Rochfort Foundation Inc
- Assets
- $1.9m
- Revenue
- $176.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Madison, GA
- Founding
- 01/1969
- Data as of
- 12/2021
- 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 12/2021, Rochfort Foundation Inc generated $176.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $115.0k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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 2016, Rochfort Foundation Inc has awarded 134 individual grants totaling $565,800. 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
2021
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 34 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 | $100 |
| Dividends & Interest | $46,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129,800 |
| Capital Gain Net Income | $129,800 |
| Net ST Capital Gain | $986 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,813 |
| 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 | $1,428 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,075 |
| Total operating and administrative expenses | $23,953 |
| Contributions, gifts, grants paid | $91,000 |
| Total expenses and disbursements | $114,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,520 |
| Savings and temporary cash investments | $117,562 |
| 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 | $1,456,680 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,871,400 |
| 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 $91,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF GEORGIA PURPOSE: TUITION | $32,000 |
CUMBERLAND COLLEGE PURPOSE: TUITION | $25,000 |
KENNESAW STATE COLLEGE PURPOSE: TUITION | $6,000 |
GWINNETT TECHNICAL COLLEGE PURPOSE: TUITION | $2,000 |
TEXAS TECH PURPOSE: TUITION | $2,000 |
ABRAHAM BALDWIN AGRICULTURE COLLEGE PURPOSE: TUITION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |