Billie & George Ross Foundation Inc
- Assets
- $338.7k
- Revenue
- $357.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Litchfield, CT
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 41-2065250
Organization Overview
Billie & George Ross Foundation Inc is located in Litchfield, CT. The organization was established in 2003. 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. Billie & George Ross 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, Billie & George Ross Foundation Inc generated $357.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $280.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Billie & George Ross Foundation Inc has awarded 328 individual grants totaling $6,334,161. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A SOURCE OF FUNDING TO OTHER 501 C 3 EXEMPT ORGANIZATIONS DEMONSTRATING FINANCIAL NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George H Ross Director | 1 | $0 | |
Billie D Ross Director | 1 | $0 | |
Nanci Ross Adams Director | 0.1 | $0 | |
Stephanie Suskin Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $357,199 |
| Interest on Savings | $363 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $289,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $261 |
| Total operating and administrative expenses | $5,361 |
| Contributions, gifts, grants paid | $275,100 |
| Total expenses and disbursements | $280,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,687 |
| 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 | $0 |
| Total assets | $338,687 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $31,511 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,511 |
Grants Awarded
Over the last fiscal year, Billie & George Ross Foundation Inc has awarded $275,100 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: PREVENTION ANDCURE FOR CANCER | $0 |
AUTISM SPEAKS PURPOSE: RESEARCH INTO AUTISIMCAUSES, TREATMENT,CARE & EDUCATION | $0 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: SUPPORT EDUCATION,RESEARCH AND MENTAL HEALTH ADVOCACY | $0 |
BROADWAY CARES PURPOSE: PROVIDE SUPPORTTO THOSE AFFECTEDBY HIV/AIDS | $0 |
BOYS AND GIRLS CLUB PURPOSE: SUPPORT EDUCATIONAL& DEVELOPMENTALNEEDS OF CHILDREN | $0 |
CHILDRENS MEDICAL FUND PURPOSE: SUPPORT NEEDS OFSERIOUSLY ILLCHILDREN & FAMILIES | $0 |