Ruggles Family Foudation
- Assets
- $24.8m
- Revenue
- $608.2k
- Investments
- $21.0m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 08/2009
- Data as of
- 04/2023
- EIN
- 26-6381931
Organization Overview
Ruggles Family Foudation is located in Garden City, NY. The organization was established in 2009. 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. Ruggles Family Foudation 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 04/2023, Ruggles Family Foudation generated $608.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $1.5m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ruggles Family Foudation has awarded 553 individual grants totaling $10,155,500. 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 |
|---|---|---|---|
Bessemer Trust Company Of Florida Co-Trustee | 40 | $44,499 | |
Rudy L Ruggles Jr Co Btfl Co-Trustee | 0 | $0 | |
Leslie R Rylee Co Btfl Co-Trustee | 0 | $0 | |
Whitney R Savignano Co Btfl Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $304,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $274,770 |
| Capital Gain Net Income | $274,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,190 |
| Total Revenue | $608,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,499 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,776 |
| Taxes | $1,668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $134,094 |
| Contributions, gifts, grants paid | $1,372,200 |
| Total expenses and disbursements | $1,506,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,407 |
| 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 | $3,581,851 |
| Total assets | $24,796,387 |
| 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, Ruggles Family Foudation has awarded $1,372,200 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
ACT A CONTEMPORARY THEATRE OF CT PURPOSE: GENERAL PURPOSE | $25,000 |
BELLISINI ACADEMY PURPOSE: GENERAL PURPOSE | $7,500 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: GENERAL PURPOSE | $2,500 |
BEVERLY BOOTSTRAPS PURPOSE: GENERAL PURPOSE | $15,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: GENERAL PURPOSE | $35,000 |
BEACON ACADEMY PURPOSE: GENERAL PURPOSE | $100 |