Aj & Md Ruggiero Memorial Trust
Only null% goes to programs Strong reserves
Aj & Md Ruggiero Memorial Trust is a 501(c)(3) organization based in Chicago, Illinois, registered in 1996, with $505,486 in FY2024 revenue. CharityIndex grades it C+.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 86-6240840 Since 1996
Revenue (FY2024)
$505K
▼ 46.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$504K
Net assets
$7.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Aj & Md Ruggiero Memorial Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating170 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aj & Md Ruggiero Memorial Trust: 170 mo reserves · +0% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Aj & Md Ruggiero Memorial Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aj & Md Ruggiero Memorial Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 10 S Dearborn Il1-0111, Chicago, IL, 60603
- City
- Chicago
- State
- Illinois
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $358K (FY2017) to $505K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $7.1M
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.1M
Total liabilities
$0
Net assets
$7.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $505,486▼46.4% | $503,565▼0.7% | $7,143,050▼0.1% | $7,143,050▼0.1% | 990PF |
| 2023 | $943,679▲113% | $507,132▼5.9% | $7,152,735▲6.5% | $7,152,735▲6.5% | 990PF |
| 2022 | $443,344▼19.4% | $538,813▲11.9% | $6,715,104▼1.4% | $6,715,104▼1.4% | 990PF |
| 2021 | $550,185▲39.8% | $481,532▼0.2% | $6,812,214▲1.0% | $6,812,214▲1.0% | 990PF |
| 2020 | $393,512▲25.7% | $482,615▲0.5% | $6,743,113▼1.3% | $6,743,113▼1.3% | 990PF |
| 2019 | $313,105▼50.0% | $479,985▲6.5% | $6,832,329▼2.4% | $6,832,329▼2.4% | 990PF |
| 2018 | $625,930▲74.9% | $450,828▲4.0% | $6,999,837▲1.5% | $6,999,837▲1.5% | 990PF |
| 2017 | $357,845 | $433,629▼5.7% | $6,894,836▼13.6% | $6,894,836▼13.6% | 990PF |
| 2011 | — | $460,037▲3.3% | $7,976,988▲1.1% | $7,976,988▲1.1% | 990PF |
| 2010 | — | $445,361 | $7,886,826 | $7,886,826 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Aj & Md Ruggiero Memorial Trust a legitimate nonprofit?
- Yes. Aj & Md Ruggiero Memorial Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 86-6240840, based in Chicago, Illinois. Donations are tax-deductible.
- What is Aj & Md Ruggiero Memorial Trust's EIN?
- Aj & Md Ruggiero Memorial Trust's Employer Identification Number (EIN) is 86-6240840.
- How much revenue does Aj & Md Ruggiero Memorial Trust report?
- Aj & Md Ruggiero Memorial Trust reported $505,486 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Aj & Md Ruggiero Memorial Trust have?
- CharityIndex grades Aj & Md Ruggiero Memorial Trust C+, based on financial health (reserves and operating margin).
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Data for Aj & Md Ruggiero Memorial Trust (EIN 86-6240840) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.