Phil & Gerry Rominger Foundation
- Assets
- $9.3m
- Revenue
- $2.8m
- Investments
- $9.0m
- Employees
- 0
- Location
- Efland, NC
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 56-2253755
Organization Overview
Phil & Gerry Rominger Foundation is located in Efland, NC. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Phil & Gerry Rominger 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 12/2022, Phil & Gerry Rominger Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 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.
Since 2014, Phil & Gerry Rominger Foundation has awarded 62 individual grants totaling $13,778,390. 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 |
|---|---|---|---|
Name Not Listed President | 1 | $0 | |
Name Not Listed Vice Preside | 1 | $0 | |
Richard Debutts CPA Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55,892 |
| Dividends & Interest | $237,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,464,055 |
| Capital Gain Net Income | $1,447 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,757,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,820 |
| Taxes | $8,962 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $133,504 |
| Contributions, gifts, grants paid | $1,564,818 |
| Total expenses and disbursements | $1,698,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,770 |
| 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 | $9,276,767 |
| 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, Phil & Gerry Rominger Foundation has awarded $1,564,818 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE ROTARY FOUNDATION PURPOSE: ORGANIZATION SUPPORT FUNDING | $260,803 |
OCCONEECHEE COUNCIL BOY PURPOSE: ORGANIZATION SUPPORT FUNDING | $260,803 |
SOUTH RANGE SCHOOLS PURPOSE: ORGANIZATION SUPPORT FUNDING | $260,803 |
DUKE CHILDRENS HOSPITAL PURPOSE: ORGANIZATION SUPPORT FUNDING | $260,803 |
MASONIC HOME FOR CHILDREN PURPOSE: ORGANIZATION SUPPORT FUNDING | $260,803 |
BAPTIST CHILDRENS HOME- PURPOSE: ORGANIZATION SUPPORT FUNDING | $260,803 |