Friend A Russ Fund Inc
- Assets
- $1.1m
- Revenue
- $150.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Shelton, CT
- Founding
- 12/1958
- Data as of
- 09/2022
- EIN
- 06-6035481
Organization Overview
Friend A Russ Fund Inc is located in Shelton, CT. The organization was established in 1958. 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. Friend A Russ Fund 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 09/2022, Friend A Russ Fund Inc generated $150.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $79.2k during the year ending 09/2022. While expenses have increased by 0.1% per year over the past 6 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, Friend A Russ Fund Inc has awarded 52 individual grants totaling $461,400. 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 |
|---|---|---|---|
Maureen Coffey Trustee | 1 | $0 | |
Thomas Wilson Trustee/treasurer | 1 | $0 | |
Laura Donahue Secretary/trustee | 1 | $0 | |
Thomas M Sutnik President/trustee | 1 | $0 | |
Lauren Casalveri Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,645 |
| Capital Gain Net Income | $119,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,954 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,251 |
| Total operating and administrative expenses | $13,205 |
| Contributions, gifts, grants paid | $66,000 |
| Total expenses and disbursements | $79,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,057,625 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,057,625 |
| Accounts payable and accrued expenses | $922 |
| 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 | $922 |
Grants Awarded
Over the last fiscal year, Friend A Russ Fund Inc has awarded $66,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF LOWER NAUGATUCK VALLEY PURPOSE: CHARITABLE | $12,000 |
DERBYSHELTON ROTARY CLUBAREA CONGREGATION TOGETHER ACT PURPOSE: CHARITABLE | $12,000 |
GRIFFEN HOSPITAL PURPOSE: CHARITABLE | $25,000 |
HOUSATONIC BSA PURPOSE: CHARITABLE | $2,000 |
VALLEY UNITED WAY PURPOSE: CHARITABLE | $15,000 |