Rsm Us Foundation
- Assets
- $13.9m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-2248988
Organization Overview
Rsm Us Foundation is located in Davenport, IA. The organization was established in 2015. 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 Us 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 12/2021, Rsm Us Foundation generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rsm Us Foundation has awarded 644 individual grants totaling $23,035,199. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO BUILDING TOMORROW'S MIDDLE MARKET LEADERS BY ENHANCING EDUCATIONAL OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIRDIES FORE LOVE: IN 2021, RSM US FOUNDATION TEAMED WITH THE DAVIS LOVE FOUNDATION FOR THE NINTH ANNUAL BIRDIES FORE LOVE. ORIGINATED BY THE DAVIS LOVE FOUNDATION, BIRDIES FORE LOVE HAS GENERATED FINANCIAL SUPPORT FOR MANY CHARITIES HELPING CHILDREN AND FAMILIES IN THE SOUTHEAST. WITH RSM US FOUNDATION'S SUPPORT, BIRDIES FORE LOVE HAS EXPANDED ITS REACH TO INCLUDE CHARITIES FOCUSED ON CHILDREN AND FAMILIES NATIONWIDE. IN 2021, MORE THAN $3.5 MILLION WAS RAISED TO BENEFIT OVER 90 CHARITIES SUPPORTING YOUTH IN THE AREAS OF EDUCATION, HUNGER, HOUSING, AND HEALTH.
NATIONAL CHARITIES: GRANT SUPPORT TO NATIONAL CHARITIES WHOSE MISSION ALIGNS WITH THE MISSION OF THE RSM US FOUNDATION OF EDUCATION, HOUSING, OR HEALTH.
UNIVERSITY GIVING: RSM US FOUNDATION IS FOCUSED ON ENHANCING EDUCATION FOR TOMORROW'S MIDDLE MARKET LEADERS. IN 2021, OVER 90 UNIVERSITIES AND ELIGIBLE ORGANIZATIONS RECEIVED GRANTS RANGING FROM $750 TO $138,688.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Opheim Chair & Treasurer | OfficerTrustee | 2 | $0 |
Sudhir Kondisetty Vice-Chair | OfficerTrustee | 2 | $0 |
Michael Greer Secretary (until Dec 2021) | OfficerTrustee | 2 | $0 |
Joseph Adams President | Officer | 2 | $0 |
Donna Sciarappa Director | Trustee | 2 | $0 |
Anthony Boucher Director (until Dec 2021) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,282 |
| Related organizations | $4,851,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,398,195 |
| Noncash contributions included in lines 1a–1f | $85,644 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,329,477 |
| Total Program Service Revenue | $0 |
| Investment income | $339,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,669,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,002,941 |
| Grants and other assistance to domestic individuals. | $568,572 |
| Grants and other assistance to Foreign Orgs/Individuals | $217,458 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,830,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,349,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,090 |
| 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 | $0 |
| Investments—publicly traded securities | $10,506,649 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,920,904 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,175,322 |
| 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 | $1,175,322 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $12,745,582 |
| Total liabilities and net assets/fund balances | $13,920,904 |
Grants Awarded
Over the last fiscal year, Rsm Us Foundation has awarded $5,846,861 in support to 137 organizations.
| Grant Recipient | Amount |
|---|---|
Hartford, CT PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $769,000 |
Saint Augustine, FL PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $351,722 |
Boston, MA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $237,500 |
Atlanta, GA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $225,882 |
Des Moines, IA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $209,682 |
Santa Ana, CA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $175,431 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Rsm Us Foundation has recieved totaling $2,162,887.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $1,024,735 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $1,024,735 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $61,200 |
Rsm Boston Foundation Inc Boston, MA PURPOSE: GENERAL OPERATIONS | $26,827 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |