May Ellen & Gerald Ritter Foundation
- Assets
- $7.9m
- Revenue
- $878.9k
- Investments
- $7.6m
- Employees
- 0
- Location
- Lexington Ave Th Floo, NY
- Founding
- 07/1961
- Data as of
- 12/2023
- EIN
- 13-6114269
Organization Overview
May Ellen & Gerald Ritter Foundation is located in Lexington Ave Th Floo, NY. The organization was established in 1961. 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. May Ellen & Gerald Ritter 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 12/2023, May Ellen & Gerald Ritter Foundation generated $878.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $707.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, May Ellen & Gerald Ritter Foundation has awarded 231 individual grants totaling $5,221,060. 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 |
|---|---|---|---|
Terri Rohan President & CEO | 35 | $127,400 | |
Alexander V Rohan Vice President & Assistant Treasurer | 16 | $64,600 | |
Alfio Manasseri Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,799 |
| Dividends & Interest | $173,242 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $699,896 |
| Capital Gain Net Income | $699,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $878,937 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $192,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,223 |
| Interest | $0 |
| Taxes | $17,102 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $309,974 |
| Contributions, gifts, grants paid | $396,980 |
| Total expenses and disbursements | $706,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,939 |
| Savings and temporary cash investments | $194,212 |
| 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 | $7,896,118 |
| 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, May Ellen & Gerald Ritter Foundation has awarded $396,980 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BEST BUDDIES PURPOSE: GENERAL | $10,000 |
BUILD ON INC PURPOSE: ANNUAL FUNDRAISER EVENT | $25,000 |
GOOD PLUS FOUNDATION PURPOSE: GENERAL | $50,000 |
CATHOLIC CHARITIES OF BROOKLYN AND QUEENS PURPOSE: BISHOPS HUMANITARIAN AWARD FUNDRAISER & CATHOLIC RENEWAL FUNDRAISER | $25,000 |
FUTURES IN EDUCATION PURPOSE: ANNUAL SCHORALSHIP FUND | $15,000 |
LONG RIDGE FIRE COMPANY PURPOSE: FUNDING FOR SUPPLIES | $5,000 |