Rome Foundation
- Assets
- $1.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 54-1808958
Organization Overview
Rome Foundation is located in Raleigh, NC. The organization was established in 1997. According to its NTEE Classification (H70) the organization is classified as: Digestive Diseases & Disorders 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. Rome 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 12/2023, Rome Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 6.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE MULTINATIONAL RESEARCH; DEVELOP AND UPDATE DIAGNOSTIC CRITERIA; ESTABLISH MECHANISMS FOR VALIDATION OF EVOLVING DIAGNOSTIC CRITERIA; AND DISSEMINATE FINDINGS AND RECOMMENDATIONS IN THE DIAGNOSTICS, CARE AND TREATMENT OF GASTROINTESTINAL DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROME V - UPDATE AND REVISE MEDICAL INFORMATION ON THE DGBI AND THE ROME CRITERIA, THE PROCESS RELIES ON OBTAINING RECENT SCIENTIFIC EVIDENCE USING DEPHI APPROACH TO CREATE A VARIETY OF EDUCATIONAL DOCUMENTS
RESEARCH INSTITUTE - INCREASE KNOWLEDGE OF THE EPIDEMIOLOGY AND PATHOPHYSIOLOGY OF THE DGBI THROUGH CLINICAL RESEARCH STUDIES.
COMMUNICATIONS - DEVELOPMENT OF A CURRICULUM TO TEACH COMMUNICATION SKILLS, PATIENT CENTERED CARE AND PSYCHOSOCIAL ASSESSMENT AND SHARED DECISION MAKING TO OPTIMIZE THE PATIENT-PROVIDER RELATIONSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas A Drossman CEO | OfficerTrustee | 40 | $114,000 |
Johannah Ruddy COO | Officer | 40 | $60,663 |
Jan Tack President | OfficerTrustee | 20 | $34,500 |
Ami Sperber Director | Trustee | 20 | $10,129 |
Tanya Murphy Executive Dir. | Officer | 40 | $4,167 |
Max Schmulson Director | Trustee | 10 | $3,500 |
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 | $1,146,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,146,518 |
| Total Program Service Revenue | $1,511,123 |
| Investment income | $6,555 |
| 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 | $2,673,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $251,659 |
| Compensation of current officers, directors, key employees. | $85,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,604 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $404,570 |
| Advertising and promotion | $231,190 |
| Office expenses | $43,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $344,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,091,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,248 |
| Total functional expenses | $3,006,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,026,322 |
| Savings and temporary cash investments | $177,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,909 |
| 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 | $299,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,605,282 |
| Accounts payable and accrued expenses | $64,581 |
| 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 | $64,581 |
| Net assets without donor restrictions | $1,358,950 |
| Net assets with donor restrictions | $181,751 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,605,282 |