Oh Rankin Foundation Inc
- Assets
- $4.4m
- Revenue
- $203.7k
- Investments
- $4.1m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/1968
- Data as of
- 05/2023
- EIN
- 23-7005335
Organization Overview
Oh Rankin Foundation Inc is located in Charlotte, NC. The organization was established in 1968. 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. OH Rankin Foundation 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 05/2023, OH Rankin Foundation Inc generated $203.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $334.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel B Rankin Board Chair/ | 0 | $0 | |
Nancy O'h Rankin Vice-Pres | 0 | $0 | |
Betty R Hechenbleikner Sec/treas | 0 | $0 | |
Michael O'h Rankin Asst Sec/tre | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,261 |
| Dividends & Interest | $116,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,674 |
| Capital Gain Net Income | $17,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,075 |
| Total Revenue | $203,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,849 |
| Total operating and administrative expenses | $72,577 |
| Contributions, gifts, grants paid | $261,500 |
| Total expenses and disbursements | $334,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $344,329 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $3,420 |
| 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 | $8,778 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,422,941 |
| Accounts payable and accrued expenses | -$1,359 |
| 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 | -$1,359 |