Joan W Rhame Foundation-Ima
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $2.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2019
- Data as of
- 08/2023
- EIN
- 38-7195921
Organization Overview
Joan W Rhame Foundation-Ima is located in Pittsburgh, PA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Joan W Rhame Foundation-Ima 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 08/2023, Joan W Rhame Foundation-Ima generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $192.0k during the year ending 08/2023. While expenses have increased by 12.6% per year over the past 4 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.
Since 2020, Joan W Rhame Foundation-Ima has awarded 27 individual grants totaling $376,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Street Rhame Trustee | 1 | $0 | |
Ann Buffington Rhame Coffin Trustee | 1 | $0 | |
Bny Mellon N A Trustee | 1 | $4,145 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,007,290 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,709 |
| Capital Gain Net Income | $153,709 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,285 |
| Total Revenue | $2,229,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,145 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,392 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $440 |
| Total operating and administrative expenses | $62,002 |
| Contributions, gifts, grants paid | $130,000 |
| Total expenses and disbursements | $192,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $471,740 |
| 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 | $2,237,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,708,740 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joan W Rhame Foundation-Ima has awarded $130,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
PBS OF NORTHERN VIRGINIA WETA PURPOSE: GENERAL OPERATING | $20,000 |
MASSACHUSETTS HORTICULTURAL SOCIETY PURPOSE: GENERAL OPERATING | $5,000 |
HARVARD UNIVERSITY PURPOSE: GENERAL OPERATING | $10,000 |
PLANNED PARENTHOOD OF SOUTHERN NEW PURPOSE: GENERAL OPERATING | $20,000 |
THE OLANA PARTNERSHIP PURPOSE: GENERAL OPERATING | $25,000 |
MOUNTAINTOP ARBORETUM PURPOSE: GENERAL OPERATING | $10,000 |