Frederick B Rutter Memorial INC EIN 15-0577245

Frederick B Rutter Memorial INC FY2021 filing

EIN  15-0577245 Public charity (501(c)(3)) New Hartford, NY
Form 990 (PDF)
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Size
<$100K
What they do
Provides a building for Boy Scouts in Utica, NY.
Leadership
Jack Brunner · Director
Money in and out
$38K revenue, $23K expenses
Bottom line
57% program efficiency

Provides a building for Boy Scouts in Utica, NY. For fiscal year 2021 it reported $38K in revenue, $23K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$38K
Pt VIII · Ln 12
Total expenses
$23K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $15K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Program efficiency
57%
of spending reaches programs
Operating runway
542.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+40%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$38K
FY2021▲ +27%
Expenses
$23K
FY2021▼ -14%
Total assets
$1.1M
FY2021▲ +8%
Total liabilities
$2K
FY2021
Total revenue
$38K
Pt VIII · Ln 12
Total expenses
$23K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$15K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $13K of program spending, described in the organization's own filed words · FY2021.
01

To provide & maintain a building & grounds for the Boy Scouts of America in Utica NY.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFrederick B Rutter Memorial INC
EINHdr · item D15-0577245
Principal addressHdr · item CNew Hartford, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O41I)
Ruling yearIRS BMFJan 1957

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$21K · 55%
Contributions & grants$17K · 45%
Investment income55%$21K
Contributions & grants45%$17K
Total revenueLn 12$38K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$13K
Management & general43%$10K
Total functional expensesLn 25$23K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$2K
Total net assetsLn 32$1.1M
Months of cash on handcomputed33.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $23K
542.6 months
Where the money goes
Program services
Program services $13K · Total expenses $23K
57%
Management & General
Management & general $10K · Total expenses $23K
43%
Fundraising
Fundraising $0 · Total expenses $23K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $24K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $38K
45%
Government reliance
Government grants — · Total revenue $38K
Earned-income share
Program service revenue $0 · Total revenue $38K
0%
Investment reliance
Investment income $21K · Total revenue $38K
+55%
Program self-sufficiency
Program service revenue $0 · Total expenses $23K
0%
Growth & trend
Revenue growth (YoY)
This year $38K · Prior year $30K
+27%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $38K · Expenses $23K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $958K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
87%
People & payroll
Highest Reported Total Compensation
Individual Jack Brunner · Reported title Director · Highest reported compensation $0 · Total expenses $23K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $23K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 43%
Fundraising cost ratio 0%
Revenue growth 27%
Investment management fee ratio 0%
Accounting fee ratio 30%

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.

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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)$53K revenue · ⤓ 990 PDF
FY2023$74K revenue · ⤓ 990 PDF
FY2022$10K revenue · ⤓ 990 PDF
FY2021$38K revenue · viewing · ⤓ 990 PDF
FY2020$30K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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