Rumba Foundation Of Long Beach
- Assets
- $18.9m
- Revenue
- $1.3m
- Investments
- $18.3m
- Employees
- 0
- Location
- Cedar Glen, CA
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-4352226
Organization Overview
Rumba Foundation Of Long Beach is located in Cedar Glen, CA. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rumba Foundation Of Long Beach 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, Rumba Foundation Of Long Beach generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rumba Foundation Of Long Beach has awarded 48 individual grants totaling $3,963,576. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Rudy Sec, Vp, Dir | 4 | $0 | |
Josephine Molina Pres, Dir, Trea | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74,681 |
| Dividends & Interest | $414,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $766,770 |
| Capital Gain Net Income | $766,770 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,257 |
| Total Revenue | $1,297,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,608 |
| Total operating and administrative expenses | $142,052 |
| Contributions, gifts, grants paid | $1,275,000 |
| Total expenses and disbursements | $1,417,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593,136 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,321,963 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,857,843 |
| 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, Rumba Foundation Of Long Beach has awarded $1,275,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Long Beach, CA PURPOSE: OPERATION SCHOOL BELL | $700,000 |
Los Alamitos, CA PURPOSE: FOOD FOR KIDS | $300,000 |
YMCA OF GREATER LONG BEACH PURPOSE: PROGRAMS BENEFITING CHILDREN ATTENDING LBUSD | $100,000 |
RANCHO LOS CERRITOS PURPOSE: ARTFUL STORYTELLING ADVENTURE PROGRAM | $55,000 |
CHILDREN TODAY PURPOSE: UNRESTRICTED GRANT | $30,000 |
Long Beach, CA PURPOSE: UNRESTRICTED GRANT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |