Rwb Foundation Inc
- Assets
- $6.2m
- Revenue
- $117.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Hilliard, FL
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-2547952
Organization Overview
Rwb Foundation Inc is located in Hilliard, FL. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rwb 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 12/2023, Rwb Foundation Inc generated $117.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $244.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE THE EXPANSION OF SUSTAINABLE AND ORGANIC AGRICULTURE PRACTICES BY PROVIDING INDIVIDUALS AND BUSINESSES WITH DESIRABLE RATE LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard W Blaudow President | 15 | $0 | |
Tracy Nazzaro Exec Dir | 35 | $164,350 | |
Delores A Blaudow Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $116,981 |
| Total Revenue | $116,992 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,350 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,316 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $129 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,759 |
| Total operating and administrative expenses | $244,518 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $244,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,897 |
| Savings and temporary cash investments | $0 |
| 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 | $5,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,021,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,239,952 |
| 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, Rwb Foundation Inc has awarded $26,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAURA WHITE PURPOSE: PEST MGMT STUDY / IPM LIVESTOCK PLAN | $20,000 |
WORLD HONEY MARKET PURPOSE: FINANCIAL CONSULTING SERVICES | $6,600 |