Rumie Initiative Inc
- Assets
- $313.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-3918665
Organization Overview
Rumie Initiative Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rumie Initiative 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 12/2023, Rumie Initiative Inc generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $44.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (63.0%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZING THE MASSIVE ARRAY OF FREE, OPEN SOURCE EDUCATIONAL CONTENT AVAILABLE ONLINE ON THE RUMIE.ORG PLATFORM, A WEB PLATFORM. 1,000,000 PEOPLE BENEFITED. THIS INVOLVED FUNDING THE BUILD-OUT OF THE RUMIE WEB PLATFORM, AN INTERACTIVE WEBSITE WHERE ANYONE CAN BROWSE THROUGH INDIVIDUAL PIECES OF FREE LEARNING CONTENT OR CURATED COLLECTIONS OF LEARNING CONTENT ORGANIZED BY OUR LEARNING TEAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tariq Fancy Director | 1 | $0 | |
Emily Fine Director | 1 | $0 | |
Mark Jenkins Director | 1 | $0 | |
Mike Tyler Director | 1 | $0 | |
Dave Maquera Director | 1 | $0 | |
Tony Rome Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44 |
| Total expenses | $44 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $313,725 |
| Other assets | $0 |
| Total assets | $313,725 |
| Total liabilities | $0 |
| Net assets or fund balances | $313,725 |