2024-04-19T11:20:19-05:00 2023-12-31 260476995 TIGHE KRESS & ORR PC 2205 POINT BLVD SUITE 100 ELGIN IL 60123 990 2023-01-01 851051671 THE RUTH PROJECT MINISTRIES RUTH 8472204719 19 DOUGLAS AVENUE ELGIN IL 60120 TAMARA MCMAHAN EXECUTIVE DIRECTOR 9377230333 2024-04-19 1 TAMARA MCMAHAN 999009999 1 TIMOTHY A KING CPA MAS P01338371 8476952700 2024-04-09 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z TAMARA MCMAHAN 19 DOUGLAS AVENUE ELGIN IL 60120 675347 0 X RUTHPROJECT.COM X 2020 OH PROVIDE FOSTER AND ADOPTIVE FAMILIES WITH THE RESOURCES, ON-GOING SUPPORT, AND KNOWLEDGE THEY NEED TO GIVE LONG-TERM LOVE AND CARE TO CHILDREN IN NEED. 8 4 4 1311 0 0 636486 648448 0 0 0 0 0 17249 636486 665697 0 0 0 0 39156 254559 0 0 70782 461016 516632 500172 771191 136314 -105494 330918 118019 41840 37813 289078 80206 PROVIDE FOSTER AND ADOPTIVE FAMILIES WITH THE RESOURCES, ON-GOING SUPPORT, AND KNOWLEDGE THEY NEED TO GIVE LONG-TERM LOVE AND CARE TO CHILDREN IN NEED. 0 0 323592 STOREHOUSE OPERATIONS/INVENTORY DISTRIBUTED TO FAMILIES: FOSTER FAMILIES ARE GIFTED CLOTHES, TOYS, EQUIPMENT, MEALS, AND SUPPLIES IN ABUNDANCE. AS CHILDREN GROW AND SEASONS CHANGE, THEY CAN COME BACK TO SHOP FOR ANY NEW NEEDS. FAMILIES RECEIVE IMMEDIATE AND CONTINUOUS PRACTICAL RELIEF THROUGH THE RUTH PROJECT STOREHOUSE. 288167 SUPPORT EVENTS/ADVOCACY AND TRAINING: OUR INTENTIONAL EVENTS PROVIDE PERSONAL MENTORING, TRAINING, AND A PLACE OF REFUGE FOR OUR FOSTER FAMILIES. IN ADDITION, OUR COMMUNITY PARTNERSHIPS PROVIDE EXPERTS FROM LAWYERS TO HAIRSTYLISTS TO MEET UNIQUE NEEDS THAT OTHERWISE MAY BE OVERLOOKED. 611759 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X TAMMY MCMAHAN 8478514738 19 DOUGLAS AVENUE ELGIN IL 60120 TAMMY MCMAHAN CHAIR & EXECUTIVE DIRECTOR 50.00 X X 165000 0 0 ASHLEY MCMAHAN SECRETARY 40.00 X X 43615 0 0 DEBBIE SOMMERS TREASURER 0.25 X X 0 0 0 LYNNE TELLSCHOW BOARD MEMBER 10.00 X 14067 0 0 MAUREEN FOX BOARD MEMBER 15.00 X 9792 0 0 KRISTINE WEST BOARD MEMBER 0.25 X 0 0 0 JOANNA ROZIER BOARD MEMBER 0.25 X 0 0 0 KELLIE HENNINGER BOARD MEMBER 0.25 X 0 0 0 232474 0 0 1 0 1 0 0 648448 206401 648448 4532 9650 -5118 -5118 REFUND INCOME 900099 21000 21000 SALES OF GIFTS IN KIND 459900 1367 1367 22367 665697 22367 0 -5118 208615 127357 34023 47235 36404 36404 9540 6380 1355 1805 24469 24469 61188 47184 3134 10870 1247 1247 62107 62107 11976 4896 7080 94994 92241 2753 126 126 644 644 4941 4941 1731 1731 COST OF INVENTORY DISTR 139394 139394 IN-KIND SERVICES EXPENS 56302 56302 SUPPORT EVENTS 24692 24692 DEVELOPMENT 18219 8594 9625 14602 9861 4741 771191 611759 88650 70782 162986 50066 18525 32321 12293 14894 20028 153038 29400 330918 118019 8413 41840 29400 41840 37813 X 289078 80206 289078 80206 330918 118019 -105494 -103378 0 X 0 1 X 0 0 X 44627 197062 636486 648448 1526623 44627 197062 636486 648448 1526623 12157 52518 64675 0 12157 52518 64675 1461948 22367 22367 44627 197062 636486 670815 1548990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32321 12293 20028 20028 OPERATING LEASE RIGHT-OF-USE ASSET 29400 29400 OPERATING LEASE LIABILITY 29400 29400 X 675347 9650 9650 665697 0 665697 780841 9650 9650 771191 0 771191 PART X, LINE 2: THE ORGANIZATION ADOPTED THE IMPLEMENTATION OF FASB ASC 740 ( FORMERLY FIN 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). UNDER FASB ASC 740, MANAGEMENT MUST EVALUATE THE POSITIONS IT HAS TAKEN ON TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO TAX POSITIONS THAT WOULD RESULT IN A MORE LIKELY THAN NOT (50% CHANCE) OF NOT BEING SUSTAINED UNDER A POTENTIAL AUDIT OR EXAMINATION. CURRENTLY, THE PAST THREE TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND ILLINOIS DEPARTMENT OF REVENUE PER STATUTE: HOWEVER THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FOUNDATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE X 0 0 0 0 0 0 0 1 0 TAMMY MCMAHAN CHAIR & EXECUTIVE DIRECTOR 55000 0 0 0 110000 0 0 0 0 0 165000 0 0 0 PART I, LINE 3 BOARD APPROVAL IS REQUIRED BEFORE DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR PART I, LINE 7 THE EXECUTIVE DIRECTOR'S ANNUAL SALARY IS $55,000. NO SALARY WAS PREVIOUSLY PAID IN 2021 AND 2022. THE BOARD APPROVED PAYMENT OF DEFERRED COMPENSATION OF THE PRIOR TWO YEARS IN 2023, RESULTING IN $110,000 OF DEFERRED COMPENSATION PAYMENT. TAMARA MCMAHAN EXECUTIVE DIRECTOR 48526 RENTAL PAYMENTS FOR FARM BY BOARD APPROVAL 0 X 18568 FAIR MARKET VALUE X GIFTS 10811 99431 FAIR MARKET VALUE X FARM SUPPLIES 1111 21630 FAIR MARKET VALUE X EQUIPMENT 290 10470 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TAMARA MCMAHAN IS ASHLEY MCMAHAN'S MOTHER. TAMARA IS THE FOUNDER AND EXECUTIVE DIRECTOR. ASHLEY IS THE STOREHOUSE MANAGER. FORM 990, PART VI, SECTION B, LINE 11B THE STAFF REVIEWS THE 990 FIRST. THEN THE EXECUTIVE DIRECTOR REVIEWS. LASTLY, IT IS SENT TO THE BOARD FOR A FINAL REVIEW OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO DISCLOSE ANY CONFLICTS ON INTEREST DURING THEIR ANNUAL MEETING. THE BOARD HAS THE CODE OF REGULATIONS AND IS HELD TO THE EXPECTATION OF COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 RESEARCH IS CONDUCTED USING INDEED AND GOOGLE REPORTS FOR SALARIES IN ILLINOIS AND THE UNITED STATES. BOARD APPROVAL IS REQUIRED FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST