Rts Foundation INC EIN 64-0918136 Form 990 (PDF) Claim this org

Rts Foundation INC FY2021 filing

Not yet claimed Claim this org →

Helps friends understand how to support Reformed Theological Seminary's ministry through giving. For fiscal year 2021 it reported $73K in revenue, $88K in expenses, and $642K in net assets.Pt I

Type
Supporting organization · Religion
Location
Jackson, MS
Website
www.rts.edu
Filings
6 on file (2020–2021)
Revenue
$73KFY2021
Expenses
$88K
Net assets
$642K
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  64-0918136 Supporting organization Jackson, MS
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Rts Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Helps friends understand how to support Reformed Theological Seminary's ministry through giving.
Leadership
J Ligon Duncan III · Vice President
Money in and out
$73K revenue, $88K expenses
Bottom line
-21% net inflow
Money in and out · FY2021
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$642K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$15K
Where spending went · Part IX cols B–D
Program services $0.91 Fundraising $0.09
Net inflow
-21%
revenue over expenses, this year
Pass-through gifts
14%
of revenue from contributions
Program spending
91%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$73K
FY2021▲ +118%
Expenses
$88K
FY2021▼ -11%
Total assets
$642K
FY2021+0.4%
Total liabilities
$0
FY2021▼ -100%
Total revenue
$73K
Pt VIII · Ln 12
Total expenses
$88K
Pt IX · Ln 25
Net assets
$642K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$642K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRts Foundation INC
EINHdr · item D64-0918136
Principal addressHdr · item CJackson, MS
WebsiteHdr · item Jwww.rts.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X112)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rts Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $80K of program spending, described in the organization's own filed words · FY2020.
01

The foundation's purposes are exclusively for religious, charitable scientific, literary AND/OR educational purposes within the meaning of the irc section 501(c)(3). The foundation provided grants to reformed theological seminary and other eligible 501(c)(3) exempt organizations approved by the foundation's board of trustees.

$80Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Investment income$55K · 75%
Contributions & grants$10K · 14%
Program service revenue$8K · 11%
Investment income75%$55K
Contributions & grants14%$10K
Program service revenue11%$8K
Total revenueLn 12$73K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Fundraising $0.09
Program services91%$80K
Fundraising9%$8K
Total functional expensesLn 25$88K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$642K
Total liabilitiesLn 26$0
Total net assetsLn 32$642K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $642K · Operating expenses (Pt IX) $88K · Less non-cash grants $10K · Cash operating expenses/yr $78K
99.1 months
Where the money goes
Program services
Program services $80K · Total expenses $88K
91%
Management & General
Management & general $0 · Total expenses $88K
0%
Fundraising
Fundraising $8K · Total expenses $88K
9%
Cost to raise $1
Fundraising expense (2-yr avg) $8K · Solicited contributions (2-yr avg) $10K
$0.81 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $73K
14%
Government reliance
Government grants — · Total revenue $73K
Earned-income share
Program service revenue $8K · Total revenue $73K
11%
Investment reliance
Investment income $55K · Total revenue $73K
+75%
Program self-sufficiency
Program service revenue $8K · Total expenses $88K
9%
Growth & trend
Revenue growth (YoY)
This year $73K · Prior year $34K
+118%
Net-asset trend (YoY)
End of year $642K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $73K · Expenses $88K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $642K
Net-asset ratio
Net assets $642K · Total assets $642K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $641K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $642K
100%
People & payroll
Highest Reported Total Compensation
Individual J Ligon Duncan III · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $88K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $88K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 0%
Fundraising cost ratio 78%
Revenue growth 118%
Investment management fee ratio 0%
Legal fee ratio 7%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · 6 grants · $589K · 2019–2023

Similar Organizations

Closest in mission — by what they do
See all organizations like Rts Foundation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$38K revenue · ⤓ 990 PDF
FY2024$20K revenue · ⤓ 990 PDF
FY2023$80K revenue · ⤓ 990 PDF
FY2022$14K revenue · ⤓ 990 PDF
FY2021$73K revenue · viewing · ⤓ 990 PDF
FY2020$34K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.