Ada & Helen Rank Charitable Tr 2864
- Assets
- $1.8m
- Revenue
- $265.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 05/1971
- Data as of
- 09/2023
- EIN
- 34-6576279
Organization Overview
Ada & Helen Rank Charitable Tr 2864 is located in Brooklyn, OH. The organization was established in 1971. 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. Ada & Helen Rank Charitable Tr 2864 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 09/2023, Ada & Helen Rank Charitable Tr 2864 generated $265.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $248.7k during the year ending 09/2023. While expenses have increased by 8.1% per year over the past 4 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 2020, Ada & Helen Rank Charitable Tr 2864 has awarded 71 individual grants totaling $619,617. 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 |
|---|---|---|---|
Keybank N A Trustee/board Member | 2 | $36,770 | |
Black Mccuskey Souers Arbaugh Legal Rep/board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $208,465 |
| Capital Gain Net Income | $208,465 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $265,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,770 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,072 |
| Total operating and administrative expenses | $41,912 |
| Contributions, gifts, grants paid | $206,798 |
| Total expenses and disbursements | $248,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,146 |
| 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 | $1,669,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,760,590 |
| 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, Ada & Helen Rank Charitable Tr 2864 has awarded $206,798 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
EMBRACING FUTURES PURPOSE: GENERAL OPERATING | $5,000 |
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING | $5,000 |
HEART OF OHIO DIAPER BANK PURPOSE: GENERAL OPERATING | $5,000 |
RAPE CRISIS CENTER PURPOSE: GENERAL OPERATING | $5,000 |
STEWARTS CARING PLACE PURPOSE: GENERAL OPERATING | $5,000 |
PATHWAY CARING FOR CHILDREN PURPOSE: GENERAL OPERATING | $5,000 |