Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Ross Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 335
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Arkadelphia, AR71923
A Employer identification number

71-6060574
B Telephone number (see instructions)

(870) 246-9881
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$114,473,884J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 62,570 62,570  
4 Dividends and interest from securities...      
5a Gross rents............ 271,029 271,029  
b Net rental income or (loss) 243,749
6a Net gain or (loss) from sale of assets not on line 10 2,606,073
b Gross sales price for all assets on line 6a 3,277,007
7 Capital gain net income (from Part IV, line 2)... 2,606,073
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
90,427 90,427  
12 Total. Add lines 1 through 11........ 3,030,099 3,030,099  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 386,792 1,143   387,934
14 Other employee salaries and wages...... 375,313 0   375,313
15 Pension plans, employee benefits....... 160,516 0   160,516
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
11,000 10,000   1,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,387 0   24,387
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
17,900 0   17,900
17 Interest............... 22,555 0   22,686
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
143,330 4,184   92,243
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
44,389 0  
20 Occupancy.............. 10,514 0   10,514
21 Travel, conferences, and meetings....... 6,648 0   6,648
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
291,457 10,029   293,116
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,494,801 25,356   1,392,257
25 Contributions, gifts, grants paid....... 734,229 712,430
26 Total expenses and disbursements. Add lines 24 and 25 2,229,030 25,356   2,104,687
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 801,069
b Net investment income (if negative, enter -0-) 3,004,743
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,518,216 2,820,342 2,820,342
3 Accounts receivable right arrow62,813
Less: allowance for doubtful accounts right arrow   11,013 62,813 62,813
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 31,579 43,697 43,697
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   43,870    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow1,283,671
Less: accumulated depreciation (attach schedule) right arrow778,434 503,264 Click to see attachment
List of Attached Documents:
// Content
505,237 		505,237
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
112,725,640 		Click to see attachment
List of Attached Documents:
// Content
111,041,795 		Click to see attachment
List of Attached Documents:
// Content
111,041,795
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 114,833,582 114,473,884 114,473,884
Liabilities 17 Accounts payable and accrued expenses.......... 108,315 110,541
18 Grants payable................. 55,600 77,400
19 Deferred revenue................. 75,956 183,391
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 740,224 Click to see attachment
List of Attached Documents:
// Content
626,775
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 980,095 998,107
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 113,853,487 113,475,777
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 113,853,487 113,475,777
30 Total liabilities and net assets/fund balances (see instructions). 114,833,582 114,473,884
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
113,853,487
2
Enter amount from Part I, line 27a .....................
2
801,069
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
114,654,556
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,178,779
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
113,475,777
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Sale of timber P    
b Sale of land- 8.63 acres D 1993-06-29 2023-10-24
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,128,199   669,022 2,459,177
b 148,808   1,912 146,896
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,459,177
b       146,896
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,606,073
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 41,766
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 41,766
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 41,766
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 35,028
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 19,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 54,028
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 12,262
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow12,262 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAR
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.rossfoundation.us
14
The books are in care ofright arrowAmanda Fenocchi Telephone no.right arrow (870) 246-9881

