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Rse Foundation INC FY2024 filing

Tax-deductible

Albany, NY501(c)(3)Since 2001Education EIN 06-1633377Revenue $7.7M in FY2024

On file with the IRSrse.org/rsefoundation418 Broadway 4221, 12207-2922 · Albany, NYTax-exempt since Jun 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The Rse Foundation supports students in science, technology, engineering and mathematics (stem) fields with a series of related programs as well as scholarships to rensselaer polytechnic institute to enable their education.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $2.7M a year · 92% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
54 mo
of spending, in cash
Looks good: 53.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $117K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7M
×14 vs prior year
Spent
$147K
To programs
73%
Net assets
$8.2M
By yearFY2023–FY2025
Revenue
$7.7M
FY2024▲ ×14
Tap a bar for its year
Revenue by fiscal year
FY2023$531K
FY2024$7.7M
FY2025$487K
Expenses
$147K
FY2024▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2023$218K
FY2024$147K
FY2025$336K
Net assets
$8.2M
FY2024▲ ×12
Tap a bar for its year
Net assets by fiscal year
FY2023$692K
FY2024$8.2M
FY2025$8.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $108K Management & general 3% · $4K Fundraising 24% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Eric John
President
$0Pt VII · Sec A
Michael Tillou
Vice President
$0Pt VII · Sec A
Wesley Lord
Secretary
$0Pt VII · Sec A
Mark a Vince
Treasurer
$0Pt VII · Sec A
Robert Mooney
Scholarship Chair
$0Pt VII · Sec A
Steven Blinder
Assistant Treasurer
$0Pt VII · Sec A
Charles E Adkins JR
Property Director
$0Pt VII · Sec A
Donald Thoma
Liaison Director
$0Pt VII · Sec A
See Rse Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable, educational, and scientific initiatives for the Rensselaer Society of Engineers and Rensselaer Polytechnic Institute.

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Provided by the organization

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2 programs · $108K · in their own filed words · FY2024
01

The rse house serves as both a residential and educational hub for members of rse. It provides a living-learning environment where students can collaborate, study, and grow personally and professionally and a gathering place for rse members and alumni, supporting mentorship, leadership development, and community engagement.

$90Kprogram expense
02

The organization awards scholarships to rpi students to promote academic excellence, leadership, and service. There were 5 scholarships awarded in 2024.

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Morgan Stanley Global Impact Funding Trust INCFY2024$80K
Donor Advised Charitable Giving INCFY2024$15K
Fidelity Investments Charitable Gift FundFY2024$11K
Tien Family FoundationFY2024$10K
The Neel FoundationFY2024$1K
Total grants receivedfrom 5 funders$117K
See all 5 funders →
Grants paid · 4 grants · $30K · 2024–2025
Unitemized GrantFY2025$6,000
Unitemized GrantFY2025$6,000
Unitemized GrantFY2024$12,000
Unitemized GrantFY2024$6,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$7.7M
Ln 12
Gifts and grantsLn 1h$7.6M
Investment incomeLn 3$39K
Fees for servicesLn 2g$20K
Money outPt IX
$147K
Ln 25
Programscol B$108K
Managementcol C$4K
Fundraisingcol D$36K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$658K
Total assetsLn 16$8.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Noncash giftsLn 1g$6.7M
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$20K
Investment incomeLn 3$39K
Gains on assetsLn 7−$3K
Total revenueLn 12$7.7M
Assets in detailPt X, end of year
CashLn 1$2
SavingsLn 2$658K
Cash and savings togetherLn 1–2$658K
InvestmentsLn 11–13$368K
Land, buildings, equipmentLn 10c$7.1M
Other assetsLn 15$76K
Total assetsLn 16$8.2M
LiabilitiesLn 26$0
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$398K$658K
InvestmentsLn 11–13$294K$368K
Land, buildings, equipmentLn 10c$0$7.1M
Total assetsLn 16$692K$8.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$692K$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$18K$18K
Management feesLn 11a$30K$30K
Legal feesLn 11b$3K$3K
Professional fundraising feesLn 11e$33K$33K
Information technologyLn 14$3K$3K
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$9K$9K$303
Other expenses (24a–d)Ln 24$18K$15K$3K
All other expensesLn 24e$661$661
Total functional expensesLn 25$147K$108K$4K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $487K$336K$151K$8.4M 990 PDF
FY2024 Viewing $7.7M$147K$7.5M$8.2M 990 PDF
FY2023 $531K$218K$313K$692K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $7,662,703 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $516,709$7,626,951
I-9 Program service revenuePrior year $0$20,000
I-10 Investment incomePrior year $14,283$38,664
I-11 Other revenuePrior year $0−$22,912
I-12 Total revenuePrior year $530,992$7,662,703
I-13 Grants and similar amounts paidPrior year $133,088$18,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $61,235$32,812
I-17 Other expensesPrior year $23,455$96,220
I-18 Total expensesPrior year $217,778$147,032
I-19 Revenue less expensesPrior year $313,214$7,515,671
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $7,662,703 across 9 lines filed
VIII-1c Fundraising events$10,500
VIII-1f All other contributions, gifts and grants$7,616,451
VIII-1g Noncash contributions (included above)$6,714,313
VIII-1h Total contributions, gifts and grants$7,626,951
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,000$20,000
VIII-3 Investment incomeExcluded from tax $41,459$41,459
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,795−$2,795
VIII-8 Net income from fundraising eventsExcluded from tax −$22,912−$22,912
VIII-12 Total revenueRelated to mission $20,000 · Unrelated business $0 · Excluded from tax $15,752$7,662,703
Part IX · Statement of functional expenses $147,032 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $18,000$18,000
IX-11a Management feesPrograms $30,000$30,000
IX-11b Legal feesManagement $2,962$2,962
IX-11e Professional fundraising feesFundraising $32,812$32,812
IX-14 Information technologyPrograms $2,710$2,710
IX-22 Depreciation, depletion and amortizationPrograms $33,222$33,222
IX-23 InsurancePrograms $8,690 · Management $303$8,993
IX-24 Other expenses (24a–d)Programs $14,939 · Fundraising $2,733$17,672
IX-24e All other expensesManagement $661$661
IX-25 Total functional expensesPrograms $107,561 · Management $3,926 · Fundraising $35,545$147,032
Part X · Balance sheet $8,205,249 assets, 11 lines filed
X-1 Cash, non-interest-bearing$2
X-2 Savings and temporary cash investmentsStart of year $397,859$657,992
X-10c Land, buildings and equipment, netStart of year $0$7,103,005
X-11 Publicly traded securitiesStart of year $293,720$368,281
X-15 Other assetsStart of year $0$75,969
X-16 Total assetsStart of year $691,579$8,205,249
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $691,579$1,023,168
X-28 Net assets with donor restrictions$7,182,081
X-32 Total net assets or fund balancesStart of year $691,579$8,205,249
X-33 Total liabilities and net assetsStart of year $691,579$8,205,249
Part XI · Reconciliation of net assets $8,205,249 net assets at year end
XI-1 Total revenue$7,662,703
XI-2 Total expenses$147,032
XI-3 Revenue less expenses$7,515,671
XI-4 Net assets at start of year$691,579
XI-5 Net unrealized gains (losses) on investments−$2,001
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,205,249

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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