Civic Intelligence

Rumie Initiative Inc.

990 • Fiscal year 2016 • EIN 46-3918665

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

Organization Profilerumie.org
51 Louisiana Avenue NWWashington, DC 20001

(647) 824-9843

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

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

2016 filings • NTEE A68 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.00x

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

2016 filings • NTEE A68 • <$500k nonprofits • Source year 2016

Net Margin

5th percentile

-54%

Higher net margin than 5% of similar nonprofits.

2016 filings • NTEE A68 • <$500k nonprofits • Source year 2016

Top Officer Pay

64th percentile

$0

Higher top officer pay than 64% of similar nonprofits.

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

2016 filings • NTEE A68 • <$500k nonprofits • Source year 2016

Asset Growth

1st percentile

-95%

Faster asset growth than 1% of similar nonprofits.

2016 filings • NTEE A68 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • NTEE A68 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$2,390

Down $43,624 (-95%) from 2015

Net Assets

Down

$2,390

Down $33,578 (-93%) from 2015

Liabilities

Down

$0

Down $10,046 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin5th percentile

Revenue

Down

$80,611

Down $101,556 (-56%) from 2015

Expenses

Down

$124,235

Down $92,708 (-43%) from 2015

Net Income

Down

-$43,624

Down $8,848 (-25%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2014: $70,229Liabilities 2014: $02014Assets 2015: $46,014Liabilities 2015: $10,046Net Assets 2015: $35,9682015Assets 2016: $2,390Liabilities 2016: $0Net Assets 2016: $2,3902016Assets 2017: $13,792Liabilities 2017: $0Net Assets 2017: $13,7922017Assets 2018: $23,169Liabilities 2018: $0Net Assets 2018: $23,1692018Assets 2019: $39,874Liabilities 2019: $0Net Assets 2019: $39,8742019Assets 2020: $47,513Liabilities 2020: $0Net Assets 2020: $47,5132020Assets 2021: $110,541Liabilities 2021: $0Net Assets 2021: $110,5412021Assets 2022: $293,269Liabilities 2022: $0Net Assets 2022: $293,2692022Assets 2023: $313,725Liabilities 2023: $0Net Assets 2023: $313,7252023Assets 2024: $345,661Liabilities 2024: $0Net Assets 2024: $345,6612024

Highlighted filing

2016

Assets$2,390
Liabilities$0
Net Assets$2,390
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $85,290Expenses 2014: $15,061Net Income 2014: $70,2292014Revenue 2015: $182,167Expenses 2015: $216,943Net Income 2015: -$34,7762015Revenue 2016: $80,611Expenses 2016: $124,235Net Income 2016: -$43,6242016Revenue 2017: $11,402Expenses 2017: $0Net Income 2017: $11,4022017Revenue 2018: $9,377Expenses 2018: $0Net Income 2018: $9,3772018Revenue 2019: $16,892Expenses 2019: $187Net Income 2019: $16,7052019Revenue 2020: $15,300Expenses 2020: $7,661Net Income 2020: $7,6392020Revenue 2021: $96,136Expenses 2021: $33,108Net Income 2021: $63,0282021Revenue 2022: $182,927Expenses 2022: $199Net Income 2022: $182,7282022Revenue 2023: $20,500Expenses 2023: $44Net Income 2023: $20,4562023Revenue 2024: $32,000Expenses 2024: $64Net Income 2024: $31,9362024

Highlighted filing

2016

Revenue$80,611
Expenses$124,235
Net Income-$43,624
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$80,611
Mission and Program Overview

Mission

The Rumie Initiative's mission is to enhance access to education for children in developing countries as well as low-income or underprivileged children in developed countries.

The Rumie Initiative's mission is to enhance access to education for children in developing countries as well as low-income/ underprivileged children in developed countries. This is achieved by supporting the provision of low-cost tablets pre-loaded with a library of high-quality educational resources to youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,014$2,390▼ $43,624
Total Assets$46,014$2,390▼ $43,624
Liabilities
Deferred Revenue$10,046--
Total Liabilities$10,046$0▼ $10,046
Net Assets / Fund Balance
Unrestricted Net Assets$35,968$2,390▼ $33,578
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$35,968$2,390▼ $33,578
Total Liabilities and Net Assets / Fund Balance$46,014$2,390▼ $43,624
Compensation and Service Providers
Top Officer Pay64th percentile

Board Members and Trustees

NameTitle
Javade ChaudhriChair of the Board
Emily FineDirector
Tariq FancyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$80,611
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$80,611
Change in Net Assets
$-43,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,180
Other Expenses$55
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$124,180--$124,180
Office Expenses$55--$55
Total Functional Expenses$124,235$0$0$124,235
International Activity

International Summary

Offices
0
Employees
0
Spending
$124,180

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (including Canada and Mexico, but not the United States)Grantmaking-00$124,180
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Board Member Tariq Fancy is the nephew of Board Member Javade Chaudhri.”

Form 990, Part VI, Section A, Line 6

“There are three members of the organization.”

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

“Members are able to vote to appoint new Members and new Directors.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have committees.”