Located atright arrowPO Box 335ArkadelphiaAR ZIP+4right arrow71923
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Ross Whipple Chairman/Trustee
12.00 		76,232 259 0
PO Box 335
Arkadelphia,AR71923
Mary Whipple Secretary/Trustee
2.00 		18,000 0 0
PO Box 339
Arkadelphia,AR71927
Mark Karnes Director of Operations/Trustee
40.00 		139,577 21,976 10,200
PO Box 341
Arkadelphia,AR71923
Mary Elizabeth Eldridge Director of Programs/Trustee
14.00 		62,983 14,992 0
PO Box 340
Arkadelphia,AR71928
Peggy Clark Trustee
2.00 		18,000 0 0
PO Box 342
Arkadelphia,AR71923
Margaret Doose Trustee
2.00 		18,000 0 0
PO Box 336
Arkadelphia,AR71924
Emily Nadeau Trustee
2.00 		18,000 0 0
PO Box 337
Arkadelphia,AR71925
Clark Tennyson Trustee
2.00 		18,000 0 0
PO Box 343
Arkadelphia,AR71923
Mary Kathryn Katie Tennyson Trustee
2.00 		18,000 0 0
PO Box 338
Arkadelphia,AR71926
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
David Hunt Senior Forester
40.00 		103,497 14,915 7,800
PO Box 335
Arkadelphia,AR71923
Eric Rhodes Forester
40.00 		80,497 14,228 7,800
PO Box 335
Arkadelphia,AR71923
Amanda Fenocchi Office Manager/Asst.
40.00 		63,624 17,146 0
PO Box 335
Arkadelphia,AR71923
Danny Bledsoe Equipment Specialist
40.00 		52,924 17,491 2,220
PO Box 335
Arkadelphia,AR71923
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 The Foundation continued its conservation forestry management program in 2023, by incorporating diverse management techniques which included natural stand management, plantation stand management, hardwood management systems, and unique plant and habitat area management. Conservation forestry objectives concentrate on the incorporation of these various management components to maintain diverse stands exhibiting both plant and habitat diversity throughout all lands owned and managed by The Ross Foundation as charitable assets. In 2023, the Foundation incurred $505,343 in expenses related to salaries and benefits for professional staff directly related to the continuation of its conservation forestry program. Additionally, expenses totaling $239,316 were incurred for outside contractor services and supplies and operating expenses to accomplish prescribed management treatments for wildlife habitat improvement, stand reforestation and management. 744,659
2 The Foundation's land is available to the public for recreational opportunities. During 2023, recreational users enjoyed various pursuits including hunting, fishing, day hiking, camping, picnicking, mountain bike riding, swimming, backpacking, bird watching, nature study, photography, and walking for aerobic activity. During 2023, the Foundation spent $5,915 on materials and $44,537 in salary and benefits for allocated staff time related to public recreation administration and management activities on The Ross Foundation's property. 50,452
3 The Foundation's lands are available for educational and research activities. In 2023, the Foundation provided logistical support as well as monitoring sites for research conducted by Ouachita Baptist University to investigate habitat selection by breeding birds in relation to habitat complexity. This multi-year project provides information for bird conservation, while providing undergraduate students with research experience. The Foundation's staff also hosted field tours, designed to demonstrate management strategies and wildlife conservation treatments, for groups ranging from private landowners to public school agricultural instructors and college environmental studies students. The Foundation continued an operational oak regeneration study, a cooperative demonstration project with the University of Arkansas Cooperative Extension Service. The Foundation contributed $13,125 in staff time supporting these environmental education and research activities. 13,125
4 In 2023, the Foundation donated one load of pine logs to be auctioned at the annual South-Central Arkansas Log-A-Load For Kids event, which is held as a fundraising effort for the benefit of Arkansas Children's Hospital. The fair market value of the load of logs was $1,496. 1,496
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
2,161,364
c
Fair market value of all other assets (see instructions)................
1c
1,625,412
d
Total (add lines 1a, b, and c).........................
1d
3,786,776
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
3,786,776
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
56,802
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,729,974
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
186,499
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
186,499
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
41,766
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
41,766
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
144,733
4
Recoveries of amounts treated as qualifying distributions................
4
3,104
5
Add lines 3 and 4............................
5
147,837
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
147,837
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,104,687
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
38,055
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,142,742
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 147,837
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,877,266
b From 2019...... 3,164,835
c From 2020...... 1,909,725
d From 2021...... 1,949,803
e From 2022...... 1,968,193
f Total of lines 3a through e ........ 10,869,822
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,142,742
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 147,837
e Remaining amount distributed out of corpus 1,994,905
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 12,864,727
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		1,877,266
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		10,987,461
10 Analysis of line 9:
a Excess from 2019.... 3,164,835
b Excess from 2020.... 1,909,725
c Excess from 2021.... 1,949,803
d Excess from 2022.... 1,968,193
e Excess from 2023.... 1,994,905
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Mary Elizabeth Eldridge The Ross Fo
PO Box 335
Arkadelphia,AR71923
(870) 246-9881
meeldridge@rossfoundation.us
bThe form in which applications should be submitted and information and materials they should include:
The application process consists of two steps. The first step is the preparation of a pre-proposal form, which can be found online at http://rossfoundation.us/pdfs/PreProposal_Info.pdf
cAny submission deadlines:
Submission deadlines are posted online at http://rossfoundation.us/application_procedure.html
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The major focus of the Foundation's philanthropic program has historically been restricted to projects that are located in the Clark County, Arkansas area. Applicant organizations must demonstrate tax-exempt status under Section 501(c)(3) or public charity status under Sections 509(a)(1) or (2) of the Internal Revenue Code. Funding is not provided for political lobbying, political advocacy or legislative activities, or grants to individuals. Funding is generally not provided for operating expenses of established agencies, grants to foreign organizations, grants for foreign expenditure or debt reduction drives.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AR Single Parent Scholarship Fund Program

