Ramapo Trust
- Assets
- $0.0
- Revenue
- $5.5m
- Investments
- $64.5m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 05/1973
- Data as of
- 06/2021
- EIN
- 13-6594279
Organization Overview
Ramapo Trust is located in Teaneck, NJ. The organization was established in 1973. 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. Ramapo Trust 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 06/2021, Ramapo Trust generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $4.3m during the year ending 06/2021. While expenses have increased by 27.0% per year over the past 3 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 2021, Ramapo Trust has awarded 156 individual grants totaling $27,495,576. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen L Schwartz Trustee | 16 | $90,000 | |
Natahir Lety Schwartz Trustee | 8 | $51,750 | |
Arthur Norman Field Trustee | 4 | $38,250 | |
Karen Schwartz Hart Trustee | 4 | $38,250 | |
Mary Ann Van Clief Trustee | 8 | $51,750 | |
Melinda Perez Porter Rapp Prog. Director | 32 | $110,428 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carmen Mendietta | 6/29/23 | $124,500 |
Bessemer Trust | 6/29/23 | $104,613 |
Peapack Private Wealth Management | 6/29/23 | $51,697 |
Western Asset Management Company | 6/29/23 | $77,725 |
Citibank Na (Us Dividend Knights) | 6/29/23 | $47,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,474,177 |
| Profit on Inventory Sales | $0 |
| Other Income | $200,421 |
| Total Revenue | $5,512,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,000 |
| Pension plans, employee benefits | $38,448 |
| Depreciation | $0 |
| Occupancy | $118,519 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,487,391 |
| Contributions, gifts, grants paid | $2,812,756 |
| Total expenses and disbursements | $4,300,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,168 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,464,634 |
| Other assets | $165,955 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,014 |
Grants Awarded
Over the last fiscal year, Ramapo Trust has awarded $5,810,062 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MAINE SYSTEMS INC PURPOSE: GENERAL | $14,356 |
NCH HEALTHCARE SYSTEMS INC PURPOSE: GENERAL | $2,500,000 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: GENERAL | $2,500,000 |
HARRY CHAPIN FOOD BANK OF SW FLORIDA PURPOSE: GENERAL | $50,000 |
THE COMMUNITY FOUNDATION OF COLLIER COUNTY INC PURPOSE: GENERAL | $250,000 |
COMMUNITY COOPERATIVE INC PURPOSE: GENERAL | $50,000 |