Ruth And Jo Stone Foundation
- Assets
- $42.8m
- Revenue
- $5.6m
- Investments
- $41.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3471315
Organization Overview
Ruth And Jo Stone Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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 And Jo Stone 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 12/2023, Ruth And Jo Stone Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ruth And Jo Stone Foundation has awarded 74 individual grants totaling $6,924,431. 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 |
|---|---|---|---|
Linda R Chamberlain Sec, Treas, Dir | 1 | $0 | |
H Jason Hall Dir, VP | 1 | $0 | |
Timothy K Mariani Dir, Pres | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wells Fargo | 12/30/23 | $260,613 |
Foundation Source | 12/30/23 | $62,213 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,525,679 |
| Interest on Savings | $27,573 |
| Dividends & Interest | $1,028,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$76,972 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $125,546 |
| Total Revenue | $5,630,457 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,428 |
| Total operating and administrative expenses | $345,678 |
| Contributions, gifts, grants paid | $2,827,431 |
| Total expenses and disbursements | $3,173,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,358,842 |
| Net Accounts receivable | $133,931 |
| 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 | $42,750,807 |
| 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, Ruth And Jo Stone Foundation has awarded $2,827,431 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: CHARITABLE EVENT | $25,000 |
CHARITY WORKS INC PURPOSE: CHARITABLE EVENT | $5,000 |
CREATED WOMEN PURPOSE: TO PURCHASE OF TOILETRIES, PERSONAL SUPPLIES, AND OTHER GOODS, FACILITATED VIA CHARITY WORKS A 501(C)(3) ORGANIZATION | $25,000 |
CLAY CENTER FOR THE ARTS & SCIENCES OF WEST VIRGIN PURPOSE: CHARITABLE EVENT | $20,000 |
CLEARWATER FREE CLINIC INC PURPOSE: CHARITABLE EVENT | $25,000 |
CHARITY WORKS INC PURPOSE: CHARITABLE EVENT | $5,000 |