Russ Family Foundation
- Assets
- $521.5k
- Revenue
- $193.6k
- Investments
- $371.2k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3975144
Organization Overview
Russ Family Foundation is located in Los Angeles, CA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Russ 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, Russ Family Foundation generated $193.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $154.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Russ Family Foundation has awarded 108 individual grants totaling $576,584. 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 |
|---|---|---|---|
Larry C Russ Ceo/secretary/cfo | 1 | $0 | |
Sonia S Russ Director | 0 | $0 | |
Samantha J Russ Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,813 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,289 |
| Capital Gain Net Income | $75,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $193,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,949 |
| Total operating and administrative expenses | $13,051 |
| Contributions, gifts, grants paid | $141,850 |
| Total expenses and disbursements | $154,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,315 |
| 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 | $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 | $521,502 |
| 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, Russ Family Foundation has awarded $141,850 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AFINS PURPOSE: SUPPORT ORGANIZATIONS GOALS | $1,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: SUPPORT ORGANIZATIONS GOALS | $50,000 |
CEDAR SINAI MEDICAL CENTER PURPOSE: SUPPORT ORGANIZATIONS GOALS | $10,000 |
FRIENDS OF ELNET PURPOSE: SUPPORT CULTURAL RELATIONS WITH ISRAEL | $5,000 |
SINAI TEMPLE PURPOSE: SUPPORT ORGANIZATIONS GOALS | $5,350 |
STANDWITHUS PURPOSE: TO EDUCATE ABOUT ISRAEL AND FIGHT RISING ANTISEMITISM | $5,000 |