Rilite Foundation
- Assets
- $256.4k
- Revenue
- $479.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Charlottesville, VA
- Founding
- 02/2016
- Data as of
- 12/2019
- EIN
- 47-2638830
Organization Overview
Rilite Foundation is located in Charlottesville, VA. The organization was established in 2016. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rilite 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 12/2019, Rilite Foundation generated $479.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $559.9k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCINETIFIC RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Lipsky Chair Treasu | OfficerTrustee | $0 | |
Amrie Grammer Vice Chair S | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $479,471 |
| Investment income | $0 |
| 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 | $479,471 |
| Statement of Expenses | |
|---|---|
| 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 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 | $4,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $209 |
| Office expenses | $5,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,800 |
| Travel | $39,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,555 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $559,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $256,412 |
| Accounts payable and accrued expenses | $2,183 |
| Grants payable | $0 |
| 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 | $2,183 |
| Net assets without donor restrictions | $254,229 |
| 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 |
| Total liabilities and net assets/fund balances | $254,229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Human Genetics Rockville, MD | $24,149,284 | $8,094,459 |
Community Health Interventions And Sickle Cell Agency Inc Fayetteville, NC | $519,573 | $2,014,356 |
Spinal Research Foundation Reston, VA | $4,971,083 | $1,609,882 |
National Fragile X Foundation Mclean, VA | $1,539,237 | $1,652,718 |
Rilite Foundation Charlottesville, VA | $256,412 | $479,471 |
Parkinson Association Of The Carolinas Charlotte, NC | $2,104,348 | $268,064 |
Childrens Roads To Recovery Inc Baltimore, MD | $30,652 | $19,883 |
International Neurosurgery Education And Research Foundation Raleigh, NC | $274,447 | $152,970 |
Peoples Clinic Foundation Inc Morehead, KY | $113,820 | $0 |
Pediatric Research And Advocacy Initiative Onley, VA | $131,920 | $12,255 |
Advance The Cure Knoxville, TN | $24,902 | $0 |
Clara Inspired Midlothian, VA | $44,408 | $33,330 |