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Nonprofiteer
← DOW RUMMEL FOUNDATION

Form 990 for tax year 2023

Filed by DOW RUMMEL FOUNDATION.

Totals

Total revenue
$108,743
Total expenses
$41,989
Contributions and grants received
$66,685
Grants paid
$35,474
Program service revenue
$0
Investment income
$42,058
Other revenue
$0
Total assets, end of year
$1,049,775
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,049,775
Program services expenses (Part IX)
$35,474
Management and general expenses
$6,515
Fundraising expenses
$0
Program service expenses (Part III)
$35,474

Program services were 84.5% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $66,685

  • 3 · Investment income

    total $30,634 · excluded $30,634

  • 7a · Gross sales of assets other than inventory

    securities $16,021

  • 7b · Less cost or other basis and sales expenses

    securities $4,597

  • 7c · Gain or loss

    securities $11,424

  • 7d · Net gain or loss

    total $11,424 · excluded $11,424

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,474 · program services $35,474

  • 11f · Fees: investment management

    total $6,515 · management and general $6,515

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $16,500 · end of year $49,816

  • 11 · Investments: publicly traded securities

    beginning of year $307,087 · end of year $339,593

  • 12 · Investments: other securities

    beginning of year $626,120 · end of year $660,366

  • 27 · Net assets without donor restrictions

    beginning of year $323,587 · end of year $389,409

  • 28 · Net assets with donor restrictions

    beginning of year $626,120 · end of year $660,366

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED TO ASSIST OLDER ADULTS AND PROVIDE RELIEF FOR THE ELDERLY IN A SECURE SETTING FOR RETIREMENT LIVING; TO PROVIDE SUPPORT TO THE OPERATIONS OF DOW RUMMEL VILLAGE, AND TO RECEIVE, ACCEPT, HOLD, INVEST, REINVEST, AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES AND PROPERTY OF ANY NATURE, AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF, FOR SUCH PURPOSES.

Activities or mission (Part I)

TO PROVIDE SUPPORT TO DOW RUMMEL VILLAGE AND ITS RESIDENTS.

  • DURING THE FISCAL YEAR ENDED APRIL 30, 2024, THE FOUNDATION RECEIVED AND INVESTED CONTRIBUTIONS FOR THE ULTIMATE BENEFIT OF ELDERLY RESIDENTS OF DOW RUMMEL VILLAGE.

    Expenses $35,474 · Grants $35,474

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Kay Fausch

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Dave Eiesland

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mike Jamison

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sue Roust

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Barry Jaobson

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Charisse Oland

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Linda Haliburton

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Josh Hofmeyer

    CEO

    Total calculated
    $191,185
    From this org
    $0
    From related orgs
    $183,133
    Other
    $8,052
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,077 related
    Bonus
    $0 + $10,056 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,052 related
    Filer's total
    $0 + $191,185 related

  • Kevin Kaufman

    CFO

    Total calculated
    $182,559
    From this org
    $0
    From related orgs
    $172,210
    Other
    $10,349
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,168 related
    Bonus
    $0 + $9,042 related
    Other
    $0
    Deferred
    $0 + $3,584 related
    Nontaxable benefits
    $0 + $6,765 related
    Filer's total
    $0 + $182,559 related

  • Michael Redinger

    CFO (BEG 01/24)

    Total calculated
    $0
    Hours/week
    4 + 50 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE CEO AND CFO WERE COMPENSATED BY A RELATED ORGANIZATION, DOW RUMMEL VILLAGE. DOW RUMMEL COMMUNITY ENHANCEMENT FOUNDATION RELIED ON THE RELATED ORGANIZATION FOR DETERMINING THE COMPENSATION FOR THE CEO AND CFO USING THE METHODS DESCRIBED IN PART I, LINE 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202520509349300912

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