Civic Intelligence

Alex Rust Memorial Fund Inc.

EIN 83-1576359 • 501(c)3 • Seymour, IN

Pub. 78 Eligible990-N Coverage

Profile

To empower kids around the world to chase their dreams.

8256 N Base RoadSeymour, IN 47274

www.chasingbubbles.org

Siviq Scores

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

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.67x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

50th percentile

1.5%

Higher net margin than 50% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k 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 / Assets84th percentile

Assets

$137,282

No earlier filing loaded for comparison.

Liabilities

$36,000

No earlier filing loaded for comparison.

Net Assets

$101,282

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue93rd percentileNet Margin50th percentile

Revenue

$53,994

No earlier filing loaded for comparison.

Expenses

$53,206

No earlier filing loaded for comparison.

Net Income

$788

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: $137,282Liabilities 2024: $36,000Net Assets 2024: $101,2822024

Highlighted filing

2024

Assets$137,282
Liabilities$36,000
Net Assets$101,282
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60K$40K$20K$0Revenue 2024: $53,994Expenses 2024: $53,206Net Income 2024: $7882024

Highlighted filing

2024

Revenue$53,994
Expenses$53,206
Net Income$788
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$137,282
Liabilities
$36,000
Net assets
$101,282
Revenue
$53,994
Expenses
$53,206
Net income
$788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$0.36$1.01$0.54$0.53$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$53,994
Mission and Program Overview

Mission

To empower kids around the world to chase their dreams.

Program Services

DescriptionGrantsExpenses
SHARING STORIES - IT ALL BEGINS WITH THE STORY OF ALEX RUST AND S/V BUBBLES. THROUGH OUR DOCUMENTARY, EVENTS, AND STORYTELLING, WE SPARK CURIOSITY AND SHOW WHAT'S POSSIBLE WHEN YOU DARE TO CHASE A DREAM.EMPOWERING ACTION - FROM REGATTAS TO ADVENTUROUS FUNDRAISERS, WE CREATE OPPORTUNITIES TO GET INVOLVED, CELEBRATE LIFE, AND RAISE SUPPORT FOR THE NEXT GENERATION OF DREAMERS.FULFILLING DREAMS - THROUGH YOUTH SAILING PROGRAMS, DAY CAMPS, AND SCHOLARSHIPS, WE GIVE KIDS DIRECT ACCESS TO THE WATER, TO EDUCATION, AND TO EXPERIENCES THAT EXPAND THEIR SENSE OF WHAT'S POSSIBLE.$0$34,917
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOE RUSTPresidentPT$0--
RUTH ANN HENDRIXSecretaryPT$0--
ALEXUS MORRISTreasurerPT$0--
MORGAN KURTZMarketing ChairPT$0--
EVAN WILLIAMS JRRegatta Chair-$0--
Filing and Contact Details

Filer

Filer Name
Alex Rust Memorial Fund Inc
EIN
83-1576359
Phone
8125522195
Address
8256 N BASE ROAD, SEYMOUR, IN 47274

Signing Officer

Name
Joe Rust
Title
President
Phone
8125522195
Signed
2025-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Blue & Co LLC
Address
4164 CENTRAL AVE, COLUMBUS, IN 47203
Preparer
Sara Jacobi CPA
Phone
8126692800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: administrative expenses. Amount: 8,842. Description: fundraising expenses. Amount: 9,447. Description: program expenses. Amount: 34,917. Total to form 990-ez, line 16: 53,206.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: other depreciable assets. Beg. Of year amount: 120,000. End of year amount: 120,000.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 6,000. Description: loans payable. Beg. Of year amount: 25,000. End of year amount: 30,000.”

Raw XML Appendix160 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOE RUST
IRS990EZ/BooksInCareOfDetail/PhoneNum08125522195
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt08256 N BASE ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SEYMOUR
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd047274
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05494
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt017282
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt053994
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0788
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0125494
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0137282
IRS990EZ/GrossReceiptsAmt053994
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0100494
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0101282
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0100494
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0101282
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOE RUST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RUTH ANN HENDRIX
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ALEXUS MORRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MORGAN KURTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4EVAN WILLIAMS JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MARKETING CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4REGATTA CHAIR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0120000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0120000
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt053206
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO EMPOWER KIDS AROUND THE WORLD TO CHASE THEIR DREAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SHARING STORIES - IT ALL BEGINS WITH THE STORY OF ALEX RUST AND S/V BUBBLES. THROUGH OUR DOCUMENTARY, EVENTS, AND STORYTELLING, WE SPARK CURIOSITY AND SHOW WHAT'S POSSIBLE WHEN YOU DARE TO CHASE A DREAM.EMPOWERING ACTION - FROM REGATTAS TO ADVENTUROUS FUNDRAISERS, WE CREATE OPPORTUNITIES TO GET INVOLVED, CELEBRATE LIFE, AND RAISE SUPPORT FOR THE NEXT GENERATION OF DREAMERS.FULFILLING DREAMS - THROUGH YOUTH SAILING PROGRAMS, DAY CAMPS, AND SCHOLARSHIPS, WE GIVE KIDS DIRECT ACCESS TO THE WATER, TO EDUCATION, AND TO EXPERIENCES THAT EXPAND THEIR SENSE OF WHAT'S POSSIBLE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt034917
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt025000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt036000
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt053206
IRS990EZ/TotalProgramServiceExpensesAmt034917
IRS990EZ/TotalRevenueAmt053994
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CHASINGBUBBLES.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt053994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt075489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt022018
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt015208
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0168064
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47970
IRS990ScheduleA/PublicSupportPY170Pct00.41050
IRS990ScheduleA/PublicSupportTotal170Amt080617
IRS990ScheduleA/SubstantialContributorsTotAmt087447
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt053994
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt075489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt022018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt015208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01355
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0168064
IRS990ScheduleA/TotalSupportAmt0168064
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 8,842. DESCRIPTION: FUNDRAISING EXPENSES. AMOUNT: 9,447. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 34,917. TOTAL TO FORM 990-EZ, LINE 16: 53,206.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 120,000. END OF YEAR AMOUNT: 120,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6,000. DESCRIPTION: LOANS PAYABLE. BEG. OF YEAR AMOUNT: 25,000. END OF YEAR AMOUNT: 30,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE RUST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08125522195
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALEX RUST MEMORIAL FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0ALEX
ReturnHeader/Filer/EIN0831576359
ReturnHeader/Filer/PhoneNum08125522195
ReturnHeader/Filer/USAddress/AddressLine1Txt08256 N BASE ROAD
ReturnHeader/Filer/USAddress/CityNm0SEYMOUR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047274
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351178661
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUE & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04164 CENTRAL AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047203
ReturnHeader/PreparerPersonGrp/PhoneNum08126692800
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARA JACOBI CPA
ReturnHeader/ReturnTs02025-11-14T13:09:02-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.