Robert & Iotha Mae Romweber Memorial Foundation Tr
- Assets
- $814.6k
- Revenue
- $100.2k
- Investments
- $780.1k
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 05/2019
- Data as of
- 01/2024
- EIN
- 81-6563751
Organization Overview
Robert & Iotha Mae Romweber Memorial Foundation Tr is located in Columbus, OH. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Robert & Iotha Mae Romweber Memorial Foundation Tr 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 01/2024, Robert & Iotha Mae Romweber Memorial Foundation Tr generated $100.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $63.8k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Robert & Iotha Mae Romweber Memorial Foundation Tr has awarded 18 individual grants totaling $230,000. 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.
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 |
|---|---|---|---|
Joel R Aberth Co-Trustee | 1 | $0 | |
Huntington National Bank Co-Trustee | 1 | $17,002 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,592 |
| Capital Gain Net Income | $67,592 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,002 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $18,752 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $63,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,512 |
| 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 | $814,606 |
| 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, Robert & Iotha Mae Romweber Memorial Foundation Tr has awarded $45,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON BAR ASSOCIATION FOUNDATION PURPOSE: ROBERT D ROMWEBER SCHOLARSHIP FUND | $5,000 |
UNIVERSITY OF AKRON FOUNDATION PURPOSE: SCHOOL OF LAW SCHOLARSHIP FUND | $15,000 |
UNIVERSITY OF AKRON FOUNDATION PURPOSE: DR. GEORGE PROUGH SCHOLARSHIP FUND | $15,000 |
COMMUNITY LEGAL AID SERVICES PURPOSE: GENERAL SUPPORT | $10,000 |