Rimon Foundation
- Assets
- $10.4m
- Revenue
- $1.8m
- Investments
- $9.7m
- Employees
- 0
- Location
- Westlake Village, CA
- Founding
- 09/2010
- Data as of
- 12/2020
- EIN
- 27-2903299
Organization Overview
Rimon Foundation is located in Westlake Village, CA. The organization was established in 2010. 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. Rimon 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 12/2020, Rimon Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $2.5m during the year ending 12/2020. While expenses have increased by 20.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Ezra Kest President | 10 | $0 | |
Lauren Kest Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,483,993 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $146,724 |
| Capital Gain Net Income | $146,724 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,482 |
| Total Revenue | $1,847,059 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $939 |
| Taxes | $16,787 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $179 |
| Printing and publications | $0 |
| Other expenses | $64,415 |
| Total operating and administrative expenses | $116,858 |
| Contributions, gifts, grants paid | $2,425,000 |
| Total expenses and disbursements | $2,541,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $574,051 |
| 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 | $5,387,791 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $113,029 |
| Total assets | $10,425,073 |
| 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 | $5,583 |
| Total liabilities | $5,583 |
Grants Awarded
Over the last fiscal year, Rimon Foundation has awarded $2,851,980 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNITY FOUNDATION PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,850,000 |
Lakewood, NJ PURPOSE: TO SUPPORT THE KIMCHA DE'PISCHA KBH CAMPAIGN | $1,800 |
CONGREGATION BAIS YAAKOV SHIRU LAHASHEM PURPOSE: TO SUPPORT THE ENTIRE SEFER TEHILLIM DAILY IN 2 MINUTES | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |