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Rumson Endowment Fund INC FY2021 filing

Tax-deductible

Rumson, NJ501(c)(3)Since 1992Public & Societal BenefitEIN 22-3206309Revenue $377 in FY2021

On file with the IRS80 E River Rd, 07760-1630 · Rumson, NJTax-exempt since Jun 2000Supporting organization — 509(a)(3)

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The corporation has and will seek contributions from the general public in order to provide capital improvements and/or recreational facilities within the borough of Rumson in ways accepted by the mayor and council of the borough as required by new jersey law.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
4 of 6
filings with a surplus
Average surplus $67K a year · 58% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
138 mo
of spending, in cash
Looks good: 138.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$377
-95% vs prior year
Spent
$15K
To programs
87%
Net assets
$168K
By yearFY2020–FY2025
Revenue
$377
FY2021▼ -95%
Tap a bar for its year
Revenue by fiscal year
FY2020$7K
FY2021$377
FY2022$21K
FY2023$120K
FY2024$89K
FY2025$448K
Expenses
$15K
FY2021▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$42K
FY2021$15K
FY2022$15K
FY2023$68K
FY2024$70K
FY2025$76K
Net assets
$168K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$182K
FY2021$168K
FY2022$175K
FY2023$227K
FY2024$245K
FY2025$617K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 2000.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $13K Management & general 13% · $2K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
John Lembeck
Director
$0Pt VII · Sec A
John Calder
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Helen L Graves
Chief Financial Officer
$0Pt VII · Sec A
Thomas S Rogers
Administrator
$0Pt VII · Sec A
See Rumson Endowment Fund 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

Funds capital improvements and recreational facilities for Rumson, with mayoral approval.

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Provided by the organization

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3 programs · $13K · in their own filed words · FY2021
01

Maintenance of bingham hall for the use of borough of rumson residents.

$8Kprogram expense
02

Tree lighting CEREMONY/DISPLAY for rumson residents.

$4Kprogram expense
03

All other programs including fire dept.

$2Kprogram 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
The Goldman Sachs Charitable Gift FundFY2024$30K
Total grants receivedfrom 1 funder$30K
Grants paid · 4 grants · $154K · 2023–2025
Borough of RumsonFY2025$61,617
American Constitution Spirit FoundationVA · FY2025$10,500
Borough of RumsonFY2024$67,632
Borough of RumsonFY2023$13,806

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$377
Ln 12
Gifts and grantsLn 1h$300
Investment incomeLn 3$77
Money outPt IX
$15K
Ln 25
Programscol B$13K
Managementcol C$2K
Owns and owesPt X
$168K
net assets · Ln 32
Cash and savingsLn 1–2$168K
Total assetsLn 16$168K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300
Investment incomeLn 3$77
Total revenueLn 12$377
Assets in detailPt X, end of year
SavingsLn 2$168K
Cash and savings togetherLn 1–2$168K
Total assetsLn 16$168K
LiabilitiesLn 26$0
Net assetsLn 32$168K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$182K$168K
Total assetsLn 16$182K$168K
LiabilitiesLn 26$0$0
Net assetsLn 32$182K$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13K$13K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$370$370
Other expenses (24a–d)Ln 24$91$91
Total functional expensesLn 25$15K$13K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $448K$76K$371K$617K 990 PDF
FY2024 $89K$70K$18K$245K 990 PDF
FY2023 $120K$68K$52K$227K 990 PDF
FY2022 $21K$15K$7K$175K 990 PDF
FY2021 Viewing $377$15K−$14K$168K 990 PDF
FY2020 $7K$42K−$34K$182K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $377 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,300$300
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $74$77
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,374$377
I-13 Grants and similar amounts paidPrior year $40,031$12,603
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,825$1,961
I-18 Total expensesPrior year $41,856$14,564
I-19 Revenue less expensesPrior year −$34,482−$14,187
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $377 across 4 lines filed
VIII-1f All other contributions, gifts and grants$300
VIII-1h Total contributions, gifts and grants$300
VIII-3 Investment incomeRelated to mission $77$77
VIII-12 Total revenueRelated to mission $77 · Unrelated business $0 · Excluded from tax $0$377
Part IX · Statement of functional expenses $14,564 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $12,603$12,603
IX-11c Accounting feesManagement $1,500$1,500
IX-13 Office expensesManagement $370$370
IX-24 Other expenses (24a–d)Management $91$91
IX-25 Total functional expensesPrograms $12,603 · Management $1,961 · Fundraising $0$14,564
Part X · Balance sheet $168,103 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $182,290$168,103
X-16 Total assetsStart of year $182,290$168,103
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $109,394$99,463
X-28 Net assets with donor restrictionsStart of year $72,896$68,640
X-32 Total net assets or fund balancesStart of year $182,290$168,103
X-33 Total liabilities and net assetsStart of year $182,290$168,103
Part XI · Reconciliation of net assets $168,103 net assets at year end
XI-1 Total revenue$377
XI-2 Total expenses$14,564
XI-3 Revenue less expenses−$14,187
XI-4 Net assets at start of year$182,290
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$168,103

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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