Civic Intelligence

Rings Vs Rent Scholarship Foundation

EIN 32-0430180 • 501(c)3 • Quinton, VA

Profile

Rings vs rent scholarship foundation seeks to provide proactive and increased attention to the timeliness and access to college and career readiness opportunities for students that will counter the aspects of violence in low-income communities. Rings vs rent scholarship foundation aims to accomplish this through a variety of programs in education, recreation, and community outreach.

7524 Cumberland Stn Rd Ste 200Quinton, VA 23141

ubu100.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

75th percentile

23%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

$106,363

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$106,363

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue35th percentileNet Margin75th percentile

Revenue

$536,821

No earlier filing loaded for comparison.

Expenses

$415,603

No earlier filing loaded for comparison.

Net Income

$121,218

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2024: $106,363Liabilities 2024: $0Net Assets 2024: $106,3632024

Highlighted filing

2024

Assets$106,363
Liabilities$0
Net Assets$106,363
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2024: $536,821Expenses 2024: $415,603Net Income 2024: $121,2182024

Highlighted filing

2024

Revenue$536,821
Expenses$415,603
Net Income$121,218
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,363
Liabilities
$0
Net assets
$106,363
Revenue
$536,821
Expenses
$415,603
Net income
$121,218
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$5.37$4.16$1.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 21, 2025
Return Version
2024v5.2
Gross Receipts
$536,821
Mission and Program Overview

Mission

Rings vs rent scholarship foundation seeks to provide proactive and increased attention to the timeliness and access to college and career readiness opportunities for students that will counter the aspects of violence in low-income communities. Rings vs rent scholarship foundation aims to accomplish this through a variety of programs in education, recreation, and community outreach.

Rings vs rent scholarship foundation seeks to provide proactive and increased attention to the timeliness and access to college and career readiness opportunities for students that will counter the aspects of violence in low-income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$-14,855$106,363▲ $121,218
Cash and Non-Interest-Bearing Accounts-$88,043-
Accounts Receivable-$18,320-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$106,363▲ $106,363
Liabilities
Accounts Payable and Accrued Expenses$14,855--
Total Liabilities$14,855$0▼ $14,855
Net Assets / Fund Balance
Total Net Assets Fund Balance$-14,855$106,363▲ $121,218
Total Liabilities and Net Assets / Fund Balance$0$106,363▲ $106,363
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Michael L BaileyPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$536,821
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,798
Change in Net Assets
$121,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$269,876
Salaries, Compensation, and Employee Benefits$144,622
Grants and Similar Amounts Paid$1,105
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,895$14,211-$142,106
Office Expenses$85,675$9,519-$95,194
Fees for Services Other$23,118$555-$23,673
Occupancy$6,300--$6,300
Advertising$4,990--$4,990
Payroll Taxes$2,264$252-$2,516
Grants to Domestic Individuals$1,000--$1,000
Travel$398--$398
Other Expenses$277$31-$308
Grants to Domestic Orgs$105--$105
Total Functional Expenses$377,134$38,469$0$415,603
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

“Third-party professionals are consulted for governance decisions of the organization.”

Form 990, Part VI, Section B, Line 11B

“Each director reviewed and signed-off on the financial statements and form 990 before filing.”

Form 990, Part VI, Section B, Line 12C

“At least annually each director is asked about potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“Compensation for employees and independent contractors is set by the board of directors with validation by third-party professionals.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policy and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Rings Vs Rent Scholarship Foundation
EIN
32-0430180
Phone
8045572648
Address
7524 CUMBERLAND STN RD STE 200, QUINTON, VA 23141

Signing Officer

Name
Michael L Bailey
Title
President
Phone
8045572648
Signed
2025-07-21
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Va
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Prosport Accountants LLC
Address
7524 CUMBERLAND STN RD STE 200, QUINTON, VA 23141
Preparer
John Karaffa
Phone
8045572648
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Process has not changed from the prior year.”

Raw XML Appendix292 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Document Assets

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