Rml Foundation
- Assets
- $2.1m
- Revenue
- $49.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-3745711
Organization Overview
Rml Foundation is located in Metairie, LA. The organization was established in 2018. 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. Rml 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 12/2022, Rml Foundation generated $49.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $147.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rml Foundation has awarded 48 individual grants totaling $385,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Leithman Director | 1 | $0 | |
Madeleine Leithman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $223 |
| Capital Gain Net Income | $223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,367 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,561 |
| Total operating and administrative expenses | $16,928 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $147,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,060 |
| Savings and temporary cash investments | $37,198 |
| 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 | $2,004,968 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,078,226 |
| 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 | $24 |
| Total liabilities | $24 |
Grants Awarded
Over the last fiscal year, Rml Foundation has awarded $131,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AUDUBON NATURE INSTITUTE PURPOSE: TO CREATE A FAMILY OF MUSEUMS AND PARKS DEDICATED TO NATURE | $1,000 |
BOYS HOPE GIRLS HOPE OF NEW ORLEANS PURPOSE: HELP ACADEMICALLY CAPABLE AND MOTIVATED CHILDREN-IN-NEED TO MEET THEIR FULL POTENTIAL AND BECOME MEN AND WOMEN FOR OTHERS BY PROVIDING VALUE-CENTERED, FAMILY-LIKE HOMES, OPPORTUNITIES AND EDUCATION THROUGH COLLEGE | $5,000 |
CHRISTIAN BROTHERS FOUNDATION INC PURPOSE: TO ASSIST IN OPERATIONS OF THE SCHOOL, SUPPORT THE NEEDS OF THE BROTHERS AND SUPPORT THE LOCAL CHRISTIAN BROTHERS SCHOOL COMMUNITY. | $1,000 |
CATHOLIC RELIEF SERVICES PURPOSE: ASSIST THE POOR AND VULNERABLE OVERSEAS | $10,000 |
COVENANT HOUSE NEW ORLEANS PURPOSE: SERVING RUNAWAY, HOMELESS, AND AT-RISK YOUTH WITH RESPECT AND UNCONDITIONAL LOVE BY OFFERING SHELTER, FOOD, CLOTHING, COUNSELING, MEDICAL ATTENTION, CRISIS INTERVENTION, AND AN ARRAY OF OTHER SUPPORT SERVICES | $5,000 |
FRIENDS OF CITY PARK PURPOSE: TO BENEFIT AND IMPROVE CITY PARK | $5,000 |