Milton M Ratner Foundation

Franklin, MI
Tax-exempt since Aug. 1969
EIN: 38-6160330

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$554k (2024)

Expenses

$528k (2024)

Total Assets

$6.03M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Revenue

$553,648

Expenses

$528,237

Net Income

$25,411

Net Assets

$6,029,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$423	0.1%
Dividends	$232,451	42.0%
Sales of Assets	$320,774	57.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$470,241	89.0%
Compensation of Officers*	$96,000	18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,029,196
Total Liabilities	$0
Net Assets	$6,029,196

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Jock S Russell (Vice Preside)	$30,000	$0
Carol Piltz Hermann (Secretary Tr)	$30,000	$0
Mary Jo Rosson (Trustee Emer)	$0	$0

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990-PF

Filed on Jan. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2023

Revenue

$436,165

Expenses

$491,757

Net Income

-$55,592

Net Assets

$6,064,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$361	0.1%
Dividends	$195,605	44.8%
Sales of Assets	$240,199	55.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$442,904	90.1%
Compensation of Officers*	$96,000	19.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,064,917
Total Liabilities	$0
Net Assets	$6,064,917

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Jock S Russell (Vice Preside)	$30,000	$0
Carol Piltz Hermann (Secretary Tr)	$30,000	$0
Mary Jo Rosson (Trustee Emer)	$0	$0

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990-PF

Filed on Jan. 10, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2022

Revenue

$612,639

Expenses

$510,598

Net Income

$102,041

Net Assets

$6,104,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42	0.0%
Dividends	$176,189	28.8%
Sales of Assets	$436,408	71.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$455,913	89.3%
Compensation of Officers*	$90,500	17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,104,280
Total Liabilities	$0
Net Assets	$6,104,280

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Jock S Russell (Vice Preside)	$21,000	$0
Carol Piltz Hermann (Secretary Tr)	$21,000	$0
Mary Jo Rosson (Trustee Emer)	$12,500	$0

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990-PF

Filed on Nov. 29, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2021

Revenue

$544,524

Expenses

$475,314

Net Income

$69,210

Net Assets

$6,058,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$28	0.0%
Dividends	$173,281	31.8%
Sales of Assets	$371,215	68.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$429,395	90.3%
Compensation of Officers*	$72,000	15.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,058,283
Total Liabilities	$0
Net Assets	$6,058,283

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Mary Jo Rosson (Trustee Emeritus)	$30,000	$0
Jock S Russell (Vice Pres)	$18,000	$0
Carol Piltz Hermann (Secy Treas)	$18,000	$0

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990-PF

Filed on Jan. 11, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2020

Revenue

$408,369

Expenses

$473,990

Net Income

-$65,621

Net Assets

$6,010,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35	0.0%
Dividends	$186,921	45.8%
Sales of Assets	$221,413	54.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$426,037	89.9%
Compensation of Officers*	$72,000	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,010,398
Total Liabilities	$1
Net Assets	$6,010,397

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Jock S Russell (Vice Pres)	$18,000	$0
Carol Piltz Hermann (Secy Treas)	$18,000	$0
Mary Jo Rosson (Trustee Emeritus)	$0	$30,000

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990-PF

Filed on Jan. 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2019

Revenue

$576,452

Expenses

$480,401

Net Income

$96,051

Net Assets

$6,097,909

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$191	0.0%
Dividends	$200,405	34.8%
Sales of Assets	$375,856	65.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$424,422	88.3%
Compensation of Officers*	$72,000	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,097,910
Total Liabilities	$1
Net Assets	$6,097,909

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Jock S Russell (Vice Pres)	$18,000	$0
Carol Piltz Hermann (Secy Treas)	$18,000	$0
Mary Jo Rosson (Trustee Emeritus)	$0	$30,000

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990-PF

Filed on Jan. 7, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2018

Revenue

$589,176

Expenses

$445,890

Net Income

$143,286

Net Assets

$6,021,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$783	0.1%
Dividends	$177,764	30.2%
Sales of Assets	$410,629	69.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$406,652	91.2%
Compensation of Officers*	$72,000	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,021,793
Total Liabilities	$0
Net Assets	$6,021,793

