The Rcm&d Foundation
- Assets
- $4.1m
- Revenue
- $283.2k
- Investments
- $3.9m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 06/2000
- Data as of
- 03/2024
- EIN
- 52-2204935
Organization Overview
The Rcm&d Foundation is located in Towson, MD. The organization was established in 2000. 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. Rcm&d 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 03/2024, Rcm&d Foundation generated $283.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $295.6k during the year ending 03/2024. While expenses have increased by 14.0% per year over the past 4 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 2021, Rcm&d Foundation has awarded 162 individual grants totaling $976,300. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert R Counselman Chairman/pres./dir. | 0 | $0 | |
Margaret K Counselman Director | 0 | $0 | |
Katherine Caple President | 0 | $0 | |
Robert T Cawley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166,923 |
| Capital Gain Net Income | $166,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $283,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,864 |
| Total operating and administrative expenses | $28,283 |
| Contributions, gifts, grants paid | $267,300 |
| Total expenses and disbursements | $295,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,656 |
| 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 | $3,924,471 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,071,127 |
| Accounts payable and accrued expenses | $14,902 |
| 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 | $2,506 |
| Total liabilities | $17,408 |
Grants Awarded
Over the last fiscal year, The Rcm&d Foundation has awarded $267,300 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF BALTIMORE PURPOSE: SUPPORT THE CATHOLIC RELIGION | $15,000 |
B&O RAILROAD MUSEUM PURPOSE: SUPPORT PEOPLE | $2,500 |
BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST PURPOSE: PROVIDE A QUALITY EDUCATION FOR LOW INCOME AFRICAN AMERICAN STUDENTS IN BALTIMORE | $1,000 |
CATHEDRAL OF MARY OUR QUEEN PURPOSE: SUPPORT THE CAPITAL CAMPAIGN AND MUSIC PROGRAM | $13,000 |
CRISTO REY JESUIT HIGH SCHOOL PURPOSE: PROVIDE EDUCATION TO LOW INCOME STUDENTS | $10,000 |
DOWNTOWN SAILING CENTER PURPOSE: PROVIDE QUALITY EDUCATION AND LIFE ENRICHING PROGRAMS TO PROMOTE SELF-ESTEEM AND TEAMWORK | $7,500 |