Form 990, Part VI, Section A, Line 9

“Javade Chaudhri, Jones Day 51 Louisiana Ave, NW, Washington DC 20001-2113 Emily Fine, MHR Fund Management, 1345 Avenue of the Americas, 42nd Floor, New York, NY 10105”

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

“The Form 990 is sent to Board Members via email. They review the document and raise any questions with the Chair of the Board.”

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

“The Board members and key employees are asked to review and sign the policy annually. In addition, they review the policy and note any conflicts in advance of every Board meeting.”

Form 990, Part VI, Section C, Line 19

“These documents are available to any members of public that requests the information. Contact details for the organization are found on the organization's website. The organization promptly responds to any requests from the public.”

Filing and Contact Details

Filer

Filer Name
Rumie Initiative Inc
EIN
46-3918665
Phone
6478249843
Address
51 Louisiana Avenue NW, Washington, DC 20001

Signing Officer

Name
Christy Moorhead
Title
COO
Phone
6479296823
Signed
2017-11-01

Organization Details

Principal Officer
Tariq Fancy
Formed
2013
Legal Domicile
De
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
10
Raw XML Appendix389 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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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Providing educational materials to under privileged children on low-cost tablet hardware.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0North America (including Canada and Mexico, but not the United States)
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Monitoring of Funds: Grantee submits annual reports that include a narrative description of Grantee's activities during the year, an itemized accounting of the uses of Grantee's funds during the year, and detailed information on Grantee's finances and operations during the year. After the end of the grant term, Grantee submits a final report to Rumie. This report includes a narrative description of Grantee's activities during the grant term, an itemized accounting of the uses of Grantee's funds, detailed information on Grantee's finances and operations during the grant term, and a determination of whether any of the Grant was unspent as of the end of the grant term. Grantee also provides additional details reports or documentation at request. Accounting Method: The Rumie Initiative uses the accrual accounting method.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0124180
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Cash Grant
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0The Rumie Initiative
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02016-09-07
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0126235
IRS990ScheduleN/DispositionOfAssetsDetail/ForeignAddress/AddressLine1Txt010 Dundas Street East
IRS990ScheduleN/DispositionOfAssetsDetail/ForeignAddress/AddressLine2Txt06th Floor
IRS990ScheduleN/DispositionOfAssetsDetail/ForeignAddress/CityNm0Toronto
IRS990ScheduleN/DispositionOfAssetsDetail/ForeignAddress/CountryCd0CA
IRS990ScheduleN/DispositionOfAssetsDetail/ForeignAddress/ForeignPostalCd0M5B 2G9
IRS990ScheduleN/DispositionOfAssetsDetail/ForeignAddress/ProvinceOrStateNm0ON
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0Foreign Charity
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0NA
IRS990ScheduleN/EmployeeOfSuccessor2Ind01
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Tariq Fancy, who is a Board director became the CEO of the organization that received a grant.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule N, Part II, Line 2
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Member Tariq Fancy is the nephew of Board Member Javade Chaudhri.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are three members of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members are able to vote to appoint new Members and new Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not have committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Javade Chaudhri, Jones Day 51 Louisiana Ave, NW, Washington DC 20001-2113 Emily Fine, MHR Fund Management, 1345 Avenue of the Americas, 42nd Floor, New York, NY 10105
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Form 990 is sent to Board Members via email. They review the document and raise any questions with the Chair of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board members and key employees are asked to review and sign the policy annually. In addition, they review the policy and note any conflicts in advance of every Board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7These documents are available to any members of public that requests the information. Contact details for the organization are found on the organization's website. The organization promptly responds to any requests from the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046014
IRS990/TotalAssetsEOYAmt02390
IRS990/TotalAssetsGrp/BOYAmt046014
IRS990/TotalAssetsGrp/EOYAmt02390
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt080611
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0124235
IRS990/TotalFunctionalExpensesGrp/TotalAmt0124235
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010046
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt010046
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035968
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02390
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0124235
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080611
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046014
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02390
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt035968
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02390
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0rumie.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Christy Moorhead
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO
ReturnHeader/BusinessOfficerGrp/PhoneNum06479296823
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUMIE INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0RUMI
ReturnHeader/Filer/EIN0463918665
ReturnHeader/Filer/PhoneNum06478249843
ReturnHeader/Filer/USAddress/AddressLine1Txt051 Louisiana Avenue NW
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020001
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.247.21.53
ReturnHeader/ReturnTs02017-11-09T18:44:47-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,390
Liabilities
$0
Net assets
$2,390
Revenue
$80,611
Expenses
$124,235
Net income
-$43,624
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.32$0.00$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.14$0.00$3.14$0.21$0.00$0.20
2022Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$1.83$0.00$1.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.00$1.11$0.96$0.33$0.63
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.15$0.08$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.17$0.00$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.09$0.00$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.11$0.00$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.81$1.24$0.44
2015Summary only. Only limited summary data is available for this year.$0.46$0.10$0.36$1.82$2.17$0.35
2014Summary only. Only limited summary data is available for this year.$0.70$0.00$0.85$0.15$0.70