Rolls-Royce Foundation
- Assets
- $2.2m
- Revenue
- $249.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mechanicsburg, PA
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 23-2904195
Organization Overview
Rolls-Royce Foundation is located in Mechanicsburg, PA. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rolls-Royce 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 12/2023, Rolls-Royce Foundation generated $249.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $182.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO THE HERITAGE OF ROLLS-ROYCE AND BENTLEY MOTORCARS THROUGH EDUCATION, COMMUNITY ENGAGEMENT, WORLD-WIDE RESEARCH, AND PRESERVATION OF HISTORICALLY SIGNIFICANT ACQUISITIONS FOR PUBLIC DISPLAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUTOS AND AUTO PARTS DONATED TO FOUNDATION ARE REFURBISHED FOR COLLECTION AND SOMETIMES RESALE.
VARIOUS OTHER SMALL PROGRAM SERVICES.
SCHOLARSHIP GRANTS
FOUNDATION COMMITTED TO MAINTAINING A MUSEUM TO DISPLAY COLLECTION FOR ROLLS-ROYCE AND BENTLEY MOTOR CARS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lizewskie Executive Di | Officer | 10 | $0 |
Millie Horton Director | Trustee | 1 | $0 |
Ronald Deguffroy Past Chairma | OfficerTrustee | 1 | $0 |
Gil Fuqua Chairman | OfficerTrustee | 1 | $0 |
Al Briseno II Secretary | OfficerTrustee | 1 | $0 |
Jon Waples Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,580 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,400 |
| Noncash contributions included in lines 1a–1f | $120,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,980 |
| Total Program Service Revenue | $10,523 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,599 |
| Net Income from Fundraising Events | $49,660 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,534 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,004 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $66,000 |
| Fees for services: Legal | $5,535 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,006 |
| Office expenses | $14,825 |
| Information technology | $3,469 |
| Royalties | $0 |
| Occupancy | $29,670 |
| Travel | $1,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,859 |
| Insurance | $17,041 |
| All other expenses | $1,974 |
| Total functional expenses | $182,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,784 |
| Prepaid expenses and deferred charges | $5,922 |
| Net Land, buildings, and equipment | $312,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,770,577 |
| Total assets | $2,179,995 |
| Accounts payable and accrued expenses | $7,288 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,288 |
| Net assets without donor restrictions | $2,172,707 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,179,995 |