Randolph D Rouse Foundation Inc
- Assets
- $60.6m
- Revenue
- $19.7m
- Investments
- $59.9m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 11/2004
- Data as of
- 12/2021
- 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 12/2021, Randolph D Rouse Foundation Inc generated $19.7m in total revenue. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 1114.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Randolph D Rouse Foundation Inc has awarded 177 individual grants totaling $4,878,502. 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
2021
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 2021, THE FOUNDATION CONTRIBUTED $2,850,000 TO SIXTY-THREE DIFFERENT ORGANIZATIONS. THE LARGEST RECIPIENT ORGANIZATIONS WERE IN THE FIELDS OF PUBLIC HEALTH ($1,650,000), INDIGENT CARE ($315,000), YOUTH SPORTS AND ACTIVITIES ($225,000) AND ARTS & MUSEUMS ($195,000).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Meehan President | 2 | $40,000 | |
Sidney G Simmonds Secretary-Treasurer | 3 | $40,000 | |
Patrick Stafford Vice President | 2 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,526,301 |
| Interest on Savings | $280,701 |
| Dividends & Interest | $671,640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,233,513 |
| Capital Gain Net Income | $1,233,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,070 |
| Total Revenue | $19,720,225 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170,756 |
| Total operating and administrative expenses | $321,824 |
| Contributions, gifts, grants paid | $2,850,000 |
| Total expenses and disbursements | $3,171,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,651 |
| Savings and temporary cash investments | $674,733 |
| 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 | $60,626,013 |
| 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 $2,850,000 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: FUND NURSE RETENTION AND RECRUITMENT AND TRAINING FOR LEVEL 2 TRAUMA CENTER PERSONNEL | $530,000 |
Fairfax, VA PURPOSE: FUND SCHAR CANCER INSTITUTE | $400,000 |
Gaithersburg, MD PURPOSE: FUND ADULT CARE PROGRAMS AND GRANTS MANAGER POSITION | $200,000 |
Newport News, VA PURPOSE: GENERAL USE BY QUALIFIED DONEE ORGANIZATION | $155,000 |
Newport News, VA PURPOSE: SCHOLARSHIPS | $135,000 |
JAMESTOWN REDISCOVERY FOUNDATION PURPOSE: FUND RENOVATIONS TO HISTORIC COLONIAL CHURCH | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |