Aj & Md Ruggiero Memorial Trust
- Assets
- $7.2m
- Revenue
- $943.7k
- Investments
- $7.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 86-6240840
Organization Overview
Aj & Md Ruggiero Memorial Trust is located in Chicago, IL. The organization was established in 1996. 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 the central organization for a national or regional group of organizations. Aj & MD Ruggiero Memorial Trust 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, Aj & MD Ruggiero Memorial Trust generated $943.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $507.1k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Aj & MD Ruggiero Memorial Trust has awarded 12 individual grants totaling $2,237,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $241,580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $702,099 |
| Capital Gain Net Income | $702,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $943,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,875 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,257 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $119,132 |
| Contributions, gifts, grants paid | $388,000 |
| Total expenses and disbursements | $507,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,395 |
| Savings and temporary cash investments | $85,691 |
| 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 | $7,152,735 |
| 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, Aj & Md Ruggiero Memorial Trust has awarded $388,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REID PARK ZOOLOGICAL SOCIETY PURPOSE: GENERAL | $240,475 |
FRIENDS OF MOUNT AUBURN CEMETERY PURPOSE: GENERAL | $147,525 |