Rmnj Family Foundation
- Assets
- $950.3k
- Revenue
- $49.9k
- Investments
- $944.3k
- Employees
- 0
- Location
- Arcadia, CA
- Founding
- 05/2012
- Data as of
- 12/2023
- EIN
- 45-6630806
Organization Overview
Rmnj Family Foundation is located in Arcadia, CA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Rmnj Family 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 12/2023, Rmnj Family Foundation generated $49.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $92.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rmnj Family Foundation has awarded 298 individual grants totaling $771,601. 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 |
|---|---|---|---|
Rajan P Shahani Trustee | 2 | $0 | |
Marjorie Shahani Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $151 |
| Dividends & Interest | $19,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,604 |
| Capital Gain Net Income | $30,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $502 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,128 |
| Contributions, gifts, grants paid | $86,700 |
| Total expenses and disbursements | $92,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,057 |
| 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 | $950,345 |
| 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, Rmnj Family Foundation has awarded $86,700 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF ST BENEDICT PURPOSE: FOR RELIGIOUS PURPOSES OF THE NUNERY. | $500 |
BRAILLE INSTITUTE PURPOSE: WORKING WITH THE BLIND IN HELPING THEM LEAD BETTER LIVES. | $1,000 |
MARCH OF DIMES PURPOSE: FOR PURPOSE OF PROVIDING HEALTH MEASURES FOR PREMATURE BABIES. | $1,000 |
AMERICAN RED CROSS PURPOSE: PROVIDES BLOOD AND OTHER MEDICAL CARE. | $1,200 |
TOGETHER IN MISSION PURPOSE: FOR RELIGIOUS PURPOSES OF THE CHURCH. | $22,500 |
MD ANDERSON CANCER CENTER PURPOSE: FOR PURPOSES OF CANCER RESEARCH AND HOSPITAL. | $1,000 |