Form 990 for tax year 2023

Totals

Total revenue

$8,036,477

Total expenses

$7,153,298

Contributions and grants received

$7,665,475

Grants paid

$7,081,090

Program service revenue

$0

Investment income

$371,002

Other revenue

$0

Total assets, end of year

$16,170,213

Total liabilities, end of year

$844,263

Net assets or fund balances, end of year

$15,325,950

Program services expenses (Part IX)

$7,116,590

Management and general expenses

$36,708

Fundraising expenses

$0

Program service expenses (Part III)

$7,116,590

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• POWER OF LOVE (FKA BIRDIES FORE LOVE): IN 2023, RSM US FOUNDATION TEAMED WITH THE DAVIS LOVE FOUNDATION FOR THE ELEVENTH ANNUAL POWER OF LOVE CAMPAIGN. ORIGINATED BY THE DAVIS LOVE FOUNDATION, THE CAMPAIGN HAS GENERATED FINANCIAL SUPPORT FOR MANY CHARITIES HELPING CHILDREN AND FAMILIES IN THE SOUTHEAST. WITH RSM US FOUNDATION'S SUPPORT, POWER OF LOVE HAS EXPANDED ITS REACH TO INCLUDE CHARITIES FOCUSED ON CHILDREN AND FAMILIES ACROSS THE UNITED STATES, CANADA, INDIA, AND EL SALVADOR. IN 2023, MORE THAN $3.5 MILLION WAS RAISED TO BENEFIT OVER 100 CHARITIES. IN ADDITION TO FINANCIAL SUPPORT, MORE THAN 7,000 RSM EMPLOYEES AND THEIR FAMILY MEMBERS SPENT 30,700 HOURS VOLUNTEERING ACROSS THE UNITED STATES, CANADA, INDIA, AND EL SALVADOR.

  Expenses $3,583,228 · Grants $3,547,728

• UNIVERSITY GIVING: RSM US FOUNDATION IS FOCUSED ON ENHANCING EDUCATION FOR TOMORROW'S MIDDLE MARKET LEADERS. IN 2023, OVER 90 COLLEGES AND UNIVERSITIES AND 50 ELIGIBLE INDIVIDUALS RECEIVED GRANTS AND SCHOLARSHIPS.

  Expenses $1,340,660 · Grants $1,340,660

• NATIONAL CHARITIES: GRANT SUPPORT TO NATIONAL CHARITIES WHOSE MISSION ALIGNS WITH THE MISSION OF THE RSM US FOUNDATION OF EDUCATION, HOUSING, OR HEALTH.

  Expenses $769,108 · Grants $769,108

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $663,625 · Grants $663,625

• CULTURE, DIVERSITY, AND INCLUSION (CDI): IN 2023, THE CDI IMPACT FUND FUNDED EDUCATIONAL SCHOLARSHIPS FOR STUDENTS FROM UNDERREPRESENTED POPULATIONS PURSUING AN EDUCATION IN ACCOUNTING, BUSINESS OR TECHNOLOGY. THE FUND ALSO EXPANDED ITS EFFORTS DURING THE YEAR BY PROVIDING 19 GRANTS TO ORGANIZATIONS THAT ALIGN WITH RSM FOUNDATION'S MISSION.

  Expenses $258,802 · Grants $258,802

• COMMUNITY IMPACT FUND: THROUGH THE COMMUNITY IMPACT FUND, RSM US FOUNDATION PROVIDES GRANTS TO LOCAL CHARITIES RECOMMENDED BY RSM US LLP EMPLOYEES. THE PURPOSE OF THESE GRANTS IS TO AMPLIFY RSM EMPLOYEE GROUP FUNDRAISING EFFORTS AND/OR RELATIONSHPS WITH LOCAL CHARITIES. ALL GRANTS GO TO CHARITIES WHOSE MISSION ALIGNS TO THE MISSION OF RSM US FOUNDATION.

  Expenses $299,436 · Grants $299,436

• ALL OTHER PROGRAMS

  Expenses $201,731 · Grants $201,731

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• BOYS & GIRLS CLUBS OF AMERICA

  $253,000

  YOUTH EDUCATION - WORKFORCE READINESS PROGRAM SUPPORT

• THE MGH INSTITUTE OF HEALTH PROFESSIONS INC

  $236,393

  YOUTH HEALTH - POWER OF LOVE GRANT

• UNITED WAY OF CENTRAL IOWA

  $180,644

  YOUTH EDUCATION - POWER OF LOVE GRANT

• UNITED WAY OF CENTRAL ALABAMA INC

  $158,636

  YOUTH EDUCATION - POWER OF LOVE GRANT

• ACHIEVE TWIN CITIES

  $111,807

  YOUTH EDUCATION - POWER OF LOVE GRANT

• ACTIVE MINDS INC

  $100,000

  YOUTH HEALTH SUPPORT

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $100,000

  YOUTH EDUCATION - RSM SHOT AT COLLEGE SUPPORT

• AMERICAN NATIONAL RED CROSS

  $100,000

  DISASTER RELIEF - PLANNING AND PREPARDENESS GRANT

• CITY SQUASH INC

  $92,356

  YOUTH EDUCATION - POWER OF LOVE GRANT

• YOUTHCARE

  $80,228

  YOUTH HOUSING - POWER OF LOVE GRANT

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

15 November 2024

IRS schema version

2023v5.1

Source object

202433209349310263

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.