Pine Rock Foundation Inc
- Assets
- $100.3m
- Revenue
- $59.0m
- Investments
- $99.4m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 41-1698350
Organization Overview
Pine Rock Foundation Inc is located in Sioux Falls, SD. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Pine Rock 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 12/2023, Pine Rock Foundation Inc generated $59.0m in total revenue. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 58.2% per year over the past 9 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, Pine Rock Foundation Inc has awarded 204 individual grants totaling $8,136,305. 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 |
|---|---|---|---|
Amy Parish President/director | 40 | $150,000 | |
Rob Parish Secretary/treasurer/director | 1 | $0 | |
Jill Stoebe Chairman/director | 1 | $0 | |
Sharon Hendry Director | 1 | $0 | |
John Stoebe Director | 1 | $0 | |
Mike Frey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,157,938 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,881,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,170,557 |
| Capital Gain Net Income | $10,170,557 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $757,949 |
| Total Revenue | $58,967,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,349 |
| Taxes | $61,078 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $415,144 |
| Total operating and administrative expenses | $767,162 |
| Contributions, gifts, grants paid | $6,333,500 |
| Total expenses and disbursements | $7,100,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $911,513 |
| 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 | $72,006,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $100,289,324 |
| 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, Pine Rock Foundation Inc has awarded $6,333,500 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ABBEY'S HOPE CHARITABLE FOUNDATION PURPOSE: UNRESTRICTED SUPPORT | $10,000 |
ALLIANCE TO CURE CAVERNOUS MALFORMATION PURPOSE: GENERAL SUPPORT | $5,000 |
ALPHA NEWS PURPOSE: SUPPORT THE COST OF FUNDRAISER SPEAKER | $25,000 |
ALPHA NEWS PURPOSE: MARKETING | $25,000 |
ARRINGTON VOLUNTEER FIRE DEPARTMENT STATION 19 PURPOSE: SUPPORT THE COST OF AN EMERGENCY VEHICLE | $50,000 |
AMERICAN LEGION 134 PURPOSE: GENERAL SUPPORT | $10,000 |