Rme Foundation Inc
- Assets
- $788.8k
- Revenue
- $63.4k
- Investments
- $775.1k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 00/0000
- Data as of
- 09/2024
- EIN
- 22-2989388
Organization Overview
Rme Foundation Inc is located in Buffalo, NY. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Rme 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 09/2024, Rme Foundation Inc generated $63.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $157.0k during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rme Foundation Inc has awarded 93 individual grants totaling $616,770. 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 |
|---|---|---|---|
Ann Adam Hopkins President, Treasurer | 2 | $0 | |
Lawrence V Whistler Director | 2 | $0 | |
Margaret Hopkins Whistler Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,563 |
| Capital Gain Net Income | $41,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,704 |
| Contributions, gifts, grants paid | $150,250 |
| Total expenses and disbursements | $156,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,698 |
| 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 | $775,078 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $788,776 |
| 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, Rme Foundation Inc has awarded $150,250 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
716 SQUASH PURPOSE: CHARITABLE | $1,000 |
ALBANY MEDICAL COLLEGE PURPOSE: CHARITABLE | $27,000 |
BUFFALO PHILHARMONIC ORCHESTRA SOCIETY INC PURPOSE: CHARITABLE | $37,000 |
BUFFALO SEMINARY PURPOSE: CHARITABLE | $1,000 |
BUFFALO PHILHARMONIC CHORUS INC PURPOSE: CHARITABLE | $1,500 |
FEEDMORE WESTERN NEW YORK INC PURPOSE: CHARITABLE | $500 |