Randolph D Rouse Foundation Inc
- Assets
- $65.1m
- Revenue
- $8.4m
- Investments
- $62.0m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 20-1394997
Organization Overview
Randolph D Rouse Foundation Inc is located in Arlington, VA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Randolph D Rouse Foundation Inc 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 12/2022, Randolph D Rouse Foundation Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Randolph D Rouse Foundation Inc has awarded 180 individual grants totaling $7,164,251. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO LOCAL, REIGONAL AND NATIONAL TAX EXEMPT ORGANIZATIONS TO FURTHER THEIR RESPECTIVE TAX EXEMPT PURPOSES. IN 2022, THE FOUNDATION CONTRIBUTED $3,300,000 TO SIXTY DIFFERENT ORGANIZATIONS. THE LARGEST RECIPIENT ORGANIZATIONS WERE IN THE FIELDS OF PUBLIC HEALTH ($1,855,000), EDUCATION ($290,000), YOUTH SPORTS AND ACTIVITIES ($400,000) AND ARTS & MUSEUMS ($370,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Meehan President | 2 | $50,000 | |
Sidney G Simmonds Secretary-Treasurer | 3 | $50,000 | |
Patrick Stafford Vice President | 2 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,653,228 |
| Interest on Savings | $331,632 |
| Dividends & Interest | $955,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$491,653 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $661 |
| Total Revenue | $8,448,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $222,153 |
| Total operating and administrative expenses | $448,572 |
| Contributions, gifts, grants paid | $3,300,000 |
| Total expenses and disbursements | $3,748,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,226 |
| Savings and temporary cash investments | $3,016,746 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $65,059,051 |
| 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, Randolph D Rouse Foundation Inc has awarded $3,300,000 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOC - DCMDVA CHAPTER PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $15,000 |
AMERICAN YOUTH PHILHARMONIC ORCHESTRAS PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $10,000 |
AN ACHIEVABLE DREAM PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $200,000 |
ANGEL FLIGHT MID-ATLANTIC PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $5,000 |
ARLINGTON COMMUNITY FOUNDATION PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $10,000 |
ARLINGTON FOOD ASSISTANCE CENTER (AFAC) PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $10,000 |