Robert & Iotha Mae Romweber Memorial Foundation Tr
- Assets
- $800.0k
- Revenue
- $63.2k
- Investments
- $772.4k
- Employees
- 0
- Location
- Akron, OH
- Founding
- 05/2019
- Data as of
- 01/2022
- EIN
- 81-6563751
Organization Overview
Robert & Iotha Mae Romweber Memorial Foundation Tr is located in Akron, OH. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Robert & Iotha Mae Romweber Memorial Foundation Tr 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 01/2022, Robert & Iotha Mae Romweber Memorial Foundation Tr generated $63.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $19.6k during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Robert & Iotha Mae Romweber Memorial Foundation Tr has awarded 15 individual grants totaling $195,000. 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Huntington National Bank Co-Trustee | 1 | $18,363 | |
Joel R Aberth Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,910 |
| Capital Gain Net Income | $41,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,363 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $19,613 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,587 |
| 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 | $0 |
| Total assets | $800,028 |
| 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, Robert & Iotha Mae Romweber Memorial Foundation Tr has awarded $110,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON BAR FOUNDATION PURPOSE: ROBERT D ROMWEBER SCHOLARSHIP FUND | $20,000 |
AKRON BAR FOUNDATION PURPOSE: ROBERT D ROMWEBER SCHOLARSHIP FUND | $20,000 |
Akron, OH PURPOSE: GEORGE PROUGH SCHOLARSHIP FUND | $20,000 |
Akron, OH PURPOSE: GEORGE PROUGH SCHOLARSHIP FUND | $20,000 |
Akron, OH PURPOSE: GENERAL SUPPORT | $5,000 |
Columbus, OH PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Dismas Charities Properties Inc Louisville, KY | $71,077,691 | $7,449,643 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
William T And Frances A Little Foundation Kalamazoo, MI | $11,702,405 | $13,614,004 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
Iba Foundation Inc Indianapolis, IN | $12,440,961 | $2,236,680 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |
Ashland Legacy Tr Ashland, OH | $4,120,436 | $0 |
Comcast Spectacor Charities Philadelphia, PA | $2,242,195 | $1,546,757 |