Michelle Rima Memorial Scholarship
Michelle Rima Memorial Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STRAWBERRY POINT, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $62K in total assets. In 2024, it awarded 7 grants totaling $7K. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$62K
-4.7% YoY
Annual Giving
$7K
+16.7% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Michelle Rima Memorial Scholarship reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Michelle Rima Memorial Scholarship
Based on IRS filings
Michelle Rima Memorial Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STRAWBERRY POINT, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $62K in total assets. In 2024, it awarded 7 grants totaling $7K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $61,957 | $65,042 | $67,423 |
| Revenue | $3,987 | $3,689 | $1,806 |
| Expenses | $7,072 | $6,070 | $7,066 |
| Qualifying Distributions | $7,000 | $6,000 | $7,000 |
| Net Investment Income | $1,678 | $1,460 | $697 |
| Distributable Amount | $3,104 | $3,242 | $3,440 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Keelie Curtis ($1,000), Alyssa Kleinlen ($1,000), Kylie Cumberland ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KEELIE CURTIS AURORA, IA | SCHOLARSHIP | $1,000 |
| ALYSSA KLEINLEN STRAWBERRY POINT, IA | SCHOLARSHIP | $1,000 |
| KYLIE CUMBERLAND LAMONT, IA | SCHOLARSHIP | $1,000 |
| MARY MEADE STRAWBERRY POINT, IA | SCHOLARSHIP | $1,000 |
| ABIGAIL KROGMANN DUNDEE, IA | SCHOLARSHIP | $1,000 |
| ELLEN OTTESON STRAWBERRY POINT, IA | SCHOLARSHIP | $1,000 |
| ADDISON POPHAM STRAWBERRY POINT, IA | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK RIMA | PRESIDENT | — | — |
| JARED RIMA | VICE PRESIDE | — | — |
| DEBRA RIMA | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michelle Rima Memorial Scholarship?
Michelle Rima Memorial Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in STRAWBERRY POINT, IA. It holds $62K in total assets as of 2024.
How large is Michelle Rima Memorial Scholarship?
As of 2024, Michelle Rima Memorial Scholarship holds $62K in total assets with $4K in annual revenue. It awarded 7 grants totaling $7K in 2024.
Where does Michelle Rima Memorial Scholarship operate?
Michelle Rima Memorial Scholarship has awarded grants in Iowa.
What size grants does Michelle Rima Memorial Scholarship award?
In 2024, Michelle Rima Memorial Scholarship awarded 7 grants totaling $7K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Michelle Rima Memorial Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michelle Rima Memorial Scholarship reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michelle Rima Memorial Scholarship's EIN?
Michelle Rima Memorial Scholarship's EIN (Employer Identification Number) is 26-0164317. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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