Rochfort Foundation Inc
- Assets
- $1.5m
- Revenue
- $49.2k
- Investments
- $1.4m
- Employees
- 0
- Location
- Madison, GA
- Founding
- 01/1969
- Data as of
- 12/2022
- EIN
- 58-0946906
Organization Overview
Rochfort Foundation Inc is located in Madison, GA. The organization was established in 1969. 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. Rochfort Foundation Inc 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, Rochfort Foundation Inc generated $49.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $105.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rochfort Foundation Inc has awarded 135 individual grants totaling $576,900. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIP GRANTS TO STUDENTS IN THE SURROUNDING GEOGRAPHICAL AREA. ROCHFORT PROVIDED SCHOLARSHIPS AWARDS TO 39 DIFFERENT INDIVIDUALS ATTENDING 17 DIFFERENT COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Coody Trustee | 2 | $1,500 | |
Charles Merritt Jr Trustee | 2 | $1,500 | |
Georgeana W Tamplin Trustee | 2 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $70 |
| Dividends & Interest | $17,453 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,715 |
| Capital Gain Net Income | $31,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,238 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,780 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,505 |
| Total operating and administrative expenses | $19,985 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $104,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,537 |
| Savings and temporary cash investments | $85,021 |
| 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 | $1,134,622 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,470,788 |
| 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, Rochfort Foundation Inc has awarded $85,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA PURPOSE: TUITION | $33,000 |
CUMBERLAND COLLEGE PURPOSE: TUITION | $10,000 |
VALDOSTA STATE UNIVERSITY PURPOSE: TUITION | $2,000 |
GA INSTITUTE OF TECHNOLOGY PURPOSE: TUITION | $6,000 |
GEORGIA SOUTHERN UNIVERSITY PURPOSE: TUITION | $2,000 |
KENNESAW STATE COLLEGE PURPOSE: TUITION | $4,000 |