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Mary Jo Rosson (Trustee Emeritus)	$30,000	$0
Jock S Russell (Vice Pres)	$18,000	$0
Carol Piltz Hermann (Secy Treas)	$17,500	$0

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990-PF

Filed on Jan. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2017

Revenue

$390,804

Expenses

$444,997

Net Income

-$54,193

Net Assets

$5,913,698

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$127	0.0%
Dividends	$189,233	48.4%
Sales of Assets	$201,444	51.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$410,644	92.3%
Compensation of Officers*	$71,500	16.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,913,698
Total Liabilities	$0
Net Assets	$5,913,698

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Mary Jo Rosson (Trustee Emeritus)	$30,000	$0
Jock S Russell (Vice Pres)	$18,000	$0
Carol Piltz Hermann (Secy Treas)	$17,500	$0

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990-PF

Filed on Dec. 22, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2016

Revenue

$359,309

Expenses

$468,360

Net Income

-$109,051

Net Assets

$5,974,295

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$39	0.0%
Dividends	$188,969	52.6%
Sales of Assets	$170,301	47.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$410,552	87.7%
Compensation of Officers*	$62,000	13.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,974,295
Total Liabilities	$0
Net Assets	$5,974,295

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (President)	$36,000	$0
Jock S Russell (Vice Pres)	$18,000	$0
Carol Piltz Hermann (Secy Treas)	$8,000	$0
Mary Jo Rosson (Trustee Emeritus)	$0	$30,000

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990-PF

Filed on Jan. 6, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2015

Revenue

$444,310

Expenses

$456,419

Net Income

-$12,109

Net Assets

$6,086,824

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27	0.0%
Dividends	$194,279	43.7%
Sales of Assets	$250,004	56.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$391,897	85.9%
Compensation of Officers*	$66,000	14.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,086,824
Total Liabilities	$0
Net Assets	$6,086,824

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (Treasurer)	$36,000	$0
Mary Jo Rossen (President)	$30,000	$0

990-PF

Filed on Dec. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2014

Revenue

$514,496

Expenses

$444,954

Net Income

$69,542

Net Assets

$6,152,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$36	0.0%
Dividends	$188,321	36.6%
Sales of Assets	$326,139	63.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$373,758	84.0%
Compensation of Officers*	$80,000	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,152,012
Total Liabilities	$0
Net Assets	$6,152,012

Compensation

Key Employees and Officers	Compensation	Other
Therese M Thorn (Treasurer)	$36,000	$0
Charles R Mcdonald (Vice President)	$24,000	$0
Mary Jo Rossen (President)	$20,000	$0

990-PF

Filed on Dec. 22, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2013

Revenue

$411,732

Expenses

$414,178

Net Income

-$2,446

Net Assets

$6,077,451

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.0%
Dividends	$199,284	48.4%
Sales of Assets	$212,415	51.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$343,221	82.9%
Compensation of Officers*	$92,441	22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,077,451
Total Liabilities	$0
Net Assets	$6,077,451

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2012

Revenue

$335,290

Expenses

$438,366

Net Income

-$103,076

Net Assets

$6,066,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21	0.0%
Dividends	$187,980	56.1%
Sales of Assets	$147,289	43.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$360,913	82.3%
Compensation of Officers*	$91,069	20.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,066,631
Total Liabilities	$0
Net Assets	$6,066,631

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$410,125

Expenses

$378,289

Net Income

$31,836

Net Assets

$6,169,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$23	0.0%
Dividends	$184,704	45.0%
Sales of Assets	$225,398	55.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$325,629	86.1%
Compensation of Officers*	$77,793	20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,169,707
Total Liabilities	$0
Net Assets	$6,169,707

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated November 19, 2025

Milton M Ratner Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $554k (2024)

Expenses $528k (2024)

Total Assets $6.03M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Aug. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$554k (2024)

Expenses

$528k (2024)

Total Assets

$6.03M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Aug.
2024

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
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Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001