Friends Of Rock Valley
- Assets
- $898.3k
- Revenue
- $347.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Valley, IA
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 42-1501059
Organization Overview
Friends Of Rock Valley is located in Rock Valley, IA. The organization was established in 2001. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Rock Valley 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, Friends Of Rock Valley generated $347.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $196.0 during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A COMMUNITY TRUST TO RECEIVE CONTRIBUTIONS TO PROMOTE COMMUNITY PROJECTS AND PERFORM OTHER CHARITABLE FUNCTIONS FOR THE BENEFIT OF THE RESIDENTS OF ROCK VALLEY IA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISED FUNDS TO PURCHASE AN AMBULANCE TO BE USED IN THE ROCK VALLEY COMMUNITY. THIS IS AN IMPORTANT ASSET TO THE COMMUNITY AS IT WILL ASSIST IN PROVIDING EMERGENCY MEDICAL SERVICES TO THE CITIZENS. THE AMBULANCE WAS PURCHASED AND DONATED IN 2022.
THE ORGANIZATION COLLECTED DONATIONS FOR A COMMUNITY POOL PROJECT, INCLUDING REPAIRS AND CONSTRUCTION. THE COMMUNITY POOL IS A VALUABLE ASSET TO THE CITIZENS OF ROCK VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Ortman Directorpresident | OfficerTrustee | 0 | $0 |
Greg Westra Directortreasurer | OfficerTrustee | 0 | $0 |
David Miller Secretary Non-Voting | OfficerTrustee | 0 | $0 |
Gary Dejager Director | Trustee | 0 | $0 |
Mark Zomer Director | Trustee | 0 | $0 |
Nancy Dorhout Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $345,268 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,268 |
| Total Program Service Revenue | $0 |
| Investment income | $1,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$1,113 |
| All other expenses | $859 |
| Total functional expenses | $196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $898,296 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $898,296 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $898,296 |
| Total liabilities and net assets/fund balances | $898,296 |
Grants Awarded
Over the last fiscal year, Friends Of Rock Valley has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SIOUX COUNTY REGIONAL AIRPORT PURPOSE: PROMOTE BUILDING OF NEW AIRPORT | $0 |
RV TREES PROGRAM PURPOSE: PROMOTE CITY AESTHETIC | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Rock Valley has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
360 Communities Burnsville, MN | $3,339,233 | $6,729,234 |
Northeast Missouri Community Action Agency Kirksville, MO | $5,382,186 | $5,648,075 |
Pulitzer Arts Foundation St Louis, MO | $117,606,800 | $4,950,340 |
Commercial Club Of Chicago Chicago, IL | $3,716,814 | $4,161,715 |
Community Bankers Association Of Illinois Inc Springfield, IL | $6,623,230 | $3,824,328 |
Urban Homeworks Inc Minneapolis, MN | $14,877,768 | $4,422,020 |
Fifth Street Renaissance Springfield, IL | $4,994,855 | $3,310,939 |
South Dakota Rural Electric Association Inc Pierre, SD | $1,829,907 | $2,997,836 |
Missouri Rural Water Association Ashland, MO | $4,721,594 | $3,401,611 |
Minnesota Housing Partnership Saint Paul, MN | $2,330,685 | $2,401,116 |
South Dakota Association Of Rural Water Systems Madison, SD | $2,366,062 | $2,648,175 |
Nebraska Rural Electric Association Lincoln, NE | $1,967,725 | $2,435,267 |