614 E Emma Ave Ste 119
Springdale,AR72764 		N/A PC Ross Scholars 8,000

Arkadelphia Community Foundation

201 North 26th Street
Arkadelphia,AR71923 		N/A PC Soldiers of Service - Relay for Life Event 1,000

Arkadelphia Promise Foundation

235 North 11 Street
Arkadelphia,AR71923 		N/A PC Scholarship Fund 2024 351,684

Arkadelphia Public Schools

235 North 11th Street
Arkadelphia,AR71923 		N/A GOV CONE Foundation, FBLA Students attend National Conference, Educators Rising - National Conference 16,000

Arkansas Environmental Education Association

PO Box 149
Greenland,AR72737 		N/A PC Statewide Environmental & Outdoor Education, Conference 500

Arkansas Foodbank Network

4301 West 65th Street
Little Rock,AR72209 		N/A PC Food Credits for Pantries in Clark County 12,000

Arkansas Forestry Assoc Education Foundation

1213 W 4th St
Little Rock,AR72201 		N/A PC Unrestricted Grant 41,735

Arkansas Game & Fish Foundation

2 Natural Resources Drive
Little Rock,AR72205 		N/A PC Conservation Work (Big Timber WMA and (JMWMA Funds), Support work in the West Gulf Coastal Plain. 136,826

Arkansas Hunters Feeding the Hungry

PO Box 55303
Little Rock,AR77215 		N/A PC Snack Stick Program for Area Schools 2,500

