Rowland Foundation
- Assets
- $2.1m
- Revenue
- $90.1k
- Investments
- $2.1m
- Employees
- 0
- Location
- Lorain, OH
- Founding
- 10/2000
- Data as of
- 12/2022
- EIN
- 34-1932579
Organization Overview
Rowland Foundation is located in Lorain, OH. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Rowland 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, Rowland Foundation generated $90.1k 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 (3.4%) each year. All expenses for the organization totaled $151.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rowland Foundation has awarded 69 individual grants totaling $547,339. 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 |
|---|---|---|---|
Jim Park Treasurer | 1 | $0 | |
Carla Park President | 1 | $0 | |
John Taylor Trustee | 0.25 | $0 | |
Kitte Taylor Vice-President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $12 |
| Dividends & Interest | $70,460 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,628 |
| Capital Gain Net Income | $15,628 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,019 |
| Total Revenue | $90,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $526 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,377 |
| Total operating and administrative expenses | $24,103 |
| Contributions, gifts, grants paid | $127,500 |
| Total expenses and disbursements | $151,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,434 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $2,130,448 |
| 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, Rowland Foundation has awarded $127,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DAILY AUDIO BIBLE PURPOSE: TO ENHANCE CHRISTIAN TEACHING | $2,000 |
CHRIST CHURCH WESTSHORE PURPOSE: TO ENHANCECHRISTIAN TEACHING | $5,000 |
ECHOING HILLS HOUSE PURPOSE: TO ENHANCECHRISTIAN TEACHING | $20,000 |
HOUSE OF PRAISE INTERNATIONAL CHURCH PURPOSE: TO ENHANCECHRISTIAN TEACHING | $17,000 |
P2R TRAININGRESOURCE CENTER PURPOSE: TO ENHANCECHRISTIAN TEACHING | $6,000 |
WESTSIDE CHRISTIAN ACADEMY PURPOSE: TO ENHANCECHRISTIAN TEACHING | $15,000 |