Romich Foundation
- Assets
- $1.1m
- Revenue
- $124.8k
- Investments
- $918.4k
- Employees
- 0
- Location
- Wooster, OH
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 20-3991275
Organization Overview
Romich Foundation is located in Wooster, OH. The organization was established in 2008. 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. Romich 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 12/2022, Romich Foundation generated $124.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $289.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Romich Foundation has awarded 276 individual grants totaling $1,725,687. 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 |
|---|---|---|---|
Barry A Romich President | 2 | $0 | |
Margo E Broehl Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,560 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,835 |
| Capital Gain Net Income | $112,071 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,778 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $200 |
| Depreciation | $9,122 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,556 |
| Total operating and administrative expenses | $97,878 |
| Contributions, gifts, grants paid | $191,715 |
| Total expenses and disbursements | $289,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,126 |
| 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 | $79,268 |
| Other assets | $0 |
| Total assets | $1,129,807 |
| 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, Romich Foundation has awarded $191,715 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL PURPOSES | $250 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL PURPOSES | $356 |
APPLE CREEK HISTORICAL SOCIETY PURPOSE: GENERAL PURPOSES | $11,500 |
CRESTON COMMUNITY SERVICE CLUB PURPOSE: GENERAL PURPOSES | $1,000 |
CORNERSTONE COMMUNITY CHURCH PURPOSE: GENERAL PURPOSES | $1,000 |
JOYFULCAFE PURPOSE: GENERAL PURPOSES | $16,927 |