Rehabilitation Institute Of Michigan Foundation
- Assets
- $7.3m
- Revenue
- $536.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/1953
- Data as of
- 12/2022
- 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 12/2022, Rim Foundation generated $536.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $994.4k during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 COMPETITIVE AND RECREATIONAL SPORTING OPPORTUNITIES FOR PERSONS WITH DISABILITIES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION ABOUT THIS PROGRAM.SPORTSABILITY MEMBERS HAVE AN OPPORTUNITY TO PARTICIPATE IN A NUMBER OF ACTIVITIES INCLUDING:- WHEELCHAIR BASKETBALL - WHEELCHAIR BALLROOM DANCING- FITNESS TRAINING- ADAPTIVE BOWLING- HAND CYCLING CLINICS- ADAPTIVE WATERSKIING- KAYAKING- ADAPTIVE SNOW SKIING- WHEELCHAIR TENNIS CLINICS- WEIGHTLIFTING CLINICS- TAI CHI- YOGA THE REHABILITATION INSTITUTE OF MICHIGAN'S CERTIFIED THERAPEUTIC RECREATIONAL SPECIALISTS ASSIST WITH THE FORMATION OF TEAMS, CLINICS, TRAINING, AND EQUIPMENT ADAPTATIONS. SPORTSABILITY IS OPEN TO CHILDREN AND ADULTS THROUGHOUT METROPOLITAN DETROIT WITH DISABLING OR CHRONIC CONDITIONS, INCLUDING SPINAL CORD INJURY, BRAIN INJURY, AMPUTATION, STROKE, SPINA BIFIDA, MULTIPLE SCLEROSIS, AND MUSCULAR DYSTROPHY.
THE STROKE SUPPORT GROUP GIVES SURVIVORS, CAREGIVERS, AND FAMILY MEMBERS A PLACE TO MAKE FRIENDS AND SOCIALIZE WITH OTHERS WHO HAVE SHARED SIMILAR LIFE EXPERIENCES.
RESEARCH RELATED TO SPINAL CORD AND TRAUMATIC BRAIN INJURY - THE RIM FOUNDATION FUNDED TREATMENT FOR SPINAL STENOSIS, WHICH REMOVES FAT FROM THE EPIDURAL SPACE, HELPING THOSE WHO ARE TREATED TO HAVE LESS PAIN STANDING OR WALKING. THIS TREATMENT IS GOOD FOR THOSE WITH CO-MORBIDITIES AND THE ELDERLY, AS IT IS MINIMALLY INVASIVE. THE 3-D VIRTUAL REALITY MOTION METHOD INVOLVES VISUALIZING HUMAN MOVEMENT PATTERNS, WHICH MITIGATE MANY OF THE CURRENT ISSUES RELATED TO REMOTE MONITORING OF PHYSICAL THERAPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Widgren Chair | OfficerTrustee | 4 | $0 |
Anthony Filippis Vice-Chair | OfficerTrustee | 2 | $0 |
Barry Clay Treasurer | OfficerTrustee | 2 | $0 |
Nicole Ulrich Secretary | OfficerTrustee | 2 | $0 |
M Safwan Badr MD Director | Trustee | 2 | $0 |
Timothy Cash Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $393,209 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,535 |
| Total Program Service Revenue | $0 |
| Investment income | $154,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,233 |
| Net Income from Fundraising Events | -$136,658 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $241,274 |
| 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. | $144,600 |
| Compensation of current officers, directors, key employees. | $14,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,048 |
| Pension plan accruals and contributions | $5,371 |
| Other employee benefits | $6,657 |
| Payroll taxes | $14,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,614 |
| Fees for services: Accounting | $46,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,359 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,288 |
| 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 | $2,653 |
| Insurance | $0 |
| All other expenses | $26,899 |
| Total functional expenses | $994,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $471,043 |
| 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 | $4,948 |
| Net Land, buildings, and equipment | $28,622 |
| Investments—publicly traded securities | $6,425,065 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,671 |
| Total assets | $7,302,426 |
| Accounts payable and accrued expenses | $225,253 |
| Grants payable | $91,509 |
| 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 | $316,762 |
| Net assets without donor restrictions | $4,504,469 |
| Net assets with donor restrictions | $2,481,195 |
| 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 | $7,302,426 |