Rm2 Foundation
- Assets
- $1.2m
- Revenue
- $187.0k
- Investments
- $62.0k
- Employees
- 0
- Location
- North Kingstown, RI
- Founding
- 02/1997
- Data as of
- 11/2023
- EIN
- 05-0494286
Organization Overview
Rm2 Foundation is located in North Kingstown, RI. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Rm2 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 11/2023, Rm2 Foundation generated $187.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $351.3k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (22.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rm2 Foundation has awarded 77 individual grants totaling $7,847,241. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Perlman Trustee | 0.25 | $0 | |
Claire Perlman Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69 |
| Dividends & Interest | $505 |
| Net Rental Income | $105,496 |
| Net Gain on Sale of Assets | $2,677 |
| Capital Gain Net Income | $2,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $186,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $52,260 |
| Occupancy | $5,894 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,096 |
| Total operating and administrative expenses | $78,325 |
| Contributions, gifts, grants paid | $273,000 |
| Total expenses and disbursements | $351,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,199 |
| 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 | $1,118,319 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,225,490 |
| 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, Rm2 Foundation has awarded $273,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
CERE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CHABAD JEWISH CENTER OF PETALUMA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
FOUNDATION TO COMBAT ANTI-SEMITISM INC PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
FUND FOR URI & HILLEL PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
NE'EMAN FOUNDATION USA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |