Rowny Foundation
- Assets
- $606.1k
- Revenue
- $31.8k
- Investments
- $556.6k
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 10/1999
- Data as of
- 12/2023
- EIN
- 52-2190131
Organization Overview
Rowny Foundation is located in Bethesda, MD. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Rowny 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 12/2023, Rowny Foundation generated $31.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $48.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rowny Foundation has awarded 158 individual grants totaling $249,300. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Rowny President | 1 | $0 | |
Peter E Rowny Vice President | 1 | $0 | |
Julia Dian Rowny Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,568 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,262 |
| Capital Gain Net Income | $2,262 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,665 |
| Contributions, gifts, grants paid | $42,300 |
| Total expenses and disbursements | $47,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,562 |
| Savings and temporary cash investments | $0 |
| 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 | $556,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $606,145 |
| 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, Rowny Foundation has awarded $42,300 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION NATIONAL CAPITAL AREA CHAPTER PURPOSE: GENERAL USE | $2,000 |
AUTISTIC SELF ADVOCACY NETWORK PURPOSE: GENERAL USE | $300 |
BEACON ACADEMY PURPOSE: GENERAL USE | $300 |
GEORGETOWN LAW PURPOSE: GENERAL USE | $300 |
LEARNING ALLY PURPOSE: GENERAL USE | $300 |
MIT PURPOSE: GENERAL USE | $7,500 |