Rector Family Foundation
- Assets
- $5.9m
- Revenue
- $1.5m
- Investments
- $3.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2019
- Data as of
- 12/2023
- EIN
- 83-3743765
Organization Overview
Rector Family Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rector Family 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, Rector Family Foundation generated $1.5m 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 (9.8%) each year. All expenses for the organization totaled $285.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Rector Family Foundation has awarded 20 individual grants totaling $553,732. 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 |
|---|---|---|---|
Aaron Rector Dir | 1 | $0 | |
April Rector Dir, Sec | 1 | $0 | |
Christian Rector Dir | 1 | $0 | |
Curtis Rector Dir, Pres | 1 | $0 | |
Julia Rector Dir | 1 | $0 | |
Anne Sambyal Dir, Treas | 20 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,404,058 |
| Interest on Savings | $43,950 |
| Dividends & Interest | $76,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,622 |
| Capital Gain Net Income | $425,868 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,512,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,369 |
| Interest | $0 |
| Taxes | $1,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,324 |
| Total operating and administrative expenses | $83,892 |
| Contributions, gifts, grants paid | $201,500 |
| Total expenses and disbursements | $285,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,996,299 |
| Net Accounts receivable | $1,290 |
| 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 | $5,886,792 |
| 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, Rector Family Foundation has awarded $201,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING A REFUGE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
CHRIS CENTER INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
EMMANUEL UNITED METHODIST CHURCH PURPOSE: HELPING HANDS FUND | $5,000 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: DONOR ADVISER FUND - CURTIS & APRIL RECTOR FAMILY CHARITABLE FUND | $100,000 |
GARRETT EVANGELICAL THEOLOGICAL SEMINARY PURPOSE: FUQUAY SCHOLARSHIP FUND | $10,000 |
LEUKEMIA & LYMPHOMA SOCIETY INC - INDIANA CHAPTER PURPOSE: 2023 INDIANAPOLIS STUDENT VISIONARIES OF THE YEAR CAMPAIGN | $25,000 |