Rock Foundation
- Assets
- $974.2k
- Revenue
- $42.9k
- Investments
- $896.9k
- Employees
- 0
- Location
- Midlothian, VA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8164535
Organization Overview
Rock Foundation is located in Midlothian, VA. The organization was established in 2007. 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. Rock Foundation 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, Rock Foundation generated $42.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $124.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rock Foundation has awarded 56 individual grants totaling $301,685. 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
THE ROCK FOUNDATION MAKES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita M Smith President/treasurer/direct | 2 | $6,393 | |
Maureen J Denlea Vp/secretary/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $32,388 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,452 |
| Capital Gain Net Income | $10,452 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,393 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,305 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $23,497 |
| Contributions, gifts, grants paid | $100,685 |
| Total expenses and disbursements | $124,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,609 |
| Savings and temporary cash investments | $70,716 |
| 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 | $599,529 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $974,176 |
| 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, Rock Foundation has awarded $100,685 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BON SECOURS RICHMOND HEALTH CARE FOUNDATION PURPOSE: TECHNOLOGY NURSING SCHOOL | $5,000 |
ELIJAH HOUSE ACADEMY PURPOSE: GRANT FOR SCHOLARSHIP ASSISTANCE | $6,000 |
COMMONWEALTH CATHOLIC CHARITIES PURPOSE: GRANT FOR BUILDING FUND I/M/O EDWARD M. SMITH | $5,000 |
VCU ARTS PURPOSE: GRANT FOR CAPSTONE PROJECTS | $25,000 |
CAPITAL TREES PURPOSE: GRANT FOR PROGRAM SUPPORT | $5,000 |
FRIENDS OF HOLLYWOOD CEMETERY PURPOSE: GRANT FOR PROJECT SUPPORT | $5,000 |