Robert R Rhodes Tr
- Assets
- $38.8m
- Revenue
- $4.6m
- Investments
- $38.7m
- Employees
- 0
- Location
- Brooklyn, OH
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 34-6506870
Organization Overview
Robert R Rhodes Tr is located in Brooklyn, OH. The organization was established in 1982. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Robert R Rhodes Tr 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, Robert R Rhodes Tr generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Robert R Rhodes Tr has awarded 65 individual grants totaling $5,352,342. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANT PAYMENTS ARE MADE IN COMPLIANCE WITH THE LAST WILL AND TESTAMENTOF ROBERT R RHODES DATED NOVEMBER 4, 1913 AND ALIGNED WITH UPDATED EXHIBIT A NAMED BENEFICIARIES DATED APRIL 19, 1940.KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS TO PRE SELECTED EXEMPT ORGANIZATIONS TO BE USED FOR THEIR EXEMPT PURPOSE. KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, ALL BENEFICIARIES EXCEPT HIRAMHOUSE HAVE CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THEGREATER OF 5% OF AFV OR TRADITIONAL INCOME.HIRAM HOUSE HAS CHOSEN TRADITIONAL INCOME. THE TRUST CAN BE TERMINATED BY ANY 25% COMBINATION OF BENEFICIARY INCOME INTERESTS.
Describe the Organization's Program Activity:
GRANTS MADE TO UNIVERSITY HOSPITALS ARE USED FOR SUPPORT AND ATTAINMENT OF THEIR EXEMPT PURPOSE.
GRANTS MADE TO CLEVELAND CLINIC FOUNDATION ARE MADE FOR THE SUPPORT AND ATTAINMENT OF THE HOSPITAL'S MISSION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $241,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,235,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,629,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,800,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,429 |
| Compensation of current officers, directors, key employees. | $215,429 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $200 |
| Total functional expenses | $2,018,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,023 |
| Pledges and grants receivable | $0 |
| 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 | $38,668,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,777,651 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $38,777,651 |
| 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 | $38,777,651 |
Grants Awarded
Over the last fiscal year, Robert R Rhodes Tr has awarded $1,800,961 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Independence, OH PURPOSE: Grants made are for support and attainment of the hospital's mission | $397,469 |
Shaker Heights, OH PURPOSE: Grants made are for the support and attainment of the hospital's mission | $313,202 |
East Cleveland, OH PURPOSE: Grants made are for the support and attainment of the organization's mission | $113,305 |
Cleveland, OH PURPOSE: Grants made are for the support and attainment of the organization's mission | $113,305 |
RAINBOW BABIES | | | $58,087 |
Cleveland, OH PURPOSE: Grants made are for the support and attainment of the organization's mission | $58,087 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robert R Rhodes Tr has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Mary G Stange Charitable Trust Ann Arbor, MI | $495,498 | $4,941,394 |
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |