Rbn Foundation FY2023 filing

Tax-deductible

New Haven, CT501(c)(3)ReligionEIN 88-3066441Revenue $2.1M in FY2023

On file with the IRSrbnfoundation.org1 Columbus Plaza 19 FL, 06510-3325 · New Haven, CTTax-exempt since Jan 2023Supporting org, Type I — 509(a)(3)

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $293K a year · 18% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
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
$2.1M
×10 vs prior year
Spent
$2.2M
To programs
86%
Net assets
−$3K
By yearFY2022–FY2024
Revenue
$2.1M
FY2023▲ ×10
Tap a bar for its year
Revenue by fiscal year
FY2022$200K
FY2023$2.1M
FY2024$2.7M
Expenses
$2.2M
FY2023▲ ×14
Tap a bar for its year
Expenses by fiscal year
FY2022$150K
FY2023$2.2M
FY2024$1.8M
Net assets
−$3K
FY2023▼ -106%
Tap a bar for its year
Net assets by fiscal year
FY2022$50K
FY2023−$3K
FY2024$878K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2023.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.9M Management & general 14% · $299K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rbn Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Rbn Foundation is a religious supporting organization based in New Haven, CT.

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2023
01

During 2023, the foundation made grants to several mission-aligned organizations.

$1.9Mprogram 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
Total grants receivedfrom 1 funder$11K
Grants paid · 25 grants · $3.3M · 2023–2024
Thomas Aquinas CollegeCA · FY2024$500,000
Catholic Leadership InstitutePA · FY2024$500,000
Napa InstituteCA · FY2024$100,000
EwtnAL · FY2024$100,000
Becket FundDC · FY2024$100,000
Thomistic InstituteDC · FY2024$25,000
Hippocratic SocietyNC · FY2024$25,000
Live ActionVA · FY2024$25,000
Communio Foundation INCVA · FY2024$10,000
Thomas Aquinas CollegeCA · FY2023$500,000
Catholic Leadership InstitutePA · FY2023$500,000
Becket FundDC · FY2023$100,000
See all 25 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$8
Money outPt IX
$2.2M
Ln 25
Programscol B$1.9M
Managementcol C$299K
Owns and owesPt X
−$3K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$34K
LiabilitiesLn 26$37K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$8
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
SavingsLn 2$34K
Cash and savings togetherLn 1–2$34K
Total assetsLn 16$34K
LiabilitiesLn 26$37K
Net assetsLn 32−$3K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$50K$34K
Total assetsLn 16$50K$34K
LiabilitiesLn 26$0$37K
Net assetsLn 32$50K−$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Grants and assistance to foreign recipientsLn 3$100K$100K
Other salaries and wagesLn 7$61K$61K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$35K$35K
Other fees for servicesLn 11g$103K$103K
Office expensesLn 13$1K$1K
TravelLn 17$72K$72K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$2.2M$1.9M$299K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$1.8M$881K$878K 990 PDF
FY2023 Viewing $2.1M$2.2M−$53K−$3K 990 PDF
FY2022 $200K$150K$50K$50K 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 FY2023 990 (6 parts)
Part I · Summary $2,100,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $200,000$2,100,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18$8
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $200,018$2,100,008
I-13 Grants and similar amounts paidPrior year $150,000$1,854,150
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$70,094
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$228,613
I-18 Total expensesPrior year $150,000$2,152,857
I-19 Revenue less expensesPrior year $50,018−$52,849
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,100,008 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,100,000
VIII-1h Total contributions, gifts and grants$2,100,000
VIII-3 Investment incomeExcluded from tax $8$8
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8$2,100,008
Part IX · Statement of functional expenses $2,152,857 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $1,754,150$1,754,150
IX-3 Grants and assistance to foreign recipientsPrograms $100,000$100,000
IX-7 Other salaries and wagesManagement $61,363$61,363
IX-9 Other employee benefitsManagement $3,790$3,790
IX-10 Payroll taxesManagement $4,941$4,941
IX-11b Legal feesManagement $34,877$34,877
IX-11g Other fees for servicesManagement $103,304$103,304
IX-13 Office expensesManagement $1,045$1,045
IX-17 TravelManagement $71,794$71,794
IX-19 Conferences, conventions and meetingsManagement $1,400$1,400
IX-24 Other expenses (24a–d)Management $16,193$16,193
IX-25 Total functional expensesPrograms $1,854,150 · Management $298,707 · Fundraising $0$2,152,857
Part X · Balance sheet $33,767 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $50,018$33,767
X-16 Total assetsStart of year $50,018$33,767
X-17 Accounts payable and accrued expensesStart of year $0$34,404
X-26 Total liabilitiesStart of year $0$36,598
X-27 Net assets without donor restrictionsStart of year $50,018−$2,831
X-32 Total net assets or fund balancesStart of year $50,018−$2,831
X-33 Total liabilities and net assetsStart of year $50,018$33,767
Part XI · Reconciliation of net assets −$2,831 net assets at year end
XI-1 Total revenue$2,100,008
XI-2 Total expenses$2,152,857
XI-3 Revenue less expenses−$52,849
XI-4 Net assets at start of year$50,018
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,831

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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