The Rick Herrema Foundation Inc
- Assets
- $2.4m
- Revenue
- $726.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Fayetteville, NC
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1633525
Organization Overview
The Rick Herrema Foundation Inc is located in Fayetteville, NC. The organization was established in 2014. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Rick Herrema Foundation Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rick Herrema 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 12/2021, Rick Herrema Foundation Inc generated $726.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $702.3k 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
OUR MISSION IS STRENGTHENING RELATIONSHIPS OF THE MILITARY FAMILY THROUGH FUN, QUALITY ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REJUVENATE AND STRENGTHEN THE MARRIAGES AND PARENT-CHILD RELATIONSHIPS OF OUR NATION'S MILITARY FAMILIES THROUGH FUN AND BONDING ACTIVITIES AT OUR PREMIER OUTDOOR RECREATION AND LEARNING CENTERS.
TO REJUVENATE AND STRENGTHEN THE MARRIAGES AND PARENT-CHILD RELATIONSHIPS OF OUR NATION'S MILITARY FAMILIES THROUGH FUN AND BONDING ACTIVITIES AT OUR PREMIER OUTDOOR RECREATION AND LEARNING CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Anderson Secretary | OfficerTrustee | 10 | $0 |
Trabue Bland Vice Preside | OfficerTrustee | 10 | $0 |
Kimberly Weimer Treasurer | OfficerTrustee | 15 | $0 |
Joshua Woehr President | OfficerTrustee | 15 | $0 |
Landon Bentham Board Member | Trustee | 5 | $0 |
Sam Barnett Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,329 |
| Total Program Service Revenue | $248,356 |
| Investment income | $2,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,005 |
| Advertising and promotion | $1,905 |
| Office expenses | $4,986 |
| Information technology | $5,300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,379 |
| 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 | $66,561 |
| Insurance | $14,739 |
| All other expenses | $30,679 |
| Total functional expenses | $702,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,939 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,290,074 |
| Investments—publicly traded securities | $668,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,354,137 |
| Accounts payable and accrued expenses | $8,552 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| 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 | $4,592 |
| Total liabilities | $48,144 |
| Net assets without donor restrictions | $2,075,113 |
| Net assets with donor restrictions | $230,880 |
| 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 | $2,354,137 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Rick Herrema Foundation Inc has recieved totaling $60,857.
| Awarding Organization | Amount |
|---|---|
Virginians For Veterans North Chesterfield, VA PURPOSE: ASSIST VETERANS | $25,000 |
Alfred E And Marylynn@festa Family Foundation Inc Midlothian, VA PURPOSE: COMMUNITY ASSISTANCE | $15,000 |
Cumberland Community Foundation Inc Fayetteville, NC PURPOSE: CHARITABLE GIFT | $12,859 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $6,650 |
Keating Foundation Inc Aiken, SC PURPOSE: VARIOUS CHARITABLE PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $348 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rehab Jv Llc Richmond, VA | $20,485,656 | $58,443,805 |
The Charles Lea Center Inc Spartanburg, SC | $13,823,582 | $31,443,201 |
Community Rehabilitation Services Inc Gray, GA | $3,448,573 | $22,871,503 |
Carolina Seniorcare Newton, NC | $9,804,902 | $14,797,445 |
Pace At Home Inc Newton, NC | $2,211,670 | $12,836,180 |
Easter Seals Southern Georgia Inc Albany, GA | $7,171,282 | $10,180,657 |
Easter Seals Tennessee Inc Brentwood, TN | $7,243,675 | $12,361,774 |
Easter Seal Society Of South Carolina Inc Columbia, SC | $2,317,254 | $3,906,004 |
Georgia Infirmary Inc Savannah, GA | $5,565,417 | $3,036,283 |
Mckenna Farms Therapy Service Inc Dallas, GA | $4,404,903 | $3,372,670 |
American Physical Therapy Association Alexandria, VA | $5,002,151 | $1,712,040 |
Foundation For Physical Therapy Research Inc Alexandria, VA | $28,419,774 | $4,975,616 |