Rush Enterprises Foundation EIN 81-4738117 Form 990 (PDF) Claim this org

Rush Enterprises Foundation FY2022 filing

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Offers financial aid to employees facing financial hardship. For fiscal year 2022 it reported $187K in revenue, $131K in expenses, and $201K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
New Braunfels, TX
Filings
6 on file (2020–2022)
Revenue
$187KFY2022
Expenses
$131K
Net assets
$201K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  81-4738117 Public foundation / grantmaker New Braunfels, TX
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers financial aid to employees facing financial hardship.
Leadership
Robert L McLemore · Director
Money in and out
$187K revenue, $131K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2022
Total revenue
$187K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$201K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $57K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
18.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+30%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$187K
FY2022▲ +39%
Expenses
$131K
FY2022▲ +47%
Total assets
$201K
FY2022▲ +40%
Total liabilities
$0
FY2022
Total revenue
$187K
Pt VIII · Ln 12
Total expenses
$131K
Pt IX · Ln 25
Net assets
$201K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$57K
Total assetsPt X · Ln 16$201K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $131K of program spending, described in the organization's own filed words · FY2022.
01

The organization provides support to employees of rush enterprises, inc. Who demonstrate financial need because of an unforeseen hardship including, without limitation, property damage to the employee's primary residence from fire or natural disaster, death of an immediate family member, excessive medical expenses or loss of income due…

$124Kprogram expense
02

The organization provides supports to other 501c3 organizations who demonstrate financial need and have missions that are similar to those of this organization.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRush Enterprises Foundation
EINHdr · item D81-4738117
Principal addressHdr · item CNew Braunfels, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$187K
Total revenueLn 12$187K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$131K
Total functional expensesLn 25$131K

Balance Sheet

Part X · end of year
CashLn 1$201K
Total assetsLn 16$201K
Total liabilitiesLn 26$0
Total net assetsLn 32$201K
Months of cash on handcomputed18.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $201K · Operating expenses/yr $131K
18.5 months
Where the money goes
Program services
Program services $131K · Total expenses $131K
100%
Management & General
Management & general $0 · Total expenses $131K
0%
Fundraising
Fundraising $0 · Total expenses $131K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $143K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $187K · Total revenue $187K
100%
Government reliance
Government grants — · Total revenue $187K
Earned-income share
Program service revenue $0 · Total revenue $187K
0%
Investment reliance
Investment income $0 · Total revenue $187K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $131K
0%
Growth & trend
Revenue growth (YoY)
This year $187K · Prior year $135K
+39%
Net-asset trend (YoY)
End of year $201K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $187K · Expenses $131K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $201K
Net-asset ratio
Net assets $201K · Total assets $201K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $201K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert L McLemore · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $131K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $131K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 39%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$3K
Grants paid · 10 grants · $1.4M · 2020–2025
Unitemized GrantFY2025$175,150
Wounded Warrior Project INCFL · FY2024$500,000
Unitemized GrantFY2024$229,195
Unitemized GrantFY2023$166,493
Unitemized GrantFY2022$124,017
San Antonio Food Bank INCTX · FY2022$5,000
Unitemized GrantFY2021$81,250
Unitemized GrantFY2020$80,098
San Antonio Food Bank INCTX · FY2020$5,000

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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
FY2025 (Latest)$180K revenue · ⤓ 990 PDF
FY2024$749K revenue · ⤓ 990 PDF
FY2023$296K revenue · ⤓ 990 PDF
FY2022$187K revenue · viewing · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF
FY2020$106K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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