Rsm Foundation Inc
- Assets
- $393.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 38-3982794
Organization Overview
Rsm Foundation Inc is located in Newton, MA. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rsm Foundation 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 06/2022, Rsm Foundation Inc generated $143.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $144.5k during the year ending 06/2022. While expenses have increased by 55.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE INFINITY SQUAD IS A MATH MENTORSHIP PROGRAM BETWEEN HIGH SCHOOL AND ELEMENTARY SCHOOL STUDENTS. THE PROGRAM IS DESIGNED TO PAIR HIGH SCHOOL STUDENTS WITH ELEMENTARY SCHOOL STUDENTS TO MEET ON A REGULAR BASIS DURING THE SCHOOL YEAR AND DEVELOP BOTH INTERPERSONAL RELATIONSHIPS AND AN AFFINITY FOR AND ENJOYMENT IN MATH. IT IS DESIGNED TO RUN AT A LOCAL ELEMENTARY SCHOOL, AFTER SCHOOL, FOR 20 WEEKS DURING THE SCHOOL YEAR FROM AROUND OCTOBER UNTIL APRIL. DUE TO THE COVID PANDEMIC, WE HAVE ADJUSTED THE ORIGINAL PROGRAMMING TO GO VIRTUAL. HIGH SCHOOL STUDENTS MEET VIRTUALLY ONCE/WEEK FOR 30 MINUTES WITH THEIR MENTEES TO CONNECT, PLAY MATH GAMES, AND GO OVER MATH HOMEWORK.? AS MANY SCHOOLS HAD TO CANCEL TRANSITIONAL PROGRAMMING FOR 8TH GRADERS ENTERING HIGH SCHOOL, MEMBERS OF OUR TEEN LEADERSHIP BOARD DEVELOPED A MENTOR-BASED PROGRAM FOR THESE 8TH GRADERS AND THEIR PARENTS. THE 8TH GRADERS WERE EACH PAIRED WITH A HIGH SCHOOL STUDENT SO THAT THEY AND THEIR PARENTS COULD ASK QUESTIONS ABOUT MATH CLASSES AND PREPARATION AS WELL AS OTHER ASPECTS OF HIGH SCHOOL LIFE. THE POPULARITY OF THIS PROGRAM EXPLODED AND WAS OFFERED IN 12 DIFFERENT COMMUNITIES. THE ORGANIZATION ALSO HOSTS THE INTERNATIONAL MATH CONTEST WHICH IS A 30-MINUTE ONLINE CHALLENGE BASED ON LEADING MATH CURRICULA FROM ACROSS THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Keyes Manager | 40 | $54,400 | |
Masha Gershman President, Clerk & Director | 2 | $0 | |
Dzhangir Dadashev Director | 1 | $0 | |
Inna Chudnovskaya Treasurer & Director | 1 | $0 | |
Olga Dadasheva Director | 1 | $0 | |
Aleksey Karezin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,150 |
| Total Program Service Revenue | $138,258 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $143,408 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,400 |
| Professional fees and other payments to independent contractors | $2,095 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,545 |
| Other expenses | $85,443 |
| Total expenses | $144,483 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $393,616 |
| Other assets | $0 |
| Total assets | $393,616 |
| Total liabilities | $143,461 |
| Net assets or fund balances | $250,155 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rsm Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Blazer Foundation Rockford, IL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |