Rimora Foundation
- Assets
- $13.3m
- Revenue
- $2.0m
- Investments
- $7.0m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 61-1579580
Organization Overview
Rimora Foundation is located in Charlottesville, VA. The organization was established in 2012. 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. Rimora 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 12/2021, Rimora Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rimora Foundation has awarded 137 individual grants totaling $15,939,000. 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 | $2,000,000 |
| Interest on Savings | $498 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,000,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $452 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $2,852 |
| Contributions, gifts, grants paid | $4,983,000 |
| Total expenses and disbursements | $4,985,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,284,006 |
| 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 | $7,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,284,006 |
| 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, Rimora Foundation has awarded $4,983,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: CORNELL ANNUAL FUND FOR STUDENT AND CAMPUS LIFE | $2,515,000 |
VIRGINIA ATHLETICS FOUNDATION PURPOSE: PROVIDE OPPORTUNITIES FOR STUDENT-ATHLETES TO COMPETE, GRADUATE AND SUCCEED AT THE UNIVERSITY OF VIRGINIA | $1,000,000 |
Charlottesville, VA PURPOSE: TUITION & STUDENT INVESTMENT GROUP ASSISTANCE | $555,000 |
Claremont, CA PURPOSE: EDUCATE ENGINEERS, SCIENTISTS, AND MATHEMATICIANS WELL VERSED IN ALL OF THESE AREAS AND IN THE HUMANITIES AND THE SOCIAL SCIENCES | $235,000 |
AMERICAN HORSE TRIALS FOUNDATION INC PURPOSE: ASSIST IN RAISING FINANCIAL SUPPORT FOR NATIONAL AND INTERNATIONAL COMPETITION | $90,000 |
Charlottesville, VA PURPOSE: PROVIDE OUTSTANDING AFTER-SCHOOL MENTORING, TECHNOLOGY TRAINING , JOB READINESS SKILLS AND COLLEGE-TO-CAREER GUIDANCE TO PROMISING LOW INCOME MIDDLE AND HIGH SCHOOL STUDENTS | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |