Zsolt & Mary Rumy Charitable Trust
- Assets
- $17.1m
- Revenue
- $287.5k
- Investments
- $15.9m
- Employees
- 0
- Location
- Tequesta, FL
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1613081
Organization Overview
Zsolt & Mary Rumy Charitable Trust is located in Tequesta, FL. The organization was established in 2008. 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. Zsolt & Mary Rumy Charitable Trust 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, Zsolt & Mary Rumy Charitable Trust generated $287.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 7 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 2016, Zsolt & Mary Rumy Charitable Trust has awarded 350 individual grants totaling $7,172,007. 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 |
|---|---|---|---|
Zsolt Rumy Grantor & Trustee | 1 | $0 | |
Mary Rumy Grantor | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $128,183 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,289 |
| Capital Gain Net Income | $159,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $287,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,970 |
| Depreciation | $0 |
| Occupancy | $2,593 |
| Travel, conferences, and meetings | $26,862 |
| Printing and publications | $0 |
| Other expenses | $1,945 |
| Total operating and administrative expenses | $269,403 |
| Contributions, gifts, grants paid | $1,044,275 |
| Total expenses and disbursements | $1,313,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,778 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,233 |
| 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 | $15,926,372 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,123,383 |
| Accounts payable and accrued expenses | $14,870 |
| 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 | $14,870 |
Grants Awarded
Over the last fiscal year, Zsolt & Mary Rumy Charitable Trust has awarded $1,044,275 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
THE HERITAGE ACCOUNT INC PURPOSE: CHARITABLE | $1,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: RUMY INNOVATION CHAIR, RUMY CENTENNIAL SCHOLARSHIP FUND | $625,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: CHARITABLE | $10,000 |
ST LOUIS ART MUSEUM PURPOSE: CHARITABLE | $5,000 |
MISSOURI BOTANICAL GARDEN PURPOSE: CHARITABLE | $25,000 |
SUNSHINE MINISTRIES PURPOSE: CHARITABLE | $5,000 |