Michelle Rima Memorial Scholarship Inc
- Assets
- $72.7k
- Revenue
- $2.9k
- Investments
- $21.4k
- Employees
- 0
- Location
- Strawberry Point, IA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 26-0164317
Organization Overview
Michelle Rima Memorial Scholarship Inc is located in Strawberry Point, IA. The organization was established in 2007. 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. Michelle Rima Memorial Scholarship Inc 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 12/2021, Michelle Rima Memorial Scholarship Inc generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (30.0%) each year. All expenses for the organization totaled $8.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark W Rima President | 0 | $0 | |
Debra Rima Treasurer | 0 | $0 | |
Jared Rima Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $491 |
| Interest on Savings | $1,299 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,148 |
| Total Revenue | $2,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62 |
| Total operating and administrative expenses | $570 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $8,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,283 |
| Savings and temporary cash investments | $49,004 |
| 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 | $21,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $72,683 |
| 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, Michelle Rima Memorial Scholarship Inc has awarded $8,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KEATON KRUGER PURPOSE: SCHOLARSHIP | $1,000 |
RAQUEL ROSBURG PURPOSE: SCHOLARSHIP | $1,000 |
ANNA HAMLETT PURPOSE: SCHOLARSHIP | $1,000 |
KENNA MEISGEIER PURPOSE: SCHOLARSHIP | $1,000 |
QUINCY SWALES PURPOSE: SCHOLARSHIP | $1,000 |
MADELINE HARFORD PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |