOSE: SCHOLARSHIPS | $19,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Kemper & Ethel Marley Foundation Phoenix, AZ | $235,853,723 | $45,107,707 |
Lannan Foundation Santa Fe, NM | $172,893,423 | $11,573,580 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Katherine W Dumke & Ezekiel R Dumke Jr Foundation Kaysville, UT | $0 | $4,334 |