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Nonprofiteer
← RUTTER FOUNDATION INC

Form 990 for tax year 2023

Filed by RUTTER FOUNDATION INC.

Totals

Total revenue
$485,330
Total expenses
$399,424
Contributions and grants received
$0
Grants paid
$365,000
Program service revenue
$0
Investment income
$485,330
Other revenue
$0
Total assets, end of year
$8,840,845
Total liabilities, end of year
$200,000
Net assets or fund balances, end of year
$8,640,845
Program services expenses (Part IX)
$366,853
Management and general expenses
$32,571
Fundraising expenses
$0
Program service expenses (Part III)
$366,853

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $43,290 · excluded $43,290

  • 7a · Gross sales of assets other than inventory

    securities $1,851,728

  • 7b · Less cost or other basis and sales expenses

    securities $1,409,688

  • 7c · Gain or loss

    securities $442,040

  • 7d · Net gain or loss

    total $442,040 · excluded $442,040

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $365,000 · program services $365,000

  • 11c · Fees: accounting

    total $3,475 · program services $1,737 · management and general $1,738

  • 11f · Fees: investment management

    total $30,833 · management and general $30,833

  • 24a · Other expenses: GOVERNMENT FILING FEES

    total $100 · program services $100

  • 24b · Other expenses: BANK FEES

    total $16 · program services $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,206 · end of year $243,547

  • 2 · Savings and temporary cash investments

    beginning of year $162,031 · end of year $804,182

  • 7 · Other notes and loans receivable

    beginning of year $650,000 · end of year $650,000

  • 11 · Investments: publicly traded securities

    beginning of year $4,403,808 · end of year $4,236,373

  • 12 · Investments: other securities

    beginning of year $2,906,743 · end of year $2,906,743

  • 18 · Grants payable

    beginning of year $0 · end of year $200,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,134,788 · end of year $8,640,845

Mission and programs · 2023

Mission

FOUNDATION SUPPORTS SPECIFIC PUBLICLY SUPPORTED ORGANIZATIONS.

  • THE FOUNDATION SUPPORTED FIVE SECTION 501(C)(3) EXEMPT ORGANIZATIONS IN 2023 THROUGH GRANTS TO BENEFIT AND FURTHER SCIENTIFIC MEDICAL RESEARCH, EDUCATIONAL, MUSICAL AND ARTISTIC PURPOSES.

    Expenses $366,853 · Grants $365,000

As filed on the 2023 return.

Listed in Part VII

  • William J Rutter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Ward S Pynn

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Regis Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Bruce Alberts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349312021

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