Nonprofit · EIN 20-2013753
RUTH CAROL FUND INC
Tax-exempt · BALTIMORE, MD 21203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,862,160 | $1,859,183 | $1,002,977 | $24,382,764 | $0 | $24,382,764 |
| December 31, 2023 | 990-PF | $1,474,018 | $2,308,250 | -$834,232 | $23,379,787 | $0 | $23,379,787 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $654,994
- Net gain from sales of assets
- $2,207,166
Expenses
- Grants and similar amounts paid
- $1,581,275
- Compensation of officers, directors and key employees
- $72,500
- Disbursements for charitable purposes
- $1,645,121
- Excise tax on investment income
- $29,307
Balance sheet and other
- Total assets, start of year
- $23,379,787
- Total assets, end of year
- $24,382,764
- Total liabilities, end of year
- $0
- Net assets, end of year
- $24,382,764
- Fair market value of assets
- $31,228,799
- Qualifying distributions
- $1,645,121
- Net investment income
- $2,326,140
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD R MERING PO BOX 1795, BALTIMORE, MD 212031795 | PRESIDENT, DIRECTOR | 10 | $40,000 |
| BETTY C BANNAT PO BOX 1795, BALTIMORE, MD 212031795 | VICE PRESIDENT, DIRECTOR | 0.5 | $20,000 |
| SANFORD S DONALD C/O PO BOX 1795, BALTIMORE, MD 212031795 | VICE PRESIDENT, DIRECTOR | 0.5 | $12,500 |
| CAROLANNE HARRIS PO BOX 1795, BALTIMORE, MD 212031795 | SECRETARY | 1 | $0 |
| JOHN P EDGAR PO BOX 1795, BALTIMORE, MD 212031795 | TREASURER, DIRECTOR | 0.5 | $0 |
| S SCOTT TATE PO BOX 1795, BALTIMORE, MD 212031795 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD R MERING PO BOX 1795, BALTIMORE, MD 212031795 | PRESIDENT, DIRECTOR | 10 | $0 |
| SANFORD S DONALD C/O PO BOX 1795, BALTIMORE, MD 212031795 | VICE PRESIDENT, DIRECTOR | 0.5 | $0 |
| CAROLANNE HARRIS PO BOX 1795, BALTIMORE, MD 212031795 | SECRETARY | 1 | $0 |
| BETTY C BANNAT PO BOX 1795, BALTIMORE, MD 212031795 | VICE PRESIDENT, DIRECTOR | 0.5 | $0 |
| JOHN P EDGAR PO BOX 1795, BALTIMORE, MD 212031795 | TREASURER, DIRECTOR | 0.5 | $0 |
| S SCOTT TATE PO BOX 1795, BALTIMORE, MD 212031795 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1795, BALTIMORE, MD 21203-1795
- In care of
- % DONALD R MERING
- Signed the 990-PF
- DONALD R MERING, PRESIDENT
- Phone
- (410) 347-7688
- Return prepared by
- BAKER DONELSON ET AL
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-2013753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $24,382,764
- Income (IRS master file)
- $16,171,352
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,862,160 | $1,859,183 | $24,382,764 | IRS |
| 990-PF | December 2023 | $1,474,018 | $2,308,250 | $23,379,787 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2013753).
Questions about RUTH CAROL FUND INC
- What is the EIN of RUTH CAROL FUND INC?
- The employer identification number (EIN) of RUTH CAROL FUND INC is 20-2013753.
- Is RUTH CAROL FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to RUTH CAROL FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RUTH CAROL FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RUTH CAROL FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RUTH CAROL FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RUTH CAROL FUND INC?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $40,000 (DONALD R MERING, PRESIDENT, DIRECTOR).
- How much revenue does RUTH CAROL FUND INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,862,160, expenses of $1,859,183 and total assets of $24,382,764 at year end.
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