Ruth a Elmore Trust EIN 01-6008591 Form 990 (PDF) Claim this org

Ruth a Elmore Trust

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Provides financial aid to hospitals, medical centers, and churches for their general needs. For fiscal year 2024 it reported $654K in revenue, $482K in expenses, and $11.6M in net assets.Pt I

Type
Supporting organization · Foundations & Grantmakers
Location
Boston, MA
Filings
5 on file (2020–2024)
Revenue
$654KFY2024
Expenses
$482K
Net assets
$11.6M
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-6008591 Supporting organization Boston, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides financial aid to hospitals, medical centers, and churches for their general needs.
Leadership
Henry Osborn · Trustee · $42K
Money in and out
$654K revenue, $482K expenses
Bottom line
+26% net inflow
Money in and out · FY2024
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$482K
Pt IX · Ln 25
Net assets
$11.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $172K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Net inflow
+26%
revenue over expenses, this year▼ -12% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
82%
of expenses reach stated programs▲ +9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$654K
FY2024▲ +32%
Expenses
$482K
FY2024▲ +39%
Total assets
$11.6M
FY2024▲ +2%
Total liabilities
$0
FY2024
Total revenue
$654K
Pt VIII · Ln 12
Total expenses
$482K
Pt IX · Ln 25
Net assets
$11.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$172K
Total assetsPt X · Ln 16$11.6M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRuth a Elmore Trust
EINHdr · item D01-6008591
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJul 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$41,594Pt VII · Sec A

Henry Osborn’s $42K as Trustee is at the 38th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Henry Osborn$41,594$37,540$38,521$41,935$35,596

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $394K of program spending, described in the organization's own filed words · FY2024.
01

The Ruth A. Elmore Trust Fund invests in savings and marketable securities. The income from these investments is divided equally among 11 specific charitable organizations to be used for general purposes as specified in the declaration of trust dated 2/2/53.

$394Kprogram expense

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Statement of Revenue

Part VIII
Investment income100%$654K
Total revenueLn 12$654K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$394K
Management & general18%$88K
Total functional expensesLn 25$482K

Balance Sheet

Part X · end of year
CashLn 1$170K
Total assetsLn 16$11.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$11.6M
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.6M · Operating expenses/yr $482K
287.8 months
Where the money goes
Program services
Program services $394K · Total expenses $482K
82%
Management & General
Management & general $88K · Total expenses $482K
18%
Fundraising
Fundraising $0 · Total expenses $482K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $654K
0%
Government reliance
Government grants — · Total revenue $654K
Earned-income share
Program service revenue $0 · Total revenue $654K
0%
Investment reliance
Investment income $654K · Total revenue $654K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $482K
0%
Growth & trend
Revenue growth (YoY)
This year $654K · Prior year $496K
+32%
Revenue CAGR
FY2020 $542K · FY2024 $654K
+5%
Net-asset trend (YoY)
End of year $11.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $654K · Expenses $482K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $11.6M
Net-asset ratio
Net assets $11.6M · Total assets $11.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11.6M
99%
People & payroll
Highest Reported Total Compensation
Individual Henry Osborn · Reported title Trustee · Highest reported compensation $42K · Total expenses $482K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $42K · Total expenses $482K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Revenue growth 32%
Investment management fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 55 grants · $1.6M · 2020–2024
First Church of Christ ScientistFY2024$35,832
First Church of Christ ScientistFY2024$35,832
First Church of Christ ScientistFY2024$35,832
First Church of Christ ScientistFY2024$35,832
Pen Bay Medical CenterME · FY2024$35,832
Pine Tree Society INCME · FY2024$35,831
First Church of Christ ScientistFY2024$35,830
First Church of Christ ScientistFY2023$23,713
First Church of Christ ScientistFY2023$23,713
First Church of Christ ScientistFY2023$23,713
First Church of Christ ScientistFY2023$23,713
See all 55 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$654K revenue · viewing · ⤓ 990 PDF
FY2023$496K revenue · ⤓ 990 PDF
FY2022$514K revenue · ⤓ 990 PDF
FY2021$800K revenue · ⤓ 990 PDF
FY2020$542K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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