Transform Rockford
- Assets
- $671.2k
- Revenue
- $104.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 46-3265457
Organization Overview
Transform Rockford is located in Rockford, IL. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Transform Rockford 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, Transform Rockford generated $104.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $232.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CONVERSATION & FACILIATION
STRATEGIC DOING SESSIONS
SHARECARE
GREAT NEIGHBORHOODS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Jarret Past Chair | 5 | $0 | |
Lorayne Logan Chairman | 5 | $0 | |
Ben Bernsten Secretary | 5 | $0 | |
Roberta L Holzwarth Past Chair | 5 | $0 | |
Theresa Kegley Director | 5 | $0 | |
Leon Smith Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,641 |
| Interest on Savings | $1,473 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,114 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,741 |
| Other employee salaries and wages | $45,834 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $376 |
| Printing and publications | $5,481 |
| Other expenses | $68,150 |
| Total operating and administrative expenses | $232,582 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $232,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,547 |
| Savings and temporary cash investments | $645,652 |
| 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 | $671,199 |
| Accounts payable and accrued expenses | $5,284 |
| 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 | $5,284 |