Rmel Foundation
- Assets
- $197.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centennial, CO
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 84-1504397
Organization Overview
Rmel Foundation is located in Centennial, CO. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rmel 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, Rmel Foundation generated $123.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $122.0k during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE RMEL FOUNDATION PROVIDED 54 SCHOLARSHIPS TO DESERVING AND QUALIFIED COLLEGE STUDENTS FOCUSED ON ENGINEERING OR CURRICULUM RELATED TO THE ELECTRIC ENERGY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Akin Director | 1 | $0 | |
Rick Putnicki Director | 1 | $0 | |
John Aherne Director | 1 | $0 | |
Vernon Buddy Hasten Director | 1 | $0 | |
Roberto Gois Director | 1 | $0 | |
Steve Roalstad Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,353 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,751 |
| Other Revenue | $0 |
| Total Revenue | $123,116 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,260 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,764 |
| Total expenses | $122,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,022 |
| Other assets | $0 |
| Total assets | $197,022 |
| Total liabilities | $0 |
| Net assets or fund balances | $197,022 |
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