Winthrop Rockefeller Foundation
- Assets
- $151.7m
- Revenue
- $4.3m
- Investments
- $135.0m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 04/1963
- Data as of
- 12/2023
- EIN
- 71-0285871
Organization Overview
Winthrop Rockefeller Foundation is located in Little Rock, AR. The organization was established in 1963. 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. Winthrop Rockefeller 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, Winthrop Rockefeller Foundation generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Winthrop Rockefeller Foundation has awarded 485 individual grants totaling $38,121,249. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NARRATIVE CHANGE - (50 ORGANIZATIONS ENGAGED) WRF COMMISSIONED AND CONDUCTED EXTENSIVE MESSAGING RESEARCH THROUGH SURVEYS, FOCUS GROUP AND IN PERSON CONVERSATIONS AROUND THE STATE TO BUILD OUT AN ARKANSAS SPECIFIC NARRATIVE CAMPAIGN. THE CAMPAIGN IS INTENDED TO BRING ARKANSANS TOGETHER AROUND COMMON PUBLIC POLICY APPROACHED THAT WOULD SUPPORT ALICE ARKANSANS. THE NARRATIVE CHANGE STRATEGY ALSO INCLUDES THE HEAL LAB, A WRF CREATED AND MANAGED COMMUNICATIONS TRAINING PROGRAM FOR NON PROFIT PARTNERS. WRF STAGED THE STARSHINE NARRATIVE SUMMIT WHICH ENGAGED 300 COMMUNICATIONS PROFESSIONALS, ARTISTS AND COMMUNITY LEADERS IN THE FURTHER DESIGN AND PROPAGATION OF ARKANSAS SPECIFIC MESSAGES.
CAPITAL ACCESS AND ASSET DEVELOPMENT (28 ORGANIZATIONS ENGAGED): WRF CREATED THE ABC'S OF EQUITY (ALICE, BUSINESS CASE FOR EQUITY, AND CAPITAL ACCESS REPORT) TO QUANTIFY EXISTING EQUITY CHALLENGES AND TO IDENTIFY STRATEGIES TO OVERCOME THEM. WRF USES THE CAPITAL ACCESS REPORT TO DRIVE ACTION TO INCREASE THE AVAILABILITY OF LENDING RESOURCES TO PREVIOUSLY UNDERCAPITALIZED ENTREPRENEURS. WRF LAUNCHED THE ON RAMP FUND TO PROVIDE LOAN GUARANTEES FOR UNDERSERVED SMALL BUSINESSES AND CONTINUES TO SUPPORT A STATEWIDE CONVERSATION ABOUT INEQUITY IN PRIVATE BANKING AND FEDERAL SMALL BUSINESS SUPPORT FOR BUSINESSES OWNED BY WOMEN, PEOPLE OF COLOR AND ALL UNDERSERVED GROUPS.
ENTERPRISE CAPITAL - (15 ORGANIZATIONS ENGAGED) WRF ORGANIZED OTHER FUNDERS AND NONPROFIT LEADERS IN THE STATE TO CREATE THE ARKANSAS ENTERPRISE CAPITAL ADVISORY COMMITTEE, COMMISSIONED CASE STUDIES AND STATEWIDE RESEARCH TO BUILD THE EVIDENCE BASED FOR THE NEED TO CREATE AN ENTERPRISE CAPITAL FUND IN ARKANSAS. THE ADVISORY COMMITTEE ALSO CREATED THE FRAMEWORK FOR THE ARKANSAS ENTERPRISE CAPITAL GRANT FUND (AECGF) WHICH WILL PROVIDE ARKANSAS NONPROFITS WITH GRANT INVESTMENTS THAT ARE LARGER THAN TYPICALLY PROVIDED AND ALSO PROVIDE THEM WITH TECHNICAL ASSISTANCE THAT IS TARGETED TO HELP INCREASE THE EFFICIENCY OF THEIR BUSINESS OPERATIONS.
