Rehabilitation Institute Of Michigan Foundation
- Assets
- $8.7m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/1953
- Data as of
- 12/2021
- EIN
- 38-1417366
Organization Overview
Rehabilitation Institute Of Michigan Foundation, operating under the name Rim Foundation, is located in Detroit, MI. The organization was established in 1953. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rim 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 12/2021, Rim Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.5% each year . All expenses for the organization totaled $492.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE REHABILITATION INSTITUTE OF MICHIGAN FOUNDATION (THE "RIM FOUNDATION") IS DEDICATED TO PROMOTING THE REHABILITATION OF PERSONS WITH LIFE-ALTERING DISABILITIES THROUGH THE SUPPORT OF RESEARCH, EDUCATION, AND COMMUNITY BENEFIT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPORTSABILITY PROVIDES ADAPTIVE SPORTS OPPORTUNITIES FOR ADULTS IN THE METROPOLITAN DETROIT AREA WITH DISABILITIES, WHICH ALLOWS FOR ENGAGEMENT IN ACTIVITIES THAT ARE IMPORTANT TO THE QUALITY OF LIFE. ACTIVITIES ARE PROVIDED AT NO COST TO PARTICIPANTS, AND THE RIM FOUNDATION WORKS WITH OTHER AGENCIES IN THE AREA TO COORDINATE PROGRAMS AND PROVIDE COMMUNITY OUTREACH. THE PROGRAM OFFERS ADAPTIVE SPORTS THROUGHOUT THE YEAR AND IS LED BY RECREATIONAL THERAPISTS, AN ADAPTIVE SPORTS COORDINATOR, CONTRACT SPECIALISTS, AND MANY VOLUNTEERS. THE RIM FOUNDATION'S SPORTSABILITY IS A MEMBER OF ADAPTIVE SPORTS, USA, THE NATIONAL WHEELCHAIR BASKETBALL ASSOCIATION, AND THE NATIONAL WHEELCHAIR TENNIS ASSOCIATION. MOST SPORTS CAN BE ADAPTED SO PEOPLE CAN CONTINUE TO PARTICIPATE DESPITE HAVING A DISABILITY.
ADAPTIVE YOGA AND TAI CHI ARE SUSTAINABLE PROGRAMS THAT ARE TAUGHT BY QUALIFIED INSTRUCTORS KNOWLEDGEABLE IN TREATING SPINAL CORD INJURY AND TRAUMATIC BRAIN INJURY PATIENTS. DURING 2021, THERE HAVE BEEN A TOTAL OF 400 PARTICIPANTS IN CLASSES. PARTICIPANTS REPORT BENEFITS SUCH AS IMPROVEMENTS IN BALANCE, BREATHING, AND FUNCTIONAL MOBILITY TASKS, AS WELL AS INCREASED RANGE OF MOTION, IMPROVED SLEEP, AND DECREASED STRESS.
THE DANCE MOBILITY PROGRAM CONTINUES TO GROW IN REACH AND POPULARITY. IN PARTNERSHIP WITH THE FRED ASTAIRE DANCE STUDIO IN BLOOMFIELD HILLS, MICHIGAN, DANCE MOBILITY STARTED AS A FREE WHEELCHAIR BALLROOM DANCE PROGRAM IN MAY 2015. THE PROGRAM HAS EXPANDED TO INCLUDE A CLASS FOR AMPUTEES WHO USE UPPER AND LOWER EXTREMITY PROSTHESES, AS WELL AS STROKE SURVIVORS. CLASSES ARE FULL EVERY MONTH, AND REQUESTS TO HOLD CLASSES ARE OFTEN FROM AROUND THE STATE. ADAPTIVE DANCE GIVES PERSONS WITH DISABILITIES AN OUTLET TO ENJOY AN ACTIVITY THEY DID PRIOR TO THEIR INJURY OR ILLNESS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION ABOUT THIS PROGRAM.IN ADDITION TO THE MANY PSYCHOLOGICAL AND SOCIAL BENEFITS OF ADAPTIVE DANCE, RESEARCH HAS SHOWN MANY PHYSICAL BENEFITS, INCLUDING SIGNIFICANT GAINS IN STRENGTH, COORDINATION, AND RANGE OF MOTION, AS WELL AS IMPROVED WHEELCHAIR SKILLS, CONFIDENCE, AND SELF-IMAGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Spillane Knight President | Officer | 28 | $99,313 |
Timothy Cash Executive Director/trustee | OfficerTrustee | 7 | $18,900 |
Anthony Filippis Vice-Chair | OfficerTrustee | 1 | $0 |
Richard Widgren Chair | OfficerTrustee | 2 | $0 |
Barry Clay Treasurer | OfficerTrustee | 1 | $0 |
Nicole Ulrich Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $197,240 |
| Related organizations | $4,879,062 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,128,293 |
| Total Program Service Revenue | $0 |
| Investment income | $53,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,327 |
| Net Income from Fundraising Events | -$52,208 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,229,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,228 |
| 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. | $118,213 |
| Compensation of current officers, directors, key employees. | $12,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,127 |
| Pension plan accruals and contributions | $6,575 |
| Other employee benefits | $6,880 |
| Payroll taxes | $11,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,100 |
| Fees for services: Accounting | $39,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,358 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $414 |
| 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 | $1,463 |
| Insurance | $0 |
| All other expenses | $47,145 |
| Total functional expenses | $491,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $635,975 |
| 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 | $382 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,647,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,567 |
| Total assets | $8,748,780 |
| Accounts payable and accrued expenses | $25,263 |
| Grants payable | $32,237 |
| 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 | $57,500 |
| Net assets without donor restrictions | $5,637,760 |
| Net assets with donor restrictions | $3,053,520 |
| 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 | $8,748,780 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rehabilitation Institute Of Michigan Foundation has recieved totaling $4,911,914.
| Awarding Organization | Amount |
|---|---|
Del Harder Rehabilitation Fund Detroit, MI PURPOSE: TRANSFER OF NET ASSETS UPON DISSOLUTION | $4,879,062 |
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: ADAPTIVE SPORTS | $23,034 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $218 |
Endowment Analysis
| Beg. Balance | $79,188 |
| Earnings | $7,035 |
| Ending Balance | $86,223 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burnett Medical Center Inc Grantsburg, WI | $27,610,432 | $27,344,828 |
Community Stroke And Rehabilitation Center Inc Munster, IN | $55,866,066 | $21,660,242 |
Sparrow Specialty Hospital Lansing, MI | $45,693,643 | $23,525,933 |
Straith Hospital For Special Surgery Southfield, MI | $22,252,376 | $12,573,917 |
Lake Health-University Hospitals Seidman Cancer Center Shaker Heights, OH | $870,055 | $10,441,936 |
University Orthopaedic Associates Inc Indianapolis, IN | $128,725 | $10,511,925 |
Sharon S Richardson Community Hospice Inc Sheboygan Falls, WI | $14,309,775 | $11,390,948 |
Northeastern Michigan Cancer Center Alpena, MI | $4,723,643 | $2,953,146 |
Transformations Surgery Center Inc Middleton, WI | $1,652,314 | $41,431 |
Aladdin Shriners Hospital Association For Children Inc Grove City, OH | $9,513,473 | $3,360,256 |
Academy Of Geriatric Physical Therapy Inc Middleton, WI | $1,884,858 | $865,611 |
Aultman Radiation Oncology Of Alliance Community Hospital Alliance, OH | $0 | $34,478 |