Living Rock Foundation
- Assets
- $5.7m
- Revenue
- $2.0m
- Investments
- $4.6m
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 09/2012
- Data as of
- 11/2021
- EIN
- 45-1656663
Organization Overview
Living Rock Foundation is located in Southlake, TX. The organization was established in 2012. 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. Living Rock 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 11/2021, Living Rock Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $968.3k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Living Rock Foundation has awarded 44 individual grants totaling $655,386. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE ACTIVITIES OF LIVING STONES FOUNDATION CHARITABLE TRUST (A $25M VOLUNTEER-RUN PUBLIC CHARITY WHICH MAKES $1M-$2M OF ANNUAL GRANTS) BY PROVIDING PERSONNEL FOR PART-TIME SECRETARIAL, MANAGEMENT, AND ALTERNATIVE INVESTMENT IDENTIFICATION FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Brubaker Vice President/trustee | 40 | $89,777 | |
Justin Eldred Treasurer/trustee | 40 | $80,149 | |
Kary Eldred Trustee | 20 | $37,955 | |
Kenneth A Eldred Chairman/trustee | 20 | $7,540 | |
Roberta E Eldred President/trustee | 2 | $0 | |
Monica Eldred Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,127,598 |
| Interest on Savings | $5 |
| Dividends & Interest | $36,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $191,447 |
| Capital Gain Net Income | $191,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $677,986 |
| Total Revenue | $2,033,265 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $210,464 |
| Other employee salaries and wages | $23,562 |
| Pension plans, employee benefits | $100,346 |
| Interest | $0 |
| Taxes | $50,399 |
| Depreciation | $837 |
| Occupancy | $15,907 |
| Travel, conferences, and meetings | $97 |
| Printing and publications | $0 |
| Other expenses | $455,088 |
| Total operating and administrative expenses | $906,016 |
| Contributions, gifts, grants paid | $62,300 |
| Total expenses and disbursements | $968,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,870 |
| Savings and temporary cash investments | $979,304 |
| Net Accounts receivable | $24,762 |
| 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 | $1,599,910 |
| Net Land, buildings, and equipment | $8,015 |
| Other assets | $1,431 |
| Total assets | $5,714,578 |
| 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, Living Rock Foundation has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Flower Mound, TX PURPOSE: CHARITABLE AND RELIGIOUS SUPPORT | $10,000 |
SKY RANCHES INC PURPOSE: CHARITABLE AND RELIGIOUS SUPPORTCHARITABLE AND RELIGIOUS SUPPORT | $10,000 |
SURGE ASSOCIATION OF CHURCHES INC PURPOSE: CHARITABLE AND RELIGIOUS SUPPORT | $10,000 |
Camarillo, CA PURPOSE: CHARITABLE AND RELIGIOUS SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |