Rust Foundation FY2021 filing

Dover, DEUnknown exempt organizationSince 2021 EIN 85-4376974Revenue $2.1M in FY2021

On file with the IRSfoundation.rust-lang.org8 the Green 11976 · Dover, DE

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The primary purpose of the Rust Foundation is to: (a) support and promote the Rust project, which is the principal developer of the Rust programming language, (b) support the promotion, maintenance and development, and security of the Rust programming language and other projects supporting the Rust language and the broader Rust ecosystem; (c) cultivate the Rust project team members and user communities, including by producing events; (d) manage the technical infrastructure underlying the development of Rust; (e) manage and steward the Rust trademark and other assets of the Foundation; and (f) undertake such other activities as may from time to time be appropriate to further the purposes and achieve the goals set forth above.

$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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 $548K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$136K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
23 mo
of spending, in cash
Looks good: 22.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$297K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 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
$2.1M
Spent
$626K
Net assets
$1.4M
By yearFY2021–FY2025
Revenue
$2.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.1M
FY2022$2.8M
FY2023$2.5M
FY2024$4.3M
FY2025$5.3M
Expenses
$626K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$626K
FY2022$1.9M
FY2023$3.1M
FY2024$3.8M
FY2025$4.8M
Net assets
$1.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4M
FY2022$2.3M
FY2023$1.8M
FY2024$2.3M
FY2025$2.8M

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

13 people listed on the 990; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation
Interim Exec. Dir. (thru 07/2021)
$110,000Pt VII · Sec A
Executive Director (from 11/2021)
$26,283Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Rebecca Rumbul$410,351———$26,283
Walter Pearce$336,243$308,247$261,741——
Joel Marcey$236,960$255,279$243,628$181,324—
Jon Bauman$228,454————
Tobias Bieniek$201,880————
Adam Harvey$166,830————
Gracie Gregory——$136,099——
Abi Broom$124,333————

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

Supports Rust programming language development, community, and infrastructure.

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

The foundation developed a governance structure that was inclusive of the rust project team members, and established specific committees and contracts to govern the interests of the organisation.

Pt IX · col B
02

The foundation provided support to the maintenance and development of the rust programming language through the provision of several events (online due to the pandemic) such as rustconf and the regular 'town hall' meetings.

Pt IX · col B
03

A full time executive director / ceo was recruited, with the recruitment exercise running from june 2021-OCTOBER 2021, with the new hire beginning in post during november 2021.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 15 grants · $492K · 2022–2025
Carnegie Mellon UniversityPA · FY2025$50,000
U C San Diego FoundationCA · FY2025$40,000
Unitemized GrantFY2025$34,562
Unitemized GrantFY2025$21,112
Unitemized GrantFY2025$13,165
Unitemized GrantFY2024$58,939
Unitemized GrantFY2024$23,000
Unitemized GrantFY2024$1,639
Unitemized GrantFY2024$300
Unitemized GrantFY2023$106,750
Unitemized GrantFY2023$49,215
Unitemized GrantFY2023$150
Unitemized GrantFY2022$61,997
Unitemized GrantFY2022$19,000
CodecraftersFY2022$12,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$650K
Other incomeLn 4–11$44
Money outPt IX
$626K
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$297K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$650K
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$44
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$1.7M
LiabilitiesLn 26$297K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$0$1.2M
Land, buildings, equipmentLn 10c$0$2K
Total assetsLn 16$0$1.7M
LiabilitiesLn 26$0$297K
Net assetsLn 32$0$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$140K
Payroll taxesLn 10$19K
Legal feesLn 11b$77K
Accounting feesLn 11c$31K
Other fees for servicesLn 11g$91K
Advertising and promotionLn 12$99K
Office expensesLn 13$121
Information technologyLn 14$3K
TravelLn 17$3K
Conferences, conventions and meetingsLn 19$15K
Depreciation, depletion and amortizationLn 22$57
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$146K
Total functional expensesLn 25$626K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.3M$4.8M$465K$2.8M 990 PDF
FY2024 $4.3M$3.8M$495K$2.3M 990 PDF
FY2023 $2.5M$3.1M−$554K$1.8M 990 PDF
FY2022 $2.8M$1.9M$887K$2.3M 990 PDF
FY2021 Viewing $2.1M$626K$1.4M$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,074,961 revenue, 12 lines filed
I-8 Contributions and grants$650,000
I-9 Program service revenue$1,424,917
I-10 Investment income$0
I-11 Other revenue$44
I-12 Total revenue$2,074,961
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$159,074
I-16a Professional fundraising fees$0
I-17 Other expenses$467,083
I-18 Total expenses$626,157
I-19 Revenue less expenses$1,448,804
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,074,961 across 4 lines filed
Lines not itemized here account for $44 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$650,000
VIII-1h Total contributions, gifts and grants$650,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,424,917$1,424,917
VIII-12 Total revenueRelated to mission $1,424,917 · Unrelated business $0 · Excluded from tax $44$2,074,961
Part IX · Statement of functional expenses $626,157 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$139,635
IX-10 Payroll taxes$19,439
IX-11b Legal fees$77,138
IX-11c Accounting fees$30,900
IX-11g Other fees for services$90,919
IX-12 Advertising and promotion$98,618
IX-13 Office expenses$121
IX-14 Information technology$2,505
IX-17 Travel$2,548
IX-19 Conferences, conventions and meetings$15,000
IX-22 Depreciation, depletion and amortization$57
IX-23 Insurance$3,097
IX-24 Other expenses (24a–d)$146,180
IX-25 Total functional expenses$626,157
Part X · Balance sheet $1,745,498 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $0$1,183,748
X-4 Accounts receivableStart of year $0$555,000
X-9 Prepaid expenses and deferred chargesStart of year $0$4,757
X-10c Land, buildings and equipment, netStart of year $0$1,993
X-16 Total assetsStart of year $0$1,745,498
X-17 Accounts payable and accrued expensesStart of year $0$33,861
X-19 Deferred revenueStart of year $0$262,833
X-26 Total liabilitiesStart of year $0$296,694
X-27 Net assets without donor restrictionsStart of year $0$1,448,804
X-32 Total net assets or fund balancesStart of year $0$1,448,804
X-33 Total liabilities and net assetsStart of year $0$1,745,498
Part XI · Reconciliation of net assets $1,448,804 net assets at year end
XI-1 Total revenue$2,074,961
XI-2 Total expenses$626,157
XI-3 Revenue less expenses$1,448,804
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,448,804

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

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