Rollstone Charitable Foundation Inc
- Assets
- $2.4m
- Revenue
- $90.7k
- Investments
- $2.1m
- Employees
- 0
- Location
- Fitchburg, MA
- Founding
- 06/2005
- Data as of
- 12/2022
- EIN
- 20-2843188
Organization Overview
Rollstone Charitable Foundation Inc is located in Fitchburg, MA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rollstone Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rollstone Charitable Foundation Inc generated $90.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $228.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Rollstone Charitable Foundation Inc has awarded 252 individual grants totaling $1,233,396. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin F Connors Jr President/director | 1 | $0 | |
Christopher J Seidlich Treasurer | 1 | $0 | |
Sheri L Jordan Asst. Treasurer/clerk | 1 | $0 | |
Anthony J Mercadante Director | 1 | $0 | |
David M Christianson Jr Director | 1 | $0 | |
Brian T Anderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $206 |
| Dividends & Interest | $47,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,785 |
| Capital Gain Net Income | $35,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $90,697 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,317 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,571 |
| Total operating and administrative expenses | $43,518 |
| Contributions, gifts, grants paid | $185,097 |
| Total expenses and disbursements | $228,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,910 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $228,400 |
| Other assets | $0 |
| Total assets | $2,388,319 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rollstone Charitable Foundation Inc has awarded $352,429 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF MASSACHUSETTS PURPOSE: EXEMPT PURPOSE | $5,000 |
ANNA MARIA COLLEGE PURPOSE: EXEMPT PURPOSE | $2,000 |
ASHBURNHAM WESTMINSTER FOUNDATION PURPOSE: EXEMPT PURPOSE | $1,000 |
BATALLAS ELECTRIC PURPOSE: EXEMPT PURPOSE | $1,158 |
BERNARDIAN CHARITABLE FOUNDATION PURPOSE: EXEMPT PURPOSE | $5,000 |
CARE NET PRC FITCHBURG PURPOSE: EXEMPT PURPOSE | $500 |