Rmbh Foundation
- Assets
- $3.7m
- Revenue
- $387.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 26-0056542
Organization Overview
Rmbh Foundation is located in Brooklyn, NY. The organization was established in 2002. 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. Rmbh 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 12/2022, Rmbh Foundation generated $387.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $342.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Kestenbaum Trustee | 3 | $0 | |
Silvia Kestenbaum Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $225,371 |
| Dividends & Interest | $0 |
| Net Rental Income | -$16,367 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $386,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,750 |
| Depreciation | $7,851 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,680 |
| Total operating and administrative expenses | $32,781 |
| Contributions, gifts, grants paid | $309,700 |
| Total expenses and disbursements | $342,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,056 |
| Savings and temporary cash investments | $1,348,732 |
| 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 | $649,359 |
| 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 | $228,837 |
| Other assets | $1,250,000 |
| Total assets | $3,701,984 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $16,961 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,961 |
Grants Awarded
Over the last fiscal year, Rmbh Foundation has awarded $309,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZED CHARITIES PURPOSE: TO FURTHER CHARITABLE PURPOSES | $9,700 |
SK FOUNDATION INC PURPOSE: FINANCIAL ASSISTANCE | $300,000 |