Nancy Buck Ransom Foundation
- Assets
- $42.4m
- Revenue
- $2.1m
- Investments
- $41.9m
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 11/1979
- Data as of
- 12/2023
- EIN
- 94-2601172
Organization Overview
Nancy Buck Ransom Foundation is located in Monterey, CA. The organization was established in 1979. 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. Nancy Buck Ransom 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, Nancy Buck Ransom Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nancy Buck Ransom Foundation has awarded 761 individual grants totaling $20,994,526. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Arentz Outgoing Chair | 1 | $0 | |
Lynn Bentaleb Sec/exec Dir | 40 | $122,812 | |
Carmen Gil Director | 1 | $0 | |
Carol Kolb Treasurer | 2 | $0 | |
Caroline Degenaars Director | 1 | $0 | |
William Doolittle Outgoing V. C. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,141,397 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $946,041 |
| Capital Gain Net Income | $946,041 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,822 |
| Total Revenue | $2,089,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,812 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,141 |
| Interest | $0 |
| Taxes | $106,785 |
| Depreciation | $0 |
| Occupancy | $26,867 |
| Travel, conferences, and meetings | $490 |
| Printing and publications | $0 |
| Other expenses | $196,640 |
| Total operating and administrative expenses | $484,260 |
| Contributions, gifts, grants paid | $1,525,000 |
| Total expenses and disbursements | $2,009,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $491,103 |
| 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 | $12,229 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,903,520 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $30,596 |
| Total assets | $42,437,448 |
| Accounts payable and accrued expenses | $48,210 |
| Grants payable | $99,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $73,743 |
| Total liabilities | $220,953 |
Grants Awarded
Over the last fiscal year, Nancy Buck Ransom Foundation has awarded $1,525,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CRIVITZ YOUTH INC PURPOSE: OPERATING SUPPORT | $1,100,000 |
ARIEL THEATRICAL INC PURPOSE: OPERATING SUPPORT | $10,000 |
ARTS COUNCIL OF SANTA CRUZ COUNTY PURPOSE: OPERATING SUPPORT | $10,000 |
EL SISTEMA USASALINAS INC PURPOSE: OPERATING SUPPORT | $15,000 |
GIRL SCOUTS OF CALIFORNIA CENTRAL C PURPOSE: WORKFORCE OF TOMORROW IN MONTEREY COUNTY | $10,000 |
OLINGA LEARNING PURPOSE: OPERATING SUPPORT | $10,000 |