Ruth M Foy Charitable Foundation Inc
- Assets
- $499.1k
- Revenue
- $8.8k
- Investments
- $476.5k
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 12/1989
- Data as of
- 12/2023
- EIN
- 65-0102106
Organization Overview
Ruth M Foy Charitable Foundation Inc is located in Sarasota, FL. The organization was established in 1989. 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. Ruth M Foy Charitable 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, Ruth M Foy Charitable Foundation Inc generated $8.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $45.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Cowles Director | 1 | $0 | |
Thomas A Menchinger Treasurer | 2 | $0 | |
Leeann Caragiulo Secretary | 8 | $10,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $280 |
| Dividends & Interest | $12,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,109 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $796 |
| Interest | $0 |
| Taxes | $1,639 |
| Depreciation | $821 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $740 |
| Total operating and administrative expenses | $28,440 |
| Contributions, gifts, grants paid | $17,250 |
| Total expenses and disbursements | $45,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,347 |
| 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 | $168 |
| Other assets | $0 |
| Total assets | $499,057 |
| Accounts payable and accrued expenses | $1,330 |
| 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 | $1,330 |
Grants Awarded
Over the last fiscal year, Ruth M Foy Charitable Foundation Inc has awarded $17,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH FLORIDA PURPOSE: EDUCATIONAL | $3,750 |
TEEN COURT OF SARASOTA INC PURPOSE: EDUCATIONAL | $10,000 |
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: EDUCATIONAL | $1,500 |
UNIVERSITY OF TAMPA PURPOSE: EDUCATIONAL | $1,500 |
FLORIDA STATE UNIVERSITY PURPOSE: EDUCATIONAL | $500 |