Civic Intelligence

The Ruth Foundation

990 • Fiscal year 2016 • EIN 75-2254284

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

1900 North Akard StreetDallas, TX 75201-2300

(214) 978-8860

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.60x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

1st percentile

-1842%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$431,393

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 376.1% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

5th percentile

-17%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-61%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$10,543,460

Down $2,101,759 (-17%) from 2015

Net Assets

Down

$10,474,722

Down $2,101,759 (-17%) from 2015

Liabilities

Flat

$68,738

Flat from 2015

Revenue

Down

$114,710

Down $179,257 (-61%) from 2015

Expenses

Down

$2,227,324

Down $296,397 (-12%) from 2015

Net Income

Up

-$2,112,614

Up $117,140 (+5.3%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $28,492,685Liabilities 2010: $288,554Net Assets 2010: $28,204,1312010Assets 2011: $27,631,161Liabilities 2011: $292,288Net Assets 2011: $27,338,8732011Assets 2012: $27,142,643Liabilities 2012: $277,897Net Assets 2012: $26,864,7462012Assets 2013: $24,544,726Liabilities 2013: $130,668Net Assets 2013: $24,414,0582013Assets 2014: $14,859,719Liabilities 2014: $53,484Net Assets 2014: $14,806,2352014Assets 2015: $12,645,219Liabilities 2015: $68,738Net Assets 2015: $12,576,4812015Assets 2016: $10,543,460Liabilities 2016: $68,738Net Assets 2016: $10,474,7222016Assets 2017: $9,853,153Liabilities 2017: $63,589Net Assets 2017: $9,789,5642017Assets 2018: $6,384,284Liabilities 2018: $6,690Net Assets 2018: $6,377,5942018Assets 2019: $4,489,320Liabilities 2019: $2,849Net Assets 2019: $4,486,4712019

Highlighted filing

2016

Assets$10,543,460
Liabilities$68,738
Net Assets$10,474,722

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $103,472Expenses 2010: $975,152Net Income 2010: -$871,6802010Revenue 2011: $292,458Expenses 2011: $1,157,716Net Income 2011: -$865,2582011Revenue 2012: $481,127Expenses 2012: $980,099Net Income 2012: -$498,9722012Revenue 2013: -$2,228,794Expenses 2013: $221,894Net Income 2013: -$2,450,6882013Revenue 2014: $1,222,526Expenses 2014: $1,853,508Net Income 2014: -$630,9822014Revenue 2015: $293,967Expenses 2015: $2,523,721Net Income 2015: -$2,229,7542015Revenue 2016: $114,710Expenses 2016: $2,227,324Net Income 2016: -$2,112,6142016Revenue 2017: $1,551,724Expenses 2017: $2,233,337Net Income 2017: -$681,6132017Revenue 2018: -$1,124,738Expenses 2018: $2,265,404Net Income 2018: -$3,390,1422018Revenue 2019: $233,856Expenses 2019: $2,159,429Net Income 2019: -$1,925,5732019

Highlighted filing

2016

Revenue$114,710
Expenses$2,227,324
Net Income-$2,112,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$516,286
Mission and Program Overview

Mission

The ruth foundation is a texas nonprofit foundation established october 31, 1988 to offer funding and assistance to organizations which have as their goal christian evangelism and discipleship.

The Ruth Foundation is a Texas nonprofit foundation established to offer funding & assistance to organizations which have as their goal Christian evangelism and discipleship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,443,312$6,443,312→ $0
Investments in Publicly Traded Securities$0$3,645,178▲ $3,645,178
Savings and Temporary Cash Investments$6,184,868$442,990▼ $5,741,878
Accounts Receivable$17,039$11,980▼ $5,059
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$12,645,219$10,543,460▼ $2,101,759
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$68,738$68,738→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$68,738$68,738→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$12,576,481$10,474,722▼ $2,101,759
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$12,576,481$10,474,722▼ $2,101,759
Total Liabilities and Net Assets / Fund Balance$12,645,219$10,543,460▼ $2,101,759

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,443,312--
Compensation and Service Providers

Board Members and Trustees

NameTitle
June HuntPresident/chairwoman/director
Carlos PenaDirector
Eleanor BrileyDirector
Karen PerryDirector
Meredith WoodworthDirector
Stan KeithDirector
Brent E ChristopherVP/director
Jill MeyerSecretary
Elizabeth LundTreasurer (through 3/1/16)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$35,183
Other Revenue
$79,527
Change in Net Assets
$-2,112,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,710
Revenue Not Reported on Form 990
$10,855
Total Revenue per Audited Statements
$125,565
Total Revenue per Form 990
$114,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,010,000
Other Expenses$217,324
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,010,000--$2,010,000
Other Expenses-$19,882-$19,882
Total Functional Expenses$2,010,000$217,324$0$2,227,324

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,227,324
Total Expenses per Audited Statements$2,227,324
Total Expenses per Form 990$2,227,324
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hope for the HeartPlano, TX501(c)(3)Broadcast Operations$2,000,000
Communities Foundation of TXDallas, TX501(c)(3)General Fund$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 2

SEE STATEMENT 1

Part VI, Line 11B

The board will email returns to its members for review.

Part VI, Line 12C

All directors, officers, committee members, and employees are covered under the conflict of interest policy. The board of directors, through monitoring of annual disclosure forms and follow-up with respect to any conflicts noted on these forms, determines a) whether a conflict exists, and b) reviews the actual conflict.