City of Amity

121 East Thompson Street
Amity,AR71921 		N/A GOV Equipment Upgrade for Fire Department 3,000

City of Arkadelphia

700 Clay Street
Arkadelphia,AR71923 		N/A GOV Arkadelphia Festival of the Arts 3,000

Clark County 4-H Foundation

640 South 6th Street Suite B
Arkadelphia,AR71923 		N/A PC Support for the Clark County 4-H Program 350

Clark County Arts & Humanities Council

625 Main Street
Arkadelphia,AR71923 		N/A PC Unrestricted Grant 500

Dawson Education Cooperative

711 Clinton Street
Arkadelphia,AR71923 		N/A PC Mini Grant Program - 2022-2023, Mini Grant Program - 2023-2024 30,000

Give Me A Chance Equine Rescue

97 Lane Road
Arkadelphia,AR71923 		N/A PC Supplies 2,000

Group Living Inc

708 Main Street
Arkadelphia,AR71923 		N/A PC General support 1,000

Hospital - Baptist Health Foundation

9601 Baptist Health Drive
Little Rock,AR72205 		N/A PC General support 11,500

Hot Springs Documentary Film Institute

659 Ouachita Avenue
Hot Springs,AR71901 		N/A PC HSDFF Educational Outreach Programs 3,000

Keeping DeGray Lake Beautiful Inc

134 Iron Mountain Drive
Arkdelphia,AR71923 		N/A PC 2023 Shoreline Cleanup 150

Lions of Arkansas Foundation

512 Sample Road
Hazen,AR72064 		N/A PC General support 1,000

Organization for Youth Education in Agriculture

PO Box 71
Prescott,AR71857 		N/A PC Help Purchase an 8-Pen Trailer 1,500

Ouachita Baptist University

410 Ouachita Street Box 3753
Arkadelphia,AR71998 		N/A PC Purchase Trees to Beautify Campus, Approved $57,200 payable over 2 years 28,600

Percy & Donna Malone Child Safety Center

PO Box 292
Arkadelphia,AR71923 		N/A PC General support 8,500

St Paul AME Church

1501 Caddo Street
Arkadelphia,AR71923 		N/A PC Unrestricted Grant 350

The Nature Conservancy

601 N University Ave
Little Rock,AR72205 		N/A PC Unrestricted Grant 41,735

Vera Lloyd Presbyterian Family Services

1501 North University Ave Suite 345
Little Rock,AR72207 		N/A PC Transitioning From Foster Care to Success 6,000
Total .................................right arrow 3a 712,430
bApproved for future payment

Arkansas School for Math Science & the Arts
200 Whittington Ave
Hot Springs,AR71901 		N/A PC ASMSA - Talent Identification Program (TIP) 5,000

CASA of Clark and Pike Counties
PO Box 987
Arkadelphia,AR71923 		N/A PC Strengethening Families 4,200

Ouachita Baptist University
410 Ouachita Street Box 3753
Arkadelphia,AR71998 		N/A PC Trees funded over 2 years, Evaluate Bird Species on BTWMA 38,600

The CALL of Clark County
PO Box 1071
Arkadelphia,AR71923 		N/A PC Project - Bring The CALL Home (Office) 5,000
Total ................................. right arrow 3b 52,800
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 62,570  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 243,749  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 146,896 2,459,177
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aHunting license fees 		    16 83,441  
bRoyalties     15 6,986  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 543,642 2,459,177
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,002,819
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
8 Revenue received from the sale of timber harvested in connection with the Foundation's forestry conservation and management programs.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax compliance 4,500 0   4,500
Audit services 19,887 0   19,887

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Buildings 2019-12-31 918,713 476,101 SL 39.000000000000 33,522 0    
Equipment 2016-03-07 273,839 242,144 SL 5.000000000000 10,867 0    
Land 1994-01-01 75,319   L   0 0    
Automobiles 2017-03-17 15,800 15,800 SL 5.000000000000 0 0    

