Ramapo Trust
- Assets
- $67.0m
- 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 11.4% each year . All expenses for the organization totaled $4.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ramapo Trust has awarded 126 individual grants totaling $21,685,514. 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 |
|---|---|---|---|
Melinda Perez Porter Rapp Prog. Director | 24 | $106,374 | |
Stephen L Schwartz Trustee | 16 | $90,000 | |
Josephine Anna Condegni Senior Accountant | 40 | $63,217 | |
Maria Asenjo Conference Coordinat | 40 | $61,263 | |
Manuel Billena Controller | 40 | $58,000 | |
Mary Ann Van Clief Trustee | 8 | $51,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Western Asset Management Company | 6/29/22 | $66,835 |
Carmen Mendietta | 6/29/22 | $129,845 |
Bessemer Trust | 6/29/22 | $121,281 |
Polen Capital | 6/29/22 | $74,964 |
Citibank Na (Us Dividend Knights) | 6/29/22 | $51,756 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,474,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,838,276 |
| Capital Gain Net Income | $3,838,276 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| 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 |
| Other employee salaries and wages | $297,798 |
| Pension plans, employee benefits | $38,448 |
| Interest | $0 |
| Taxes | $111,152 |
| Depreciation | $0 |
| Occupancy | $118,519 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $548,636 |
| 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 |
| Savings and temporary cash investments | $2,245,485 |
| 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 | $6,566 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,464,634 |
| Net Land, buildings, and equipment | $16,995 |
| Other assets | $165,955 |
| Total assets | $67,020,878 |
| Accounts payable and accrued expenses | $93,386 |
| Grants payable | $8,500,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,014 |
| Total liabilities | $8,598,400 |
Grants Awarded
Over the last fiscal year, Ramapo Trust has awarded $10,842,757 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SINAI HEALTH SYSTEM PURPOSE: GENERAL | $7,000,000 |
Naples, FL PURPOSE: GENERAL | $1,500,000 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: GENERAL | $1,250,000 |
Naples, FL PURPOSE: GENERAL | $525,000 |
Washington, DC PURPOSE: GENERAL | $30,000 |
New York, NY PURPOSE: GENERAL | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |