Rome Foundation
- Assets
- $1.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 54-1808958
Organization Overview
Rome Foundation is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (H70) the organization is classified as: Digestive Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rome 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 06/2021, Rome Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE MULTINATIONAL RESEARCH; DEVELOP AND UPDATE DIAGNOSTIC CRITERIA; ESTABLISH MECHANISMS FOR VALIDATION OF EVOLVING DIAGNOSTIC CRITERIA; AND DISSEMINATE FINDINGS AND RECOMMENDATIONS IN THE DIAGNOSTICS, CARE AND TREATMENT OF GASTROINTESTINAL DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH INSTITUTE - INCREASE KNOWLEDGE OF THE EPIDEMIOLOGY AND PATHOPHYSIOLOGY OF THE DGBI THROUGH CLINICAL RESEARCH STUDIES.
COMMUNICATIONS - DEVELOPMENT OF A CURRICULUM TO TEACH COMMUNICATION SKILLS, PATIENT CENTERED CARE AND PSYCHOSOCIAL ASSESSMENT AND SHARED DECISION MAKING TO OPTIMIZE THE PATIENT-PROVIDER RELATIONSHIP.
PSYCHOGASTROENTEROLOGY - ANNUAL CONFERENCE AND MEETINGS THROUGHOUT THE YEAR FOR MEMBERS TO ASSIST IN, SUPPORT AND PROMOTE MULTINATIONAL RESEARCH REGARDING GASTROINTESTINAL DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johannah Ruddy Executive Dir. | Officer | 40 | $112,731 |
Douglas A Drossman COO | OfficerTrustee | 40 | $101,042 |
Jan Tack President | OfficerTrustee | 20 | $25,000 |
Lin Chang Director | Trustee | 20 | $13,500 |
Laurie Keefer Director | Trustee | 20 | $10,500 |
William Chey Director | Trustee | 20 | $9,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,113,550 |
| Investment income | $9,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,743,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,055 |
| Advertising and promotion | $215,075 |
| Office expenses | $34,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,369 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,598,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,223,694 |
| Savings and temporary cash investments | $431,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,407 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,908,541 |
| Accounts payable and accrued expenses | $38,719 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,869,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rome Foundation has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $105,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
American Diabetes Association Arlington, VA | $0 | $9,794,159 |
American College Of Gastroenterology Inc Bethesda, MD | $294,139,585 | $33,197,457 |
Rheumatology Research Foundation Atlanta, GA | $70,647,398 | $7,906,919 |
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
American Institute For Cancer Research Arlington, VA | $18,214,497 | $14,242,691 |
Centralwest Healthcare Inc Saint Louis, MO | $11,731,408 | $18,084,103 |
Diabetes Research Institute Foundation Inc Hollywood, FL | $35,361,806 | $13,874,959 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Foundation For Atlanta Veterans Education And Research Inc Decatur, GA | $10,222,891 | $13,848,947 |
Council Of Independent Colleges Washington, DC | $74,304,856 | $12,399,028 |