Ernest L Ruth E & Frances E Fentres S Memorial Fund
- Assets
- $8.0m
- Revenue
- $1.1m
- Investments
- $7.8m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 93-6353662
Organization Overview
Ernest L Ruth E & Frances E Fentres S Memorial Fund is located in Dallas, TX. The organization was established in 2004. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ernest L Ruth E & Frances E Fentres S Memorial Fund 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 12/2023, Ernest L Ruth E & Frances E Fentres S Memorial Fund generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $851.9k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 8 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 2015, Ernest L Ruth E & Frances E Fentres S Memorial Fund has awarded 16 individual grants totaling $4,808,438. 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 |
|---|---|---|---|
Bank Of America Trustee | 1 | $54,224 | |
Charles F Lester Co-Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $254,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $884,250 |
| Capital Gain Net Income | $884,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,138,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,224 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $65,286 |
| Contributions, gifts, grants paid | $786,656 |
| Total expenses and disbursements | $851,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,765 |
| 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 | $7,976,245 |
| 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, Ernest L Ruth E & Frances E Fentres S Memorial Fund has awarded $786,656 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNION MISSION PURPOSE: UNRESTRICTED GENERAL | $393,328 |
THE SALVATION ARMY PURPOSE: UNRESTRICTED GENERAL | $393,328 |