Benjamin & Roberta Russell Educational & Charitable Fdn Inc
- Assets
- $14.9m
- Revenue
- $400.8k
- Investments
- $14.2m
- Employees
- 0
- Location
- Alexander City, AL
- Founding
- 08/1945
- Data as of
- 12/2022
- EIN
- 63-0393126
Organization Overview
Benjamin & Roberta Russell Educational & Charitable Fdn Inc is located in Alexander City, AL. The organization was established in 1945. 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. Benjamin & Roberta Russell Educational & Charitable Fdn 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 12/2022, Benjamin & Roberta Russell Educational & Charitable Fdn Inc generated $400.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $958.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Benjamin & Roberta Russell Educational & Charitable Fdn Inc has awarded 153 individual grants totaling $4,291,146. 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 |
|---|---|---|---|
Benjamin Russell President | 0 | $0 | |
Adelia R Hendrix Treasurer | 0 | $0 | |
Julia Goree Secretary | 0 | $0 | |
Earl C Baumgardner Director | 0 | $0 | |
Ec Gwaltney III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $161,528 |
| Dividends & Interest | $259,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,179 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $400,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $761 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,907 |
| Total operating and administrative expenses | $133,022 |
| Contributions, gifts, grants paid | $825,550 |
| Total expenses and disbursements | $958,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,941 |
| 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 | $5,642 |
| Net Investments - land, buildings, equipment | $10,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,885,167 |
| 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, Benjamin & Roberta Russell Educational & Charitable Fdn Inc has awarded $825,550 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER CITY BOARD OF EDUCATION PURPOSE: CONTRIBUTION | $149,000 |
ALEXANDER CITY MEALS ON WHEELS PURPOSE: CONTRIBUTION | $9,000 |
ARISE INC PURPOSE: CONTRIBUTION | $40,000 |
CAMP ASSCA PURPOSE: CONTRIBUTION | $13,500 |
BENJAMIN RUSSELL HIGH SCHOOL PURPOSE: CONTRIBUTION | $21,000 |
CHILDREN'S HARBOR INC PURPOSE: CONTRIBUTION | $110,000 |