PHILANTHROPIC COLLABORATION (54 ORGANIZATIONS ENGAGED) : WRF HAS DIRECTLY SUPPORTED THE INFRASTRUCTURE FOR FUNDERS TO HAVE COLLECTIVE IMPACT ON SIGNIFICANT CHALLENGES FACING THE STATE OF ARKANSAS. THROUGH GROUPS LIKE ARKANSAS BLACK PHILANTHROPY COLLABORATIVE (ABPC), ARKANSAS ASSET FUNDERS NETWORK (AFN), ARKANSAS IMPACT PHILANTHROPY (AIP), ARKANSAS CDFI NETWORK AND DELTA PHILANTHROPY FORUM (DPF), THIS PHILANTHROPIC COLLABORATION HAS BROUGHT TOGETHER COALITIONS AND RESOURCES TO SUPPORT INCREASED ACCESS TO CAPITAL FOR PEOPLE OF COLOR AND WOMEN, INCREASED ACCESS TO FEDERAL RESOURCES FOR ARKANSAS COMMUNITIES, INCREASED SUPPORT FOR THE ADVOCACY ACTIVITIES OF ARKANSAS NONPROFITS AND MORE RESOURCES FOR THE DELTA REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherece West-Scantlebury President & CEO | 50 | $381,187 | |
Andrea Dobson Cofo | 50 | $310,526 | |
Charlotte Parham Chair | 1.2 | $0 | |
Cedric Williams Vice Chair | 0.8 | $0 | |
Vicki Saviers Board Secretary | 0.8 | $0 | |
Alejandro Rodriguez Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/23 | $274,857 |
Impactmapper | 12/30/23 | $82,500 |
The Northern Trust Company | 12/30/23 | $165,230 |
Proper Southern Strategies | 12/30/23 | $81,858 |
Fhf Enterprises Llc | 12/30/23 | $78,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $237,278 |
| Interest on Savings | $490,183 |
| Dividends & Interest | $160,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,138,991 |
| Capital Gain Net Income | $1,853,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $316,212 |
| Total Revenue | $4,343,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $691,713 |
| Other employee salaries and wages | $636,207 |
| Pension plans, employee benefits | $497,828 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $42,124 |
| Occupancy | $136,284 |
| Travel, conferences, and meetings | $54,660 |
| Printing and publications | $6,154 |
| Other expenses | $1,193,410 |
| Total operating and administrative expenses | $4,773,052 |
| Contributions, gifts, grants paid | $4,281,250 |
| Total expenses and disbursements | $9,054,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $7,741,733 |
| Net Accounts receivable | $31,277 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $136,425 |
| 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 | $170,262 |
| Other assets | $8,632,380 |
| Total assets | $151,671,301 |
| Accounts payable and accrued expenses | $434,518 |
| Grants payable | $3,219,994 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $537,102 |
| Total liabilities | $4,191,614 |
Grants Awarded
Over the last fiscal year, Winthrop Rockefeller Foundation has awarded $7,500,950 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCING BLACK ENTREPRENEURSHIP INC - LITTLE ROCK AR PURPOSE: GENERAL OPERATING SUPPORT FOR REMIX IDEAS THROUGH ABE | $100,000 |
ADVOCATES FOR COMMUNITY AND RURAL EDUCATION - LITTLE ROCK AR PURPOSE: INCREASE THE RURAL COMMUNITY ALLIANCE'S CAPACITY TO CARRY OUT ITS MISSION IN PURSUIT OF EQUITY IN ARKANSAS. | $100,000 |
ADVOCATES FOR COMMUNITY AND RURAL EDUCATION - LITTLE ROCK AR PURPOSE: CFE FOR BOARD DEVELOPMENT RETREAT AND STRATEGIC PLANNING | $10,000 |
ADVOCATES FOR COMMUNITY AND RURAL EDUCATION - LITTLE ROCK AR PURPOSE: MIG TO SUPPORT THE RURAL COMMUNITY ALLIANCE AND THEIR PURSUIT OF EQUITY FOR ALL ARKANSANS | $15,000 |
AR&R TRANSITIONAL LIVING INC - FORREST CITY AR PURPOSE: CFE TO PARTICIPATE IN THE CARE COALITION | $15,000 |
ARCO IRIS INC - HUNTSVILLE AR PURPOSE: CFE FOR GENERAL OPERATING SUPPORT & RELATIONSHIP BUILDING | $10,000 |