George W & Mary F Ritter Charitable Tr
- Assets
- $8.9m
- Revenue
- $2.2m
- Investments
- $8.9m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 08/1956
- Data as of
- 11/2023
- EIN
- 34-6781636
Organization Overview
George W & Mary F Ritter Charitable Tr is located in Brooklyn, OH. The organization was established in 1956. 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 the central organization for a national or regional group of organizations. George W & Mary F Ritter 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 11/2023, George W & Mary F Ritter Charitable Tr generated $2.2m in total revenue. All expenses for the organization totaled $718.1k during the year ending 11/2023. While expenses have increased by 4.8% 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, George W & Mary F Ritter Charitable Tr has awarded 98 individual grants totaling $2,407,795. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $260,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,918,294 |
| Capital Gain Net Income | $1,918,294 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,804 |
| Total Revenue | $2,181,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,751 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,841 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $208 |
| Total operating and administrative expenses | $40,800 |
| Contributions, gifts, grants paid | $677,294 |
| Total expenses and disbursements | $718,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $8,921,214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,921,214 |
| 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, George W & Mary F Ritter Charitable Tr has awarded $677,294 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST CONGREGATIONAL CHURCH PURPOSE: GENERAL OPERATING EXPENSES | $11,509 |
ANCIENT ACCEPTED SCOTTISH RITE PURPOSE: GENERAL OPERATING | $875 |
ST OMER COMMANDERY 59 PURPOSE: GENERAL OPERATING | $860 |
TOLEDO LODGE 144 FREE & ACCEPTED PURPOSE: GENERAL OPERATING | $4,506 |
GR CHAPTER OF ROYAL ARCH MASONS PURPOSE: GENERAL OPERATING | $26 |
THE SALVATION ARMY PURPOSE: GENERAL OPERATING EXPENSES | $11,509 |