Ruthmere Foundation Inc
- Assets
- $11.5m
- Revenue
- $1.5m
- Investments
- $8.3m
- Employees
- 0
- Location
- Elkhart, IN
- Founding
- 03/2003
- Data as of
- 12/2023
- 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 12/2023, Ruthmere Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $931.0k during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
2023
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 |
|---|---|---|---|
Edward A Beardsley President | 2 | $0 | |
James A Bridenstine First Vice President | 0.1 | $0 | |
Janet Evanega Rieckhoff Second Vice President | 0.5 | $0 | |
George E Freese Treasurer | 8 | $0 | |
Todd Zeiger Secretary | 0.5 | $0 | |
Robert J Deputy Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $977,170 |
| Interest on Savings | $0 |
| Dividends & Interest | $234,665 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,043 |
| Capital Gain Net Income | $230,043 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97,621 |
| Total Revenue | $1,539,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,600 |
| Other employee salaries and wages | $275,097 |
| Pension plans, employee benefits | $29,282 |
| Interest | $0 |
| Taxes | $30,334 |
| Depreciation | $10,713 |
| Occupancy | $38,812 |
| Travel, conferences, and meetings | $12,273 |
| Printing and publications | $10,693 |
| Other expenses | $356,495 |
| Total operating and administrative expenses | $926,762 |
| Contributions, gifts, grants paid | $4,285 |
| Total expenses and disbursements | $931,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,378 |
| Savings and temporary cash investments | $288,165 |
| 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 | $8,290,780 |
| Net Land, buildings, and equipment | $314,112 |
| Other assets | $2,432,533 |
| Total assets | $11,500,968 |
| 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 |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $3,000 |
GREATER ELKHART CHAMBER OF COMMERCE PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $785 |
WNIT PUBLIC TELEVISION PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $500 |