Roessler-Chadwick Foundation Group
- Assets
- $73.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Palos Verdes Peninsula, CA
- Founding
- 11/2014
- Data as of
- 06/2021
- EIN
- 47-1272243
Organization Overview
Roessler-Chadwick Foundation Group is located in Palos Verdes Peninsula, CA. The organization was established in 2014. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Roessler-Chadwick Foundation Group employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roessler-Chadwick Foundation Group 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 06/2021, Roessler-Chadwick Foundation Group generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO FURTHER THE EXEMPT PURPOSES OF ROESSLER-CHADWICK FOUNDATION (THE FOUNDATION) BY OPERATING AS A SUPPORTING ORGANIZATION TO THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SUPPORTING ACTIVITIES THAT PRIMARILY CONSIST OF HOLDING, INVESTING AND MANAGING ASSETS RECEIVED FROM THE ROESSLER-CHADWICK FOUNDATION (THE FOUNDATION) AND MAKING EXPENDITURES FOR THE BENEFIT OF THE FOUNDATION AND ITS STUDENTS, INCLUDING PROVIDING A SOURCE OF FUNDING FOR THE FOUNDATION'S FINANCIAL AID PROGRAM, AND ENGAGING IN RELATED MANAGERIAL FUNCTIONS. BY SEPARATING THE MANAGEMENT OF THE REAL ESTATE AND INVESTMENTS PREVIOUSLY HELD BY THE FOUNDATION, THE FOUNDATION IS NOW ABLE TO FOCUS IN GREATER PART ON THE OPERATIONS AND EDUCATIONAL MISSION OF EACH OF ITS SCHOOLS WHILE THE ORGANIZATION IS FOCUSED ON ASSET MANAGEMENT, FINANCIAL PLANNING, AND OVERARCHING STRATEGIES FOR THE BENEFIT OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Kjenner C.f.o. | Officer | 1 | $194,496 |
Frederick T Hill President | OfficerTrustee | 1 | $50,576 |
Nick Richardson Chair | OfficerTrustee | 1 | $0 |
Gregg Tenser Treasurer | OfficerTrustee | 1 | $0 |
Christine Bucklin Secretary | OfficerTrustee | 1 | $0 |
Robert Schuchard Vice Chair | OfficerTrustee | 1 | $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 | $280,912 |
| Noncash contributions included in lines 1a–1f | $120,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,912 |
| Total Program Service Revenue | $944,949 |
| Investment income | $1,229,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,971 |
| Net Gain/Loss on Asset Sales | -$528,923 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,244,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,264,265 |
| 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. | $258,436 |
| Compensation of current officers, directors, key employees. | $258,436 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,833 |
| Fees for services: Accounting | $56,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,319 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $0 |
| Office expenses | $95 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $381,812 |
| Travel | $796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,430,726 |
| Insurance | $0 |
| All other expenses | $3,666 |
| Total functional expenses | $3,687,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $923,079 |
| Pledges and grants receivable | $1,123,429 |
| Accounts receivable, net | $674,136 |
| 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 | $23,503,121 |
| Investments—publicly traded securities | $45,950,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,379,153 |
| Total assets | $73,553,865 |
| Accounts payable and accrued expenses | $476,735 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,697,200 |
| 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 | $1,743,305 |
| Total liabilities | $12,917,240 |
| Net assets without donor restrictions | $40,095,899 |
| Net assets with donor restrictions | $20,540,726 |
| 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 | $73,553,865 |
Grants Awarded
Over the last fiscal year, Roessler-Chadwick Foundation Group has awarded $1,570,742 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Palos Verdes Peninsula, CA PURPOSE: ENDOWMENT APPROPRIATIONS | $1,152,817 |
Palos Verdes Peninsula, CA PURPOSE: GENERAL SUPPORT | $417,925 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roessler-Chadwick Foundation Group has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $36,008,863 |
| Earnings | $10,730,893 |
| Net Contributions | $260,150 |
| Grants | $1,287,198 |
| Ending Balance | $45,712,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For College-Ready Public Schools Facilities Corporation Pasadena, CA | $262,311,538 | $18,102,977 |
Associated Students University Of California Davis Business Office Davis, CA | $7,045,095 | $14,137,728 |
Element Education Inc Escondido, CA | $11,446,898 | $15,469,038 |
University Of California Home Loan Program Corporation Oakland, CA | $809,217,947 | $25,322,221 |
California Charter Schools Association Los Angeles, CA | $32,950,225 | $18,898,883 |
Maker Learning Network Acton, CA | $31,041,626 | $6,882,050 |
Pathways Management Group Inc Pasadena, CA | $27,742,984 | $4,110,742 |
Black Girls Code Inc Oakland, CA | $40,729,664 | $16,892,534 |
Silvies River Charter School Crane, OR | $8,476,358 | $7,552,707 |
Gia Holdings Inc Carlsbad, CA | $23,575,400 | $34,356,749 |
Educational Policy Improvement Center Eugene, OR | $5,312,534 | $5,065,670 |
Chandler School Boosters Inc Chandler, AZ | $2,971,586 | $4,921,052 |