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← RURITAN NATIONAL FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by RURITAN NATIONAL FOUNDATION INCORPORATED.

Totals

Total revenue
$702,545
Total expenses
$517,448
Contributions and grants received
$139,223
Grants paid
$366,961
Program service revenue
$144,300
Investment income
$416,331
Other revenue
$2,691
Total assets, end of year
$6,457,129
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,457,129
Program services expenses (Part IX)
$427,943
Management and general expenses
$88,572
Fundraising expenses
$933
Program service expenses (Part III)
$427,943

Program services were 82.7% 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.

  • 1f · All other contributions, gifts and grants

    $139,223

  • 2a · Program service revenue: Build Your Dollars

    total $144,300 · related or exempt $144,300

  • 3 · Investment income

    total $149,237 · excluded $149,237

  • 7a · Gross sales of assets other than inventory

    securities $1,716,434

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

    securities $1,449,340

  • 7c · Gain or loss

    securities $267,094

  • 7d · Net gain or loss

    total $267,094 · excluded $267,094

  • 11a · Other revenue: Other income

    total $2,691 · related or exempt $2,691

  • 11e · Other revenue, total

    $2,691

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $313,875 · program services $313,875

  • 2 · Grants to domestic individuals

    total $53,086 · program services $53,086

  • 11c · Fees: accounting

    total $9,250 · management and general $9,250

  • 11f · Fees: investment management

    total $52,019 · management and general $52,019

  • 13 · Office expenses

    total $2,081 · management and general $2,081

  • 17 · Travel

    total $15,957 · management and general $15,957

  • 24a · Other expenses: Foreign Taxes

    total $2,460 · management and general $2,460

  • 24b · Other expenses: Administrative expenses

    total $62,929 · program services $56,636 · management and general $6,293

  • 24c · Other expenses: Foundation weekend supplies

    total $2,010 · program services $2,010

  • 24d · Other expenses: Awards

    total $2,336 · program services $2,336

  • 24e · All other expenses

    total $1,445 · management and general $512 · fundraising $933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,792 · end of year $4,350

  • 2 · Savings and temporary cash investments

    beginning of year $142,824 · end of year $363,317

  • 11 · Investments: publicly traded securities

    beginning of year $5,054,796 · end of year $6,089,462

  • 27 · Net assets without donor restrictions

    beginning of year -$2,030,663 · end of year -$1,312,087

  • 28 · Net assets with donor restrictions

    beginning of year $7,374,075 · end of year $7,769,216

Mission and programs · 2023

Mission

Providing financial assistance to qualified individuals or groups for educational, charitable, and benevolent activities. The Foundation provides educational scholarships and grants from the endowed funds it manages.

  • The Foundation distributes income to participating clubs for the purpose of awarding student scholarships.

    Expenses $313,875 · Grants $313,875 · Revenue $144,300

  • The Foundation manages endowments that provide student loans, awards, and scholarships to qualifying persons pursuing post-secondary education.

    Expenses $114,068 · Grants $53,086

As filed on the 2023 return.

Listed in Part VII

  • Sarah Kelly

    Executive Director

    Total calculated
    $67,746
    From this org
    $0
    From related orgs
    $61,587
    Other
    $6,159
    Hours/week
    4 + 40 related

  • Cleve Wright

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Alex Sowers

    Promotion Chair

    Total calculated
    $0
    Hours/week
    3

  • Debra L Knesal

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • OH Bobbitt III

    Past President

    Total calculated
    $0
    Hours/week
    3

  • Phillip Bradshaw

    President

    Total calculated
    $0
    Hours/week
    3

  • Josh Adams

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Clinton Guy Cox

    Vice President

    Total calculated
    $0
    Hours/week
    3

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

No itemized grants to organizations 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
25 March 2025
IRS schema version
2023v6.0
Source object
202520849349300117

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