Ready Mixed Concrete Research And Education Foundation Inc

Organization Overview

Ready Mixed Concrete Research And Education Foundation Inc is located in Alexandria, VA. The organization was established in 1990. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ready Mixed Concrete Research And Education 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, Ready Mixed Concrete Research And Education Foundation Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS DEDICATED TO ENHANCING AND STRENGTHENING THE READY MIXED CONCRETE INDUSTRY THROUGH INDEPENDENT RESEARCH AND QUALITY EDUCATION PROGRAMMING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MASSACHUSETTS INSTITUTE OF TECHNOLOGY CONCRETE SUSTAINABILITY HUB (MIT CSHUB):THE MIT CSHUB BRINGS TOGETHER LEADERS FROM ACADEMIA, INDUSTRY, AND GOVERNMENT TO DEVELOP BREAKTHROUGHS USING A HOLISTIC APPROACH THAT WILL ACHIEVE DURABLE AND SUSTAINABLE HOMES, BUILDINGS, AND INFRASTRUCTURE IN EVER MORE DEMANDING ENVIRONMENTS.THE MISSION OF THE CSHUB IS TO DEVELOP BREAKTHROUGHS THAT WILL ACHIEVE SUSTAINABLE AND DURABLE HOMES, BUILDINGS, AND INFRASTRUCTURE. THIS IS APPROACHED BY CONDUCTING RESEARCH TO REDUCE THE IMPACT OF PRODUCING AND USING CONCRETE, AND TO DEVELOP TOOLS TO SUPPORT INFRASTRUCTURE DECISIONS: LIFE-CYCLE ENVIRONMENTAL, COST, AND HAZARD RESISTANCE.RESEARCH AT THE MIT CSHUB HAS BEEN ORGANIZED AROUND THREE FOCUS AREAS: CONCRETE MATERIALS SCIENCE, BUILDING TECHNOLOGY AND THE ECONOMETRICS OF SUSTAINABLE DEVELOPMENT.


PERFORMANCE ENGINEERED MIXTURES STUDY TO ADDRESS CONCRETE DURABILITY ISSUES FOR PAVEMENTS. RMC'S FINANCIAL CONTRIBUTION IS AN INDUSTRY MATCH FOR FUNDING THORUGH A STATE DOT POOLED FUND RESEARCH PROJECT.


THE SKATE4CONCRETE PROJECT INCLUDES DEVELOPMENT OF VIDEOS EDUCATING YOUNG PEOPLE ABOUT CONCRETE AND SKATEPARKS, RESOURCES FOR LEARNING MORE ABOUT CAREERS IN CONCRETE AND THE DEVELOPMENT OF A HIGH SCHOOL LEVEL CONCRETE CERTIFICATION RECOGNIZED BY THE CONCRETE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Julie Garbini
Executive Dir.
$266,477
Jennifer Lefevre
Program Director
$138,651
Rodney Grogan
Vice Chairman
$0
Donald V Ingrassano
Chairman
$0
Jamie Gentoso
Sec/treasurer
$0
Christopher Schenone
Trustee
$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$1,163,642
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,163,642
Total Program Service Revenue$0
Investment income $579,284
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $996,449
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,739,375

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ready Mixed Concrete Research And Education Foundation Inc has recieved totaling $8,862.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$8,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$362
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,570,873
Net Contributions$897,158
Other Expense$1,156,658
Ending Balance$1,311,373

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