Rpm Foundation
- Assets
- $656.2k
- Revenue
- $467.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Tacoma, WA
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 20-2102643
Organization Overview
Rpm Foundation is located in Tacoma, WA. The organization was established in 2005. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rpm 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 12/2023, Rpm Foundation generated $467.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $376.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rpm Foundation has awarded 59 individual grants totaling $932,026. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE RPM FOUNDATION SUPPORTS RESTORATION AND PRESERVATION TRAINING PROGRAMS FOR THE NEXT GENERATION OF AUTOMOTIVE, MOTORCYCLE AND MARINE CRAFTSMEN. AS THE EDUCATIONAL ARM OF AMERICA'S AUTOMOTIVE TRUST, THE SERVICES, RESOURCES AND GRANTS PROVIDED BY THE RPM FOUNDATION SAFEGUARD THE FUTURE OF THE COLLECTOR VEHICLE INDUSTRY BY SUSTAINING HANDS-ON TRAINING FOR YOUNG ADULTS. THE RPM FOUNDATION IS BASED IN CHICAGO, IL, AND AMBASSADORS NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RPM FOUNDATION IS DEDICATED TO ENSURING THAT CRITICAL SKILLS NECESSARY TO PRESERVE AND RESTORE COLLECTOR VEHICLES ARE NOT LOST BY PROVIDING SCHOLARSHIPS AND EDUCATIONAL GRANTS TO STUDENTS AND ORGANIZATIONS COMMITTED TO HANDS-ON TRAINING OF THE TRADES. TOTAL SCHOLARSHIPS GRANTED = 10.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Madeira Vice Chair & Ceo,aat | OfficerTrustee | 0.05 | $0 |
Paul Miller Sr Vice Pres, Aat | OfficerTrustee | 0.05 | $0 |
Gary Yamamoto Exec Director, Acm | OfficerTrustee | 0.05 | $0 |
Nick Ellis Exec Director, Rpm | OfficerTrustee | 38.9 | $97,639 |
Tg Mittler Board Member | Trustee | 0.05 | $0 |
Sam Baker Jr Secretary | OfficerTrustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $162,144 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,457 |
| Noncash contributions included in lines 1a–1f | $26,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,601 |
| Total Program Service Revenue | $500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,180 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,832 |
| Compensation of current officers, directors, key employees. | $11,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,351 |
| Pension plan accruals and contributions | $2,166 |
| Other employee benefits | $8,102 |
| Payroll taxes | $15,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,051 |
| Advertising and promotion | $1,088 |
| Office expenses | $2,187 |
| Information technology | $2,062 |
| Royalties | $0 |
| Occupancy | $3,481 |
| Travel | $13,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $48,072 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,950 |
| Total functional expenses | $376,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,978 |
| Savings and temporary cash investments | $60,000 |
| Pledges and grants receivable | $105,179 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,157 |
| Accounts payable and accrued expenses | $2,389 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $147,678 |
| Total liabilities | $150,067 |
| Net assets without donor restrictions | $81,782 |
| Net assets with donor restrictions | $424,308 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $656,157 |
Grants Awarded
Over the last fiscal year, Rpm Foundation has awarded $90,825 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GILMORE MUSEUM PURPOSE: Scholarship funding. | $9,825 |
CENTER FOR WOODEN BOATS PURPOSE: Scholarship funding. | $8,000 |
IYRS SCHOOL OF TECHNOLOGY & TRADE PURPOSE: Scholarship funding. | $10,000 |
MCPHERSON COLLEGE PURPOSE: Scholarship funding. | $30,000 |
THE APPRENTICESHOP PURPOSE: Scholarship funding. | $10,000 |
PENNSYLVANIA COLLEGE OF TECHNOLOGY PURPOSE: Scholarship funding. | $23,000 |