Ruth Veasey Educational Foundation Inc
Ruth Veasey Educational Foundation Inc is a private foundation based in Dermott, Arkansas. Established in 1963, the organization operates as a 501(c)(3) tax-exempt entity and is classified as a private foundation under IRS regulations.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.3M
+38.0% YoY
Annual Giving
$96K
-42.8% YoY
Grant Count
17
-50.0% YoY
Avg Grant Size
$6K
+14.4% YoY
Mission & Focus Areas
The foundation's primary charitable activities center on providing scholarship loans to qualifying individuals. The organization does not maintain a publicly stated mission statement.
Grantmaking
The foundation distributes funds through scholarship loans rather than traditional grants. Based on recent tax filings, the foundation made distributions totaling approximately $226,000, with individual awards typically ranging up to $5,000. The foundation made 34 distributions in the most recent reporting period.
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Geographic Focus
Where this funder awards grants
The foundation operates from Dermott, Arkansas, though specific geographic limitations on funding are not documented in available sources.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending May 2025:
- Total Assets: $2,280,377
- Annual Revenue: $801,479
- Annual Expenses: $210,264
- Net Income: $591,215
- Total Liabilities: $2,350
The foundation's revenue is primarily derived from contributions, which represent 86.1% of total revenue.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,282,725 | $1,654,525 | $1,121,106 |
| Revenue | $801,479 | $675,362 | $178,021 |
| Expenses | $210,264 | $234,413 | $316,581 |
| Qualifying Distributions | $199,876 | $226,387 | $314,993 |
| Net Investment Income | $747,331 | $577,444 | $114,237 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by the following board members:
- Mike Smith, President
- Melanie Proffitt, Director
- Bill Burchfield, Director
- Jill Jackson, Director
All board members serve without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Melanie Proffitt | Director | — | — |
| Bill Burchfield | Director | — | — |
| Jill Jackson | Director | — | — |
| Mike Smith | President | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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