Fred C Rutz Foundation
- Assets
- $938.3k
- Revenue
- $133.1k
- Investments
- $879.3k
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 09/1949
- Data as of
- 12/2023
- EIN
- 34-6521496
Organization Overview
Fred C Rutz Foundation is located in Brooklyn, OH. The organization was established in 1949. 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. Fred C Rutz Foundation 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, Fred C Rutz Foundation generated $133.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $112.1k during the year ending 12/2023. While expenses have increased by 5.0% 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 2018, Fred C Rutz Foundation has awarded 97 individual grants totaling $315,000. 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 |
|---|---|---|---|
Fred L Rutz Manager | 3 | $3,840 | |
Walter A Maier III Secretary | 0.25 | $595 | |
Michael JD Rutz Manager | 0.5 | $595 | |
Key Trust Company Of Ohio Na Trustee | 1 | $22,777 | |
Karen M Mccoy Manager | 0.25 | $595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $60,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,626 |
| Capital Gain Net Income | $72,626 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $133,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,402 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $732 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $31,134 |
| Contributions, gifts, grants paid | $81,000 |
| Total expenses and disbursements | $112,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,168 |
| Savings and temporary cash investments | $0 |
| 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 | $47,774 |
| Total assets | $938,280 |
| 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, Fred C Rutz Foundation has awarded $81,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUTIFUL SAVIOR EV LUTHERAN CHURCH PURPOSE: OPERATING EXPENSES & SCHOLARSHIPS | $19,000 |
BETHESDA LUTHERAN COMMUNITIES PURPOSE: OPERATING EXPENSES | $1,500 |
BETHLEHEM LUTHERAN CHURCH PURPOSE: SCHOLARSHIP | $1,000 |
LUTHERAN MINISTRIES MEDIA INC PURPOSE: OPERATING EXPENSES | $3,000 |
IMMANUEL LUTHERAN CHURCH PURPOSE: OPERATING EXPENSES | $11,000 |
CONCORDIA UNIVERSITY ANN ARBOR PURPOSE: THE MAIER CENTER | $2,500 |