Part VI, Line 19

The ruth foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Part VI, Line 7A

Persons affiliated with the Communities Foundation of Texas ("CFT"), the Foundation's supported organization, comprise a majority of the Foundation's governing body. Pursuant to the Foundation's bylaws, the Foundation's governing body is comprised of seven (7) directors, three (3) of whom are identified as "Ruth Directorsthe remaining four (4) identified as "Communities Foundation Directors". Ruth Directors are appointed each year by June Hunt. Communities Foundation Directors' status on the Foundation's board is determined in accordance with the structure described immediately below: One (1) of the four Communities Foundation Directors of the Foundation is the person then serving as either the President, Chair, or Vice Chair of CFT. The remaining three (3) Communities Foundation Directors of the Foundation shall be either: (i) persons serving on the Board of Trustees of CFT; (ii) persons who have served on the Board of Trustees of CFT; (iii) members of CFT's Advisory Council; or (iv) other persons selected by the Board of Trustees of CFT; provided that at least one (1) of such Communities Foundation Directors shall be an individual then serving as a member of the Board of Trustees of CFT. The rights of the Communities Foundation Directors are materially the same as those of the other directors. same as those of the other directors.

Part VI, Line 15B

The ruth foundation has no compensated officers or employees.

Filing and Contact Details

Filer

Filer Name
The Ruth Foundation
EIN
75-2254284
In Care Of
% JILL MEYER
Phone
2149788860
Address
1900 North Akard Street, Dallas, TX 75201-2300

Signing Officer

Name
June Hunt
Title
President/chairwoman
Phone
2149788860
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
June Hunt Chairmanpresident
Formed
1988
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
PricewaterhouseCoopers LLP
Address
2001 Ross Avenue Suite 1800, Dallas, TX 75201-2997
Preparer
John Collins Iii
Phone
2149991400
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The foundation's board of directors approves the auditors and audited financial statements.

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IRS990/PrincipalOfficerNm0JUNE HUNT CHAIRMANPRESIDENT
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation provided funding for general purposes to the Communities Foundation of Texas. The Foundation provides grants for various purposes to organizations that share the same vision and mission as the foundation.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE RUTH FOUNDATION PROVIDED A GRANT TO HOPE FOR THE HEART IN THE AMOUNT OF $2,000,000. THIS ORGANIZATION SHARES THE SAME VISION AND MISSION AS THE FOUNDATION. THE GRANT WAS DISTRIBUTED ONLY AFTER THE APPROVAL OF THE BOARD OF TRUSTEES OF COMMUNITIES FOUNDATION OF TEXAS, THE ORGNAIZATION THAT IS SUPPORTED BY THE RUTH FOUNDATION. THIS APPROVAL EVIDENCES THE CONCURRENCE BY THE BOARD OF TRUSTEES OF COMMUNITIES FOUNDATION OF TEXAS THAT THESE GRANTS SUPPORT AND BENEFIT COMMUNITIES FOUNDATION OF TEXAS AND ITS MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION A LINE 6
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COMMUNITIES FOUNDATION OF TEXAS
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BROADCAST OPERATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOPE FOR THE HEART
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1COMMUNITIES FOUNDATION OF TX
IRS990ScheduleI/RecipientTable/RecipientEIN0752191528
IRS990ScheduleI/RecipientTable/RecipientEIN1750964565
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02001 W PLANO PKWY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15500 CARUTH HAVEN LANE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PLANO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DALLAS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ONLY PROVIDES GRANTS TO ORGANIZATIONS THAT SHARE THE SAME VISION AND MISSION AS THE FOUNDATION. FOR THE GRANTS MADE FROM JULY 1, 2015 THROUGH JUNE 30, 2016, SELECTED OFFICERS AND MEMBERS OF THE RUTH FOUNDATION AND THE COMMUNITIES FOUNDATION OF TEXAS FOLLOWED UP WITH DONEE ORGANIZATIONS TO ENSURE GRANT FUNDS WERE USED FOR THEIR DESIGNATED PURPOSES.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0335000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0293
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRENT E CHRISTOPHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP/DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEE STATEMENT 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL EMAIL RETURNS TO ITS MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND EMPLOYEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS, THROUGH MONITORING OF ANNUAL DISCLOSURE FORMS AND FOLLOW-UP WITH RESPECT TO ANY CONFLICTS NOTED ON THESE FORMS, DETERMINES A) WHETHER A CONFLICT EXISTS, AND B) REVIEWS THE ACTUAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RUTH FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S BOARD OF DIRECTORS APPROVES THE AUDITORS AND AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Persons affiliated with the Communities Foundation of Texas ("CFT"), the Foundation's supported organization, comprise a majority of the Foundation's governing body. Pursuant to the Foundation's bylaws, the Foundation's governing body is comprised of seven (7) directors, three (3) of whom are identified as "Ruth Directorsthe remaining four (4) identified as "Communities Foundation Directors". Ruth Directors are appointed each year by June Hunt. Communities Foundation Directors' status on the Foundation's board is determined in accordance with the structure described immediately below: One (1) of the four Communities Foundation Directors of the Foundation is the person then serving as either the President, Chair, or Vice Chair of CFT. The remaining three (3) Communities Foundation Directors of the Foundation shall be either: (i) persons serving on the Board of Trustees of CFT; (ii) persons who have served on the Board of Trustees of CFT; (iii) members of CFT's Advisory Council; or (iv) other persons selected by the Board of Trustees of CFT; provided that at least one (1) of such Communities Foundation Directors shall be an individual then serving as a member of the Board of Trustees of CFT. The rights of the Communities Foundation Directors are materially the same as those of the other directors. same as those of the other directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE RUTH FOUNDATION HAS NO COMPENSATED OFFICERS OR EMPLOYEES.

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