Norman R Rales And Ruth Rales Foundation
- Assets
- $222.0m
- Revenue
- $95.6m
- Investments
- $88.3m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1988
- Data as of
- 11/2022
- EIN
- 59-6874589
Organization Overview
Norman R Rales And Ruth Rales Foundation is located in Washington, DC. The organization was established in 1988. 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. Norman R Rales And Ruth Rales 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 11/2022, Norman R Rales And Ruth Rales Foundation generated $95.6m in total revenue. All expenses for the organization totaled $15.5m during the year ending 11/2022. While expenses have increased by 19.4% per year over the past 3 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, Norman R Rales And Ruth Rales Foundation has awarded 83 individual grants totaling $44,241,816. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua B Rales Trustee & President | 40 | $315,000 | |
Ileane Rosenthal Chief Operating Officer | 40 | $284,000 | |
Maura Dyer VP Of Admin & Hr | 40 | $159,000 | |
Alison Beyrle VP Prgm & Grant Admn | 40 | $139,800 | |
Mitchell P Rales Trustee | 1 | $0 | |
Steven M Rales Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $193,153 |
| Dividends & Interest | $534,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,824,065 |
| Capital Gain Net Income | $94,824,065 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $95,551,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $599,000 |
| Other employee salaries and wages | $298,800 |
| Pension plans, employee benefits | $159,361 |
| Interest | $0 |
| Taxes | $390,000 |
| Depreciation | $5,318 |
| Occupancy | $15,102 |
| Travel, conferences, and meetings | $21,699 |
| Printing and publications | $802 |
| Other expenses | $44,635 |
| Total operating and administrative expenses | $1,650,749 |
| Contributions, gifts, grants paid | $13,825,408 |
| Total expenses and disbursements | $15,476,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $133,615,054 |
| Net Accounts receivable | $42,987 |
| 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 | $43,122,624 |
| Net Land, buildings, and equipment | $3,477 |
| Other assets | $0 |
| Total assets | $221,982,032 |
| Accounts payable and accrued expenses | $3,420 |
| 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 | $3,420 |
Grants Awarded
Over the last fiscal year, Norman R Rales And Ruth Rales Foundation has awarded $22,652,508 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Rockville, MD PURPOSE: EDUCATIONAL SUPPORT | $8,000,000 |
New York, NY PURPOSE: EDUCATIONAL SUPPORT | $5,210,000 |
San Francisco, CA PURPOSE: EDUCATIONAL SUPPORT | $2,280,000 |
Rockville, MD PURPOSE: EDUCATIONAL SUPPORT | $2,000,000 |
Boca Raton, FL PURPOSE: COUNSELING AND EDUCATIONAL SUPPORT | $1,975,000 |
Charlottesville, VA PURPOSE: EDUCATIONAL SUPPORT | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |
Gottesman Fund Washington, DC | $264,170,808 | -$2,596,565 |
Public Welfare Foundation Inc Washington, DC | $0 | $41,854,063 |
The Quetzal Trust Washington, DC | $401,867,494 | $38,153,664 |
Dominion Energy Charitable Foundation Richmond, VA | $8,697,577 | $22,767,860 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |