R B M Foundation Trust
- Assets
- $1.2m
- Revenue
- $55.0k
- Investments
- $1.1m
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 03/1994
- Data as of
- 09/2023
- EIN
- 16-6379904
Organization Overview
R B M Foundation Trust is located in Binghamton, NY. The organization was established in 1994. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. R B M Foundation Trust 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 09/2023, R B M Foundation Trust generated $55.0k 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 (3.7%) each year. All expenses for the organization totaled $68.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, R B M Foundation Trust has awarded 116 individual grants totaling $229,450. 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 |
|---|---|---|---|
Robert H Wedlake ESQ President | 0 | $0 | |
Beth Westfall ESQ Vice President | 0 | $0 | |
Jill Andrews Trustee | 0 | $0 | |
Dana Jones Trustee | 0 | $0 | |
Tomi Stewart Trustee | 0 | $0 | |
Gary Cower Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,678 |
| Capital Gain Net Income | $19,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | $54,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $13,014 |
| Contributions, gifts, grants paid | $55,200 |
| Total expenses and disbursements | $68,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $32,375 |
| 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 | $540,994 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,158,673 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
Grants Awarded
Over the last fiscal year, R B M Foundation Trust has awarded $55,200 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BETHEL CHAPEL PURPOSE: GENERAL | $1,000 |
AFTON FIRE DEPARTMENT PURPOSE: TRAINING AND EQUIPMENT | $1,000 |
AFTON VOLUNTEER AMBULANCE SERVICE PURPOSE: TRAINING AND EQUIPMENT | $1,000 |
BROOME COUNTY DOG SHELTER PURPOSE: GENERAL | $500 |
CHOW PURPOSE: GENERAL | $1,500 |
COLESVILLE FOOD PANTRY PURPOSE: GENERAL | $4,000 |