TY 2023 GeneralExplanationAttachment
Name:
The Ross Foundation
EIN:
71-6060574
Identifier Return Reference Explanation
Information for Grant Applicants Form 990-PF, Part XIV, Line 2a HistoryThe Ross Foundation began operation in early 1967. It was founded by Esther Ross and her daughter, Jane Ross. Its initial endowment came from the estate of Esther's father and Jane's grandfather, J.G. Clark. From the original core lands used to endow the Ross Foundation, the Foundation has grown to approximately 63,000 acres of land, primarily situated in Clark County and Hot Spring County, Arkansas. These lands are held for conservation and charitable purposes. Through the use of good forest management practices, revenue is produced and used to fund the Foundation's philanthropic program. Jane Ross, Robert C. Rhodes and H.W. "Bill" McMillan served as the Foundation's first trustees. The current trustees are: Ross M. Whipple, Chairman; Mary Elizabeth Eldridge; Mark Karnes; Clark Tennyson; Peggy Clark; Mary Whipple; Margaret Doose; Emily Nadeau; and Katie Tennyson.General PurposeThe Ross Foundation seeks proposals for innovative programs and projects from organizations which can demonstrate tax exempt status under Section 501 (c) (3) or public charity status under Sections 509 (a)(1) or (2) of the Internal Revenue Code. From the Ross Foundation's beginning, it has primarily concentrated its grants in the following areas: education, arts and cultural enrichment, community beautification and improvement, historical preservation, mental health and the developmentally disabled, and forestry research and conservation management. The major focus of the Foundation's philanthropic program has historically been restricted to projects that are located in the Clark County, Arkansas area. Funding is not provided for political lobbying, political advocacy or legislative activities, or grants to individuals. Funding is generally not provided for operating expenses of established agencies, grants to foreign organizations, grants for foreign expenditure, or debt reduction drives.Application ProcedureThank you for your interest in strengthening our community. If you believe that your project or organization meets our guidelines, we invite you to apply for a grant. The application process consists of two steps. The first step is the preparation of a pre-proposal, which may be made at any time during the year. The pre-proposal is reviewed to determine if the proposal is within the area of interest of the Ross Foundation. Pre-proposals consist of information provided on a one-page form that is attached to these guidelines. The pre-proposal form requests general information about the organization applying and a brief description of the proposed project. A preliminary budget and letter communicating the pre-proposal should be attached and signed by an official who has the authority to sign contracts for that organization. Pre-proposals are accepted at any time. Trustees will review the pre-proposals that have been received to date at each board meeting. The pre-poposal information can be found online at http://rossfoundation.us/pdfs/PreProposal_Info.pdfThose pre-proposals approved by the Trustees will be asked to submit a full proposal. The trustees of the Ross Foundation consider full proposals and approve grants three times a year.Full proposals received by February 1 will be reviewed by March 31, and funds for approved projects will be available by May 1 of the next year.Full proposals received by June 1 will be reviewed by July 31, and funds for approved projects will be available by September 1 of the next year.Full proposals received by September 1 will be reviewed by October 31, and funds for approved projects will be available by January 1 of the next year.You will be notified of the Board's decision on your full proposal within two weeks following the board meeting at which the proposal is considered. In addition to the submission of a grant application, we may also request additional information or a site visit during the application process. Full Proposal If you are asked to submit a full proposal to the Ross Foundation, please comply with the following guidelines. By submitting an application to the Ross Foundation it is understood that the party responsible for submission of a grant application has obtained the necessary approval to submit the application from the applying agency's board of directors. One application should be submitted, unbound, and include the following information: 1. Applicant Information shall include: - Brief description of the nature and history of the applying organization (This description should state the year that the organization was formed, explain the primary purpose of the organization and state its general area of operation.) - Brief description of the applying organization's current programs, activities and accomplishments - Financial Information. The Ross Foundation needs to understand the financial structure of the applying organization. As such, please provide pertinent financial information, such as an audited financial statement, reviewed statement, a compilation statement, or a tax return. We may request additional information at a later date. - List of current board members2. A copy of an IRS letter verifying the applying organization's Section 501 (c)(3) status or public charity status under Sections 509(a)(1) or (2) of the Internal Revenue Code, if applicable, and an affirmation letter signed by a responsible officer, director, trustee or chief executive of the organization that the IRS determination letter has not been revoked and that the present operation of the organization and its current sources of support are not inconsistent with the organization's continuing classification stated in the determination letter.3. Proposal Details shall include: - Statement of need / problem to be addressed (This statement should describe the specific need that has been identified.) - Narrative describing how the project will be conducted (It is understood that the size and nature of this narrative will vary depending on the characteristics of each project.) - Description of project goals and the programs /activities planned to accomplish these goals - Timeline for the project, if appropriate - List of other organizations, if any, cooperating in the implementation or funding of the project - List of names of key staff / volunteers responsible for project implementation - List of other individuals, corporations and foundations to whom you have submitted a grant application for this project, and any results (or projected results) from these other sources - Long term sources / strategies for funding of project at the end of the grant period, if appropriate - Expected impact, such as how the persons served will benefit, how your organization will benefit, and how the community as a whole will benefit4. A statement regarding how the organization will evaluate the success of this project and how and when it will be measured.5. Project Budget (depending on the nature of the project, the budget should contain all or part of the following items): - Salaries, wages, fringe benefits, consultants - Travel expenses, including per diem - Expendable materials and supplies - Equipment - Cost to conduct evaluation of project - Existing organization funds which can be contributed to this project - An itemized list of other costs that may be associated with this projectIf the project involves the use of funds from other sources, the source should be identified, and please indicate what percentage of the total funds needed to carry out the project is being requested of the Ross Foundation.A description of major equipment should be attached to the budget sheet.No changes in the use of approved grant funds or in the direction of the project or program may be made without the Ross Foundation's prior written approval.Monitoring Grants, Payment and Grant EvaluationThe purpose of monitoring is to help the grantee succeed, to help the foundation evaluate the success of the grant and to receive input from the grantee on the project and other projects which might evolve from it. Once grants are approved, the Ross Foundation staff may monitor grants by telephone, correspondence and/or site visits.Grants may be paid in full or in installments based upon the Acceptance Agreement set up by the Ross Foundation and grantee.Grantees will be asked to make a final report that complies with the Ross Foundation's reporting guidelines and may be asked to make interim reports if funding is disbursed in installments. Once a project is concluded, grantees are required to evaluate the project in light of its original goals, numbers of people served, outcomes and social impact. We expect grantees to be honest about failures as well as about success. Reporting requirements will be set forth in the Acceptance Agreement set up between the Ross Foundation and grantee. For additional information or questions, please contact:Mary Elizabeth Eldridge, Director of Programs P.O. Box 335, Arkadelphia, AR 71923; phone 870.246.9881; email meeldridge@rossfoundation.us or Amanda Fenocchi, Assistant Grants Officer; email Amanda@rossfoundation.us .

TY 2023 LandEtcSchedule2
Name:
The Ross Foundation
EIN:
71-6060574
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Buildings 918,713 509,623 409,090  
Land 75,319 0 75,319  
Machinery & Other Equipment 273,839 253,011 20,828  
Transportation Equipment 15,800 15,800 0  


TY 2023 LegalFeesSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General governance & counsel 1,000 0   1,000
Investment matters 10,000 10,000   0


TY 2023 MortgagesAndNotesPayableSch
Name:
The Ross Foundation
EIN:
71-6060574
Total Mortgage Amount:  

Item No. 1
Lender's Name The Citizens Bank
Lender's Title  
Relationship to Insider None
Original Amount of Loan 2,000,000
Balance Due 0
Date of Note 2021-12
Maturity Date 2024-12
Repayment Terms Quarterly payments of accrued unpaid interest, principal due on maturity
Interest Rate 50.000000000000
Security Provided by Borrower  
Purpose of Loan Acquire timber land
Description of Lender Consideration Line of credit
Consideration FMV  


TY 2023 OtherAssetsSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Timber land held for exempt purposes 112,725,640 111,041,795 111,041,795


TY 2023 OtherDecreasesSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Description Amount
Unrealized appreciation in value of timber and related land 1,178,779


TY 2023 OtherExpensesSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank charges 2,874 0   2,874
Dues and subscriptions 4,890 0   4,890
Office supplies 9,866 0   9,866
Computer service and programming 10,800 0   10,800
Insurance 104,270 10,029   95,801
Conservation and wildlife expenses 158,757 0   168,885


TY 2023 OtherIncomeSchedule2
Name:
The Ross Foundation
EIN:
71-6060574
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Hunting license fees 83,441 83,441 83,441
Royalties 6,986 6,986 6,986


TY 2023 OtherProfessionalFeesSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Appraisal services 16,400 0   16,400
Field review and testing 1,500 0   1,500


TY 2023 TaxesSchedule
Name:
The Ross Foundation
EIN:
71-6060574
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
State tax 900 0   900
Excise tax 42,000 0   0
Property tax 100,430 4,184   91,343