Rfi Family Foundation Inc
- Assets
- $3.7m
- Revenue
- $497.9k
- Investments
- $3.6m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 54-2076962
Organization Overview
Rfi Family Foundation Inc is located in Bethesda, MD. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Rfi Family 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 12/2022, Rfi Family Foundation Inc generated $497.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $49.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rfi Family Foundation Inc has awarded 98 individual grants totaling $741,506. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua B Rales President & Direcor | 0 | $0 | |
Maura Dyer Secretary & Exective Director | 0 | $0 | |
Norman Freidkin Treasurer & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $326 |
| Interest on Savings | $0 |
| Dividends & Interest | $166,692 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $330,863 |
| Capital Gain Net Income | $330,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $497,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,785 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $495 |
| Total operating and administrative expenses | $11,830 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $49,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,828 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,534 |
| Total assets | $3,664,449 |
| 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, Rfi Family Foundation Inc has awarded $37,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
POZEZ JCC NORTHERN VIRGINIA PURPOSE: DONATION | $25,000 |
SIXTH & I PURPOSE: DONATION | $5,000 |
UVA CENTER FOR POLITICS PURPOSE: DONATION | $5,000 |
OASIS CLUB PURPOSE: DONATION | $1,000 |
Washington, DC PURPOSE: DONATION | $500 |
THE KELSEY PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Henkels Foundation Blue Bell, PA | $1,152,398 | $2,386,882 |
Amani Family Foundation Wilmington, DE | $45,849,271 | $16,212,818 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |