Rm2 Foundation
- Assets
- $1.4m
- Revenue
- $188.1k
- Investments
- $58.8k
- Employees
- 0
- Location
- North Kingstown, RI
- Founding
- 02/1997
- Data as of
- 11/2022
- EIN
- 05-0494286
Organization Overview
Rm2 Foundation is located in North Kingstown, RI. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rm2 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2022, Rm2 Foundation generated $188.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $136.2k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (36.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rm2 Foundation has awarded 76 individual grants totaling $8,968,341. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Perlman Trustee | 0.25 | $0 | |
Claire Perlman Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $828 |
| Net Rental Income | $107,531 |
| Net Gain on Sale of Assets | $5,516 |
| Capital Gain Net Income | $5,516 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $188,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $52,260 |
| Occupancy | $5,896 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,012 |
| Total operating and administrative expenses | $74,168 |
| Contributions, gifts, grants paid | $62,000 |
| Total expenses and disbursements | $136,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,449 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $1,170,579 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,389,818 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rm2 Foundation has awarded $62,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: GENERAL OPERATING SUPPORT | $33,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
CERE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
FUND FOR URI & HILLEL PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
OMNI-MED PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Salem Foundation Providence, RI | $36,287,179 | $36,691,105 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
Gordon Family Foundation Boston, MA | $69,748,192 | $26,669,267 |
Rx Foundation Hadley, MA | $50,754,617 | $6,084,053 |
New England Patriots Charitable Foundation Inc Foxboro, MA | $3,485,294 | $4,177,476 |
Analog Devices Foundation Boston, MA | $30,375,749 | $1,239,762 |