RS Foundation is a private foundation focused on Employment, based in Ooltewah, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $140K in total assets. In 2024, it awarded 13 grants totaling $149K. Net investment income was $4K.
Key facts about RS Foundation
- EIN
- 52-2109630
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $149,487
- Grants made (2024)
- 13
- Average grant
- $11,499
- Median grant
- $10,000
- New grantees (estimate)
- 69% first-time grantees (9 of 13, 2024)
- Total assets
- $140,414
- Primary geography
- Tennessee (40% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who RS Foundation funds
By grant dollars, the top recipient states for RS Foundation's 13 itemized 2024 grants were Tennessee (40%), Maryland (27%) and Virginia (10%). The most frequent recipient cities were Ooltewah, TN (3 grants) and Collegedale, TN (2 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "Create an Awareness of the Need for Education" (6 grants) and "Create an Awareness of the Need for Religion" (4 grants).
Is RS Foundation open to new grantees?
69%
first-time grantees, 2024
In 2024, 9 of 13 grantees (69%) were first-time recipients. First grants averaged $9K; repeat grants $16K. How we count
Medians: $5K first-time, $14K repeat.
- 31% of 2024 grantees were also funded in 2023. Method
- Giving grew 82% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with RS Foundation
- How to evaluate RS Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$140K
-39.2% YoY
Annual Giving
$149K
+40.2% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$11K
-2.9% YoY
Under IRS private-foundation payout rules, RS Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About RS Foundation
Based on IRS filings
RS Foundation is a private foundation focused on Employment, based in Ooltewah, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $140K in total assets. In 2024, it awarded 13 grants totaling $149K. Net investment income was $4K.
Focus Areas
Ready to take the next step with RS Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $140,414 | $231,049 | $70,211 |
| Revenue | $64,893 | $278,274 | $131,135 |
| Expenses | $155,546 | $113,530 | $94,517 |
| Qualifying Distributions | $149,487 | $106,627 | $87,846 |
| Net Investment Income | $3,777 | $434 | — |
| Distributable Amount | $9,094 | $6,788 | $2,254 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Ghrow Foundation Inc ($26,625), Ooltewah Sda Church ($25,000), Gram Jagat ($17,955).
| Recipient | Purpose | Amount |
|---|---|---|
| GHROW FOUNDATION INC Columbia, MD | CREATE AN AWARENESS OF THE NEED FOR EDUCATION | $26,625 |
| OOLTEWAH SDA CHURCH Ooltewah, TN | CREATE AN AWARENESS OF THE NEED FOR RELIGION | $25,000 |
| GRAM JAGAT | PROMOTE EDUCATION IN INDIA | $17,955 |
| OOLTEWAH ADVENTIST SCHOOL Ooltewah, TN | CREATE AN AWARENESS OF THE NEED FOR EDUCATION | $15,200 |
| SHENANDOAH VALLEY ACADEMY New Market, VA | CREATE AN AWARENESS OF THE NEED FOR EDUCATION | $15,000 |
| ASIA PACIFIC CAREER DEVELOPMENT Baldwin, MD | SHARING CAREER DEVELOPMENT IDEAS IN ASIA PACIFIC | $13,001 |
| COLLEGEDALE ACADEMY Collegedale, TN | CREATE AN AWARENESS OF THE NEED FOR EDUCATION | $10,000 |
| FOSTER CHURCH Asheville, NC | CREATE AN AWARENESS OF THE NEED FOR RELIGION | $10,000 |
| SOUTHERN ADVENTIST UNIVERSITY Collegedale, TN | CREATE AN AWARENESS OF THE NEED FOR EDUCATION | $5,000 |
| EDGEMERE SDA CHURCH Priest River, ID | CREATE AN AWARENESS OF THE NEED FOR RELIGION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David M Reile | Treasurerdirector | 10 | — |
| Barbara H Suddarth | Presidentexecutive Director | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is RS Foundation?
RS Foundation is a private foundation focused on Employment, based in Ooltewah, TN. It holds $140K in total assets as of 2024.
How large is RS Foundation?
As of 2024, RS Foundation holds $140K in total assets with $65K in annual revenue. It awarded 13 grants totaling $149K in 2024.
Where does RS Foundation operate?
RS Foundation has awarded grants in Idaho, Illinois, Maryland, North Carolina, Tennessee, Virginia.
What size grants does RS Foundation award?
In 2024, RS Foundation awarded 13 grants totaling $149K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is RS Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, RS Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is RS Foundation's EIN?
RS Foundation's EIN (Employer Identification Number) is 52-2109630. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.