Rescue Funding Resource Inc is located in Marietta, GA. 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. Rescue Funding Resource Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP
SCHOLARSHIP
CHARITABLE CONTRIBUTION
CHARITABLE CONTRIBUTION
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kells Alton Conway Jr President | 0 | $0 | |
James Hendee Secretary | 0 | $0 | |
Jeffrey Schwind Treasurer | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $41,059 |
| Dividends & Interest | $87,890 |
| Net Rental Income | $107,815 |
| Net Gain on Sale of Assets | -$103,624 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,379 |
| Total Revenue | $277,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,076 |
| Depreciation | $103,269 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,688 |
| Total operating and administrative expenses | $195,283 |
| Contributions, gifts, grants paid | $372,500 |
| Total expenses and disbursements | $567,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,117 |
| Savings and temporary cash investments | $0 |
| 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 | $5,275,402 |
| Other assets | $4,187,127 |
| Total assets | $9,670,646 |
| 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 |
Over the last fiscal year, Rescue Funding Resource Inc has awarded $372,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA PURPOSE: SCHOLARSHIP | $200,000 |
CHASTAIN HORSE PARK PURPOSE: CHARITABLE CONTRIBUTION | $40,000 |
AUBURN FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
CANINE CELLMATES PURPOSE: CHARITABLE CONTRIBUTION | $12,500 |
GOLDEN RETRIEVER RESCUE OF ATLANTA PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |