Rung Foundation Inc
- Assets
- $33.4m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-2166707
Organization Overview
Rung Foundation Inc is located in St Louis, MO. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rung 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 12/2023, Rung Foundation Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $6.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUNG FOR WOMEN IS BUILDING A STRONGER MIDDLE CLASS. OUR MISSION IS "TO EMPOWER WOMEN TO GROW AND ACHIEVE SUSTAINED INDEPENDENCE TRHOUGH CO-LOCATED AND COORDINATED EDUCATIONAL, PROFESSIONAL, AND ECONOMIC RESOURCES." RUNG DOES THIS THROUGH A HOLISTIC COACHING-TO-CAREER PROGRAM THAT SUPPORTS EACH WOMAN IN TAPPING INTO HER UNIQUE POTENTIAL, DESIGNING HER VISIONS FOR THE FUTURE, AND TAKING ACTION TOWARD HER PROFESSIONAL AND PERSONAL GOALS. BY BRINGING TOGETHER NINE EXISTING PROVIDERS IN ONE FACILITY, RUNG HAS CREATED A SEAMLESS MODEL THAT OFFERS A ONE-STOP SHOP TO ELIMINATE THE BARRIERS WOMEN FACE TO ECONOMIC MOBILITY. VISIT WWW.RUNGFORWOMEN.ORG FOR MORE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Kindle Hogan Chair | 20 | $0 | |
James F Mann Treasurer | 2 | $0 | |
Jacob Reby Director | 1 | $0 | |
Jeanette Pai-Espinosa Director | 1 | $0 | |
Lorri Rippelmeyer Director | 1 | $0 | |
Donna Erbs Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family Care Health Center | 12/30/23 | $169,554 |
R3 Collaboratives Inc | 12/30/23 | $152,454 |
Evntiv | 12/30/23 | $133,259 |
Cannonball Inc | 12/30/23 | $135,786 |
Acumen Consulting | 12/30/23 | $94,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,980,349 |
| Interest on Savings | $0 |
| Dividends & Interest | $148,174 |
| Net Rental Income | $11,227 |
| Net Gain on Sale of Assets | $8,486 |
| Capital Gain Net Income | $8,486 |
| Net ST Capital Gain | $8,486 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,529 |
| Total Revenue | $13,155,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $208,104 |
| Other employee salaries and wages | $2,297,478 |
| Pension plans, employee benefits | $297,047 |
| Interest | $0 |
| Taxes | $208,568 |
| Depreciation | $619,850 |
| Occupancy | $298,728 |
| Travel, conferences, and meetings | $105,863 |
| Printing and publications | $9,476 |
| Other expenses | $1,762,654 |
| Total operating and administrative expenses | $6,049,150 |
| Contributions, gifts, grants paid | $1,400 |
| Total expenses and disbursements | $6,050,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $717,455 |
| Savings and temporary cash investments | $5,914,014 |
| Net Accounts receivable | $702,237 |
| Net Pledges Receivable | $0 |
| Grants receivable | $343,374 |
| 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 | $106,733 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $25,545,095 |
| Other assets | $70,870 |
| Total assets | $33,399,778 |
| Accounts payable and accrued expenses | $928,626 |
| 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 | $928,626 |