Rome Foundation FY2024 filing

Tax-deductible

Raleigh, NC501(c)(3)Since 1996Medical ResearchEIN 54-1808958Revenue $2.9M in FY2024

On file with the IRStheromefoundation.org14460 Falls of Neuse Rd Ste 149-116, 27614-6643 · Raleigh, NCTax-exempt since Oct 1997Publicly supported charity — 170(b)(1)(A)(vi)

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To support and promote multinational research; develop and update diagnostic criteria; establish mechanisms for validation of evolving diagnostic criteria; and disseminate findings and recommendations in the diagnostics, care and treatment of gastrointestinal disorders.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
$314K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
4 of 5
filings with a surplus
Average surplus $393K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$314K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $125
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$74K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 11 voting members
Looks good: 7 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+10% vs prior year
Spent
$2.8M
To programs
39%
Net assets
$1.7M
By yearFY2021–FY2025
Revenue
$2.9M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.7M
FY2022$2.4M
FY2023$2.7M
FY2024$2.9M
FY2025$3.5M
Expenses
$2.8M
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.6M
FY2022$2.2M
FY2023$3.0M
FY2024$2.8M
FY2025$2.6M
Net assets
$1.7M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$1.8M
FY2023$1.5M
FY2024$1.7M
FY2025$2.6M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1997.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $1.1M Management & general 27% · $762K Fundraising 34% · $962K

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

15 people listed on the 990; $314K paid to officers and key staff.

Part VII, Section A · reportable compensation
$116,000Pt VII · Sec A
Executive Dir.
$100,000Pt VII · Sec A
President
$32,000Pt VII · Sec A
Director
$16,830Pt VII · Sec A
Director
$7,500Pt VII · Sec A
$7,000Pt VII · Sec A
Director
$4,500Pt VII · Sec A
Director
$4,500Pt VII · Sec A

Douglas a Drossman’s $130K as CEO is at the 29th percentile of top reported officer pay among 360 $1–10M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Douglas a Drossman$130,000$116,000$114,000$116,000$101,042
Johannah Ruddy——$60,663$126,838$112,731
Tanya Murphy$114,516$100,000$4,167——
Jan Tack$42,000$32,000$34,500$35,000$25,000
Laurie Keefer$39,620$7,000$3,000$6,500$10,500
Ami Sperber$18,360$16,830$10,129$13,000—
Lin Chang$5,500$7,500$3,000$8,750$13,500
Max Schmulson$6,500$3,500$3,500$10,500—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Promotes research, updates diagnostic criteria, and shares findings for gastrointestinal disorders.

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Provided by the organization

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3 programs · $999K · in their own filed words · FY2024
01

Rome V

Update and revise medical information on the DGBI and the Rome Criteria, the process relies on obtaining recent scientific evidence using Dephi approach to create a variety of educational documents

$403Kprogram expense
02

Research Institute

Increase knowledge of the epidemiology and pathophysiology of the DGBI through clinical research studies.

$402Kprogram expense
03

Other program expenses to support and promote multinational research; develop and update diagnostic criteria; establish mechanisms for validation of evolving diagnostic criteria; and disseminate findings and recommendations in the diagnostics, care and treatment of gastrointestinal disorders.

$195Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$125

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$134K
Money outPt IX
$2.8M
Ln 25
Programscol B$1.1M
Managementcol C$762K
Fundraisingcol D$962K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$74K
PeoplePt VI, VII
15
listed · VII A
PaidVII A15
Voting boardVI 1a11
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$19K
Other incomeLn 4–11$134K
Gains on assetsLn 7$0
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$136K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$291K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$74K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$1.2M$1.2M
InvestmentsLn 11–13$299K$291K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$65K$74K
Net assetsLn 32$1.5M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$314K$144K$117K$54K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$324K$22K$184K$118K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$388K$47K$241K$101K
Advertising and promotionLn 12$166K$83K$83K
Office expensesLn 13$27K$6K$16K$6K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$180K$83K$48K$48K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1.0M$532K$511K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$376K$191K$157K$28K
All other expensesLn 24e$27K$14K$13K
Total functional expensesLn 25$2.8M$1.1M$762K$962K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.5M$2.6M$881K$2.6M 990 PDF
FY2024 Viewing $2.9M$2.8M$91K$1.7M 990 PDF
FY2023 $2.7M$3.0M−$333K$1.5M 990 PDF
FY2022 $2.4M$2.2M$183K$1.8M 990 PDF
FY2021 $2.7M$1.6M$1.1M$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,935,826 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,146,518$1,066,994
I-9 Program service revenuePrior year $1,511,123$1,715,485
I-10 Investment incomePrior year $6,555$19,374
I-11 Other revenuePrior year $9,289$133,973
I-12 Total revenuePrior year $2,673,485$2,935,826
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $549,263$638,612
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,456,864$2,206,188
I-18 Total expensesPrior year $3,006,127$2,844,800
I-19 Revenue less expensesPrior year −$332,642$91,026
Part VI · Governance 7 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,935,826 across 10 lines filed
VIII-1f All other contributions, gifts and grants$1,066,994
VIII-1h Total contributions, gifts and grants$1,066,994
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,715,485$1,715,485
VIII-3 Investment incomeExcluded from tax $19,374$19,374
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $133,973$133,973
VIII-12 Total revenueRelated to mission $1,849,458 · Excluded from tax $19,374$2,935,826
Part IX · Statement of functional expenses $2,844,800 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $143,688 · Management $116,641 · Fundraising $54,000$314,329
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $22,351 · Management $183,507 · Fundraising $118,425$324,283
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $46,552 · Management $240,520 · Fundraising $100,863$387,935
IX-12 Advertising and promotionPrograms $83,238 · Fundraising $83,238$166,476
IX-13 Office expensesPrograms $5,649 · Management $15,602 · Fundraising $5,649$26,900
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $82,617 · Management $48,493 · Fundraising $48,493$179,603
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $531,791 · Fundraising $510,936$1,042,727
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $191,235 · Management $156,837 · Fundraising $27,500$375,572
IX-24e All other expensesPrograms $13,757 · Fundraising $13,218$26,975
IX-25 Total functional expensesPrograms $1,120,878 · Management $761,600 · Fundraising $962,322$2,844,800
Part X · Balance sheet $1,729,502 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,026,322$1,063,253
X-2 Savings and temporary cash investmentsStart of year $177,589$136,172
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $101,909$239,177
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $299,462$290,900
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,605,282$1,729,502
X-17 Accounts payable and accrued expensesStart of year $64,581$74,199
X-26 Total liabilitiesStart of year $64,581$74,199
X-27 Net assets without donor restrictionsStart of year $1,358,950$1,403,006
X-28 Net assets with donor restrictionsStart of year $181,751$252,297
X-32 Total net assets or fund balancesStart of year $1,540,701$1,655,303
X-33 Total liabilities and net assetsStart of year $1,605,282$1,729,502
Part XI · Reconciliation of net assets $1,655,303 net assets at year end
XI-1 Total revenue$2,935,826
XI-2 Total expenses$2,844,800
XI-3 Revenue less expenses$91,026
XI-4 Net assets at start of year$1,540,701
XI-5 Net unrealized gains (losses) on investments$23,576
XI-10 Net assets at end of year$1,655,303

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

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