Rock Health Foundation
- Assets
- $2.7m
- Revenue
- $900.2k
- Investments
- $823.5k
- Employees
- 6
- Location
- San Francisco, CA
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-1204321
Organization Overview
Rock Health Foundation is located in San Francisco, CA. The organization was established in 2012. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Rock Health Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rock Health 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 12/2021, Rock Health Foundation generated $900.2k 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 (12.5%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROCKHEALTH.ORG MAKES HEALTHCARE MASSIVELY BETTER FOR EVERY HUMAN BEING BY ENABLING AN INCLUSIVE DIGITAL HEALTH ECOSYSTEM, ADVANCING SOLUTIONS FOR THOSE WHO NEED IT MOST, AND FOSTERING COMMUNITY CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROCK HEALTH FOUNDATION IS AN EDUCATIONAL NONPROFIT AND CONVENING ORGANIZATION THAT WORKS TO CENTER EQUITY ACROSS THE DIGITAL HEALTH SPACE. THE ORGANIZATION ACCOMPLISHES THIS BY FOSTERING A COMMUNITY WHERE DIGITAL HEALTH INNOVATORS, BUILDERS, INVESTORS, AND SOCIAL SECTOR ACTORS COME TOGETHER WITH THE SHARED GOAL OF DISMANTLING THE LONG-STANDING BARRIERS AND INEQUITIES THAT EXIST IN HEALTHCARE. ROCK HEALTH FOUNDATION'S STRATEGY FOCUSES ON CENTERING EQUITY IN DIGITAL HEALTH IN THREE DISTINCT WAYS: (1) EQUITABLE INVESTMENTS - FIELD-BASED SUPPORT THAT ENCOURAGES THE FLOW OF INVESTMENT RESOURCES TO UNDERREPRESENTED AND UNDERFUNDED DIGITAL HEALTH INNOVATORS, INCLUDING WOMEN INNOVATORS AND INNOVATORS OF COLOR, (2) EQUITABLE DESIGN - INCREASING THE DEVELOPMENT OF DIGITAL HEALTH INNOVATIONS THAT REACH COMMUNITIES FACING SYSTEMIC INEQUITIES, INCLUDING LOW-INCOME POPULATIONS, RURAL POPULATIONS, ETC., AND (3) ECOSYSTEM ENGAGEMENT - WHICH GATHERS DIGITAL HEALTH LEADERS AT MARQUEE CONVENINGS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Drasser CEO (effective 4/2021) | OfficerTrustee | 40 | $215,916 |
Nate Gross Director | Trustee | 1 | $0 |
Kelsey Mellard Director | Trustee | 1 | $0 |
William Evans Former CEO | 0 | $0 | |
Megan Zweig Former Director Of Research | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,067 |
| Total Program Service Revenue | $264,513 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,049 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,380 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,848 |
| Compensation of current officers, directors, key employees. | $82,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,206 |
| Pension plan accruals and contributions | $3,468 |
| Other employee benefits | $1,670 |
| Payroll taxes | $26,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,318 |
| Fees for services: Accounting | $79,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,987 |
| Advertising and promotion | $728 |
| Office expenses | $15,366 |
| Information technology | $15,748 |
| Royalties | $0 |
| Occupancy | $270,409 |
| Travel | $40,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,285 |
| Insurance | $13,897 |
| All other expenses | $22,006 |
| Total functional expenses | $1,451,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,349,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220,705 |
| 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 | $24,856 |
| Net Land, buildings, and equipment | $35,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $823,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,195 |
| Total assets | $2,660,081 |
| Accounts payable and accrued expenses | $72,735 |
| Grants payable | $0 |
| Deferred revenue | $275,000 |
| 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 | $35,918 |
| Total liabilities | $383,653 |
| Net assets without donor restrictions | $2,276,428 |
| 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 | $2,660,081 |
Grants Awarded
Over the last fiscal year, Rock Health Foundation has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BENCHLING PURPOSE: EDUCATION AND R&D SUPPORT FOR HEALTHCARE ENTREPRENEURS | $10,000 |
DISCOVER SHADOW INC PURPOSE: EDUCATION AND R&D SUPPORT FOR HEALTHCARE ENTREPRENEURS | $10,000 |
PARE LABS PURPOSE: EDUCATION AND R&D SUPPORT FOR HEALTHCARE ENTREPRENEURS | $10,000 |
SPARK DIAGNOSTICS INC PURPOSE: EDUCATION AND R&D SUPPORT FOR HEALTHCARE ENTREPRENEURS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rock Health Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Aarp Foundation Washington, DC PURPOSE: SPONSORSHIP OF ROCK HEALTH SUMMIT TO SUPPORT AARP FOUNDATION'S HOUSING PROGRAM | $40,000 |
California Healthcare Foundation Oakland, CA PURPOSE: 2019 ROCK HEALTH SUMMIT SPONSORSHIP | $20,000 |
California Healthcare Foundation Oakland, CA PURPOSE: 2019 ROCK HEALTH SUMMIT SPONSORSHIP | $20,000 |
California Healthcare Foundation Oakland, CA PURPOSE: 2019 ROCK HEALTH SUMMIT SPONSORSHIP | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Regional Examining Board Phoenix, AZ | $0 | $7,805,212 |
The Better Business Bureau Inc Phoenix, AZ | $11,570,437 | $16,919,340 |
Pacific West Association Of Realtors Inc Anaheim, CA | $20,065,190 | $11,318,447 |
Businesses United In Investing Lending And Development Redwood City, CA | $15,281,937 | $16,419,583 |
Enterprise Foundation San Jose, CA | $843,322 | $6,921,921 |
All Raise San Francisco, CA | $16,909,959 | $6,096,804 |
Forth Portland, OR | $1,266,604 | $3,911,296 |
Authorized Taxicab Supervision Inc Los Angeles, CA | $2,022,494 | $4,283,831 |
Better Business Bureau Of Los Angeles And Silicon Valley Inc San Jose, CA | $3,931,110 | $3,510,578 |
Worldatwork Society Of Certified Professionals Scottsdale, AZ | $12,717,541 | $3,104,582 |
National Center For Employee Ownership Oakland, CA | $2,735,195 | $3,448,060 |
Better Business Bureau Of Sacramento Sacramento, CA | $4,950,404 | $3,352,170 |