Rhimes Family Foundation
- Assets
- $6.7m
- Revenue
- $5.2m
- Investments
- $6.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 81-6544162
Organization Overview
Rhimes Family Foundation is located in Los Angeles, CA. The organization was established in 2017. 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. Rhimes 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, Rhimes Family Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rhimes Family Foundation has awarded 124 individual grants totaling $36,507,250. 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 | $5,200,000 |
| Interest on Savings | $2,358 |
| Dividends & Interest | $122,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$135,032 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,189,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,317 |
| Printing and publications | $0 |
| Other expenses | $27,993 |
| Total operating and administrative expenses | $234,912 |
| Contributions, gifts, grants paid | $1,776,350 |
| Total expenses and disbursements | $2,011,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $517,880 |
| 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 | $6,719,840 |
| 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, Rhimes Family Foundation has awarded $1,776,350 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
EMMETT TILL INTERPRETIVE CENTER PURPOSE: BARN FUND | $750,000 |
A BETTER CHANCE OF WESTPORT INC PURPOSE: CHARITABLE EVENT | $15,000 |
LINCOLN CENTER FOR THE PERFORMING ARTS INC PURPOSE: GENERAL & UNRESTRICTED | $250,000 |
BEYOND 12 EDUCATION INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CHLOE AND MAUD FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
PITTSBURGH FOUNDATION PURPOSE: AUGUST WILSON HOUSE FUND | $50,000 |