W Russell And Norma Ramsey Foundation Inc
- Assets
- $3.1m
- Revenue
- $1.4m
- Investments
- $979.9k
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 09/1994
- Data as of
- 06/2023
- EIN
- 52-1853713
Organization Overview
W Russell And Norma Ramsey Foundation Inc is located in Mclean, VA. The organization was established in 1994. 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. W Russell And Norma Ramsey 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 06/2023, W Russell And Norma Ramsey Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 51.1% each year . All expenses for the organization totaled $367.8k during the year ending 06/2023. While expenses have increased by 24.4% per year over the past 8 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 2015, W Russell And Norma Ramsey Foundation Inc has awarded 104 individual grants totaling $2,199,532. 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
THE FOUNDATION'S ONLY CHARITABLE ACTIVITY CONSISTS OF MAKING CASH CONTRIBUTIONS TO A VARIETY OF CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Russell Ramsey Director | 0 | $0 | |
Norma Ramsey Director | 0 | $0 | |
Ned S Scherer Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,440 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,798 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,316,855 |
| Capital Gain Net Income | $1,316,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,401,093 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $376 |
| Total operating and administrative expenses | $11,816 |
| Contributions, gifts, grants paid | $356,000 |
| Total expenses and disbursements | $367,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,129 |
| Savings and temporary cash investments | $2,053,772 |
| 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 | $3,112,751 |
| 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, W Russell And Norma Ramsey Foundation Inc has awarded $356,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNISON PRESERVATION SOCIETY PURPOSE: UNRESTRICTED | $1,000 |
CAL RIPKEN SR FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
CATHOLIC CHARITIES PURPOSE: UNRESTRICTED | $25,000 |
DON BOSCO CRISTO REY HIGH SCHOOL PURPOSE: UNRESTRICTED | $20,000 |
THE POTOMAC SCHOOL PURPOSE: 2022-2023 POTOMAC FUND AND 2023 FUND A SCHOLAR PROGRAM | $90,000 |
AACC FOUNDATION PURPOSE: NICK BARTON LACROSSE SCHOLARSHIP FUND | $10,000 |