Ruthmere Foundation Inc
- Assets
- $10.9m
- Revenue
- $2.9m
- Investments
- $8.3m
- Employees
- 0
- Location
- Elkhart, IN
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 32-0037914
Organization Overview
Ruthmere Foundation Inc is located in Elkhart, IN. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruthmere 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 12/2021, Ruthmere Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $994.9k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUTHMERE MUSEUM AND HAVILAH BEARDSLEY HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Firstenberger Executive Director | 40 | $65,577 | |
Edward A Beardsley President | 2 | $0 | |
George E Freese Treasurer | 8 | $0 | |
Robert B Beardsley Founding Director | 0.1 | $0 | |
Cameron T Combs Director | 0.1 | $0 | |
Johnathan Tuff Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,338,136 |
| Interest on Savings | $0 |
| Dividends & Interest | $252,149 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,189,992 |
| Capital Gain Net Income | $1,189,992 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $148,440 |
| Total Revenue | $2,928,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,577 |
| Other employee salaries and wages | $202,182 |
| Pension plans, employee benefits | $18,085 |
| Interest | $0 |
| Taxes | $41,070 |
| Depreciation | $6,647 |
| Occupancy | $34,197 |
| Travel, conferences, and meetings | $4,717 |
| Printing and publications | $7,937 |
| Other expenses | $560,952 |
| Total operating and administrative expenses | $990,592 |
| Contributions, gifts, grants paid | $4,285 |
| Total expenses and disbursements | $994,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,508 |
| Savings and temporary cash investments | $326,076 |
| 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 | $8,311,572 |
| Net Land, buildings, and equipment | $293,297 |
| Other assets | $1,904,695 |
| Total assets | $10,886,148 |
| 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, Ruthmere Foundation Inc has awarded $4,285 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Elkhart, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $4,000 |
BIRMINGHAM MUSEUM OF ART PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $250 |
Elkhart, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $35 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ruthmere Foundation Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Bill Deputy Foundation Elkhart, IN PURPOSE: EXEMPT PURPOSE OF THE ORGANIZATION | $7,500 |
Welter Foundation Inc Bristol, IN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |
Muhammad Ali Museum And Education Louisville, KY | $31,131,591 | $4,563,188 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |