Rhonas Place Foundation
- Assets
- $8.5m
- Revenue
- $215.9k
- Investments
- $8.3m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-4477606
Organization Overview
Rhonas Place Foundation is located in Towson, MD. The organization was established in 2011. 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. Rhonas Place 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, Rhonas Place Foundation generated $215.9k 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 (3.7%) each year. All expenses for the organization totaled $523.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rhonas Place Foundation has awarded 205 individual grants totaling $3,050,410. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $166,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,901 |
| Capital Gain Net Income | $48,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $215,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,755 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,509 |
| Total operating and administrative expenses | $177,861 |
| Contributions, gifts, grants paid | $345,500 |
| Total expenses and disbursements | $523,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,135 |
| Savings and temporary cash investments | $101,371 |
| 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 | $7,605,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,041 |
| Total assets | $8,510,847 |
| 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 | $46,583 |
| Total liabilities | $46,583 |
Grants Awarded
Over the last fiscal year, Rhonas Place Foundation has awarded $345,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHAR PURPOSE: FUNDING TO SUPPORT CONTRIBUTIONS TO CONDUIT PUBLIC CHARITIES | $300,000 |
MEDSTAR FRANKLIN SQUARE MEDICAL CENTER PURPOSE: SURGICAL PAVILION PLEDGE | $40,000 |
DUCKS UNLIMITED PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT ONGOING OPERATIONS | $500 |
PENN ST DANCE MARATHON PURPOSE: UNRESTRICTED CONTRIBUTION TO SUPPORT ONGOING OPERATIONS. | $2,000 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: SPONSOR MS WALK | $1,000 |
FORT MEADE ALLIANCE FOUNDATION PURPOSE: KUHN HALL EVENT | $2,000 |