Waldo T Ross & Ruth S Ross Charitable Tr
- Assets
- $6.6m
- Revenue
- $2.4m
- Investments
- $6.2m
- Employees
- 0
- Location
- Glens Falls, NY
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 27-6594166
Organization Overview
Waldo T Ross & Ruth S Ross Charitable Tr is located in Glens Falls, NY. The organization was established in 2010. 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. Waldo T Ross & Ruth S Ross Charitable Tr 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 12/2022, Waldo T Ross & Ruth S Ross Charitable Tr generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $466.5k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 6 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 2017, Waldo T Ross & Ruth S Ross Charitable Tr has awarded 77 individual grants totaling $2,292,722. 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 |
|---|---|---|---|
Glens Falls Natl Bank Co Ttee | 1 | $28,526 | |
Robert Hafner Co-Ttee | 1 | $7,457 | |
Paul Mcphillips Co Ttee | 1 | $435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $167,582 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,199,505 |
| Capital Gain Net Income | $2,199,505 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,367,087 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,418 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,825 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $280 |
| Total operating and administrative expenses | $43,147 |
| Contributions, gifts, grants paid | $423,375 |
| Total expenses and disbursements | $466,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $353,319 |
| 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 | $6,234,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,587,473 |
| 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, Waldo T Ross & Ruth S Ross Charitable Tr has awarded $423,375 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAY ROAD PRESBYTERIAN CHURCH PURPOSE: GENERAL - UNRESTRICTED | $29,000 |
N QUEENSBURY FIRE FIGHTERS SERVICE PURPOSE: UNRESTRICTED - GENERAL | $7,500 |
N QUEENSBURY RESCUE SQUAD PURPOSE: UNRESTRICTED - GENERAL | $7,500 |
HARRISENA COMMUNITY CHURCH PURPOSE: UNRESTRICTED - GENERAL | $40,000 |
CHAPMAN HISTORICAL MUSEUM PURPOSE: UNRESTRICTED - GENERAL | $60,500 |
THE SALVATION ARMY PURPOSE: UNRESTRICTED - GENERAL | $105,000 |