Rowland Foundation Inc
- Assets
- $0.0
- Revenue
- $2.7m
- Investments
- $31.4m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 12/2008
- Data as of
- 06/2021
- EIN
- 26-2698626
Organization Overview
Rowland Foundation Inc is located in Burlington, VT. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rowland 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 06/2021, Rowland Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $837.5k during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rowland Foundation Inc has awarded 51 individual grants totaling $3,654,544. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Scranton Ex Dir/trustee | 40 | $155,000 | |
Caitlin Steele Trustee | 1 | $0 | |
Erica Wallstrom Trustee | 1 | $0 | |
Carter Rawson Secretary | 1 | $0 | |
Heidi Lynn President | 1 | $0 | |
John A Shepard Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $611,165 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,745 |
| Total Revenue | $2,710,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $11,415 |
| Travel, conferences, and meetings | $8,474 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $307,502 |
| Contributions, gifts, grants paid | $530,000 |
| Total expenses and disbursements | $837,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,905 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,126 |
Grants Awarded
Over the last fiscal year, Rowland Foundation Inc has awarded $530,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
U-32 HIGH SCHOOL PURPOSE: ROWLAND FELLOWSHIP | $100,000 |
Manchester, VT PURPOSE: ROWLAND FELLOWSHIP | $100,000 |
MILL RIVER UNION HIGH SCHOOL PURPOSE: ROWLAND FELLOWSHIP | $100,000 |
MILTON HIGH SCHOOL PURPOSE: ROWLAND FELLOWSHIP | $100,000 |
CHAMPLAIN VALLEY UNION HIGH SCHOOL PURPOSE: ROWLAND FELLOWSHIP | $50,000 |
Shelburne, VT PURPOSE: ROWLAND FELLOWSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |