Rosztoczy Foundation
- Assets
- $9.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Avondale, AZ
- Founding
- 12/2004
- Data as of
- 01/2024
- EIN
- 72-1583507
Organization Overview
Rosztoczy Foundation is located in Avondale, AZ. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosztoczy 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 01/2024, Rosztoczy Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $844.8k during the year ending 01/2024. While expenses have increased by 16.4% per year over the past 5 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 2015, Rosztoczy Foundation has awarded 369 individual grants totaling $5,433,859. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
PROVIDED SCHOLARSHIPS FOR HUNGARIAN STUDENTS TO COME TO THE UNITED STATES TO STUDY/RESEARCH WITH PROFESSORS. THE STUDENTS ARE ATTENDING VARIOUS HIGHER INSTITUTIONS OF EDUCATION THROUGHOUT THE ENTIRE UNITED STATES. THEY INCLUDE BUT ARE NOT LIMITED TO THE UNIVERISTY OF AZ, RUTGERS UNIVERSITY, MONTEREY INSTITUTE OF INT'L STUDIES, UNIVERSITY OF NE, DARTMOUTH COLLEGE, WASHINGTON UNIVERSITY AT ST. LOUIS, SCRIPPS RESEARCH INSTITUTE, HARVARD MEDICAL SCHOOL, HULT INTERNATIONAL SCHOOL OF BUSINESS, UCLA, JOHNS HOPKINS BLOOMBERG SCHOOL, UNIVERSITY OF MICHIGAN, UNIVERSITY OF MEMPHIS, UNIVERSITY OF CA AT BERKLEY, NY SCHOOL OF INTERIOR DESIGN, UNIVERSITY OF MIAMI AND VARIOUS OTHERS.
PROVIDED SCHOLARSHIPS FOR UNDERPRIVILEGED HIGH SCHOOL GRADUATE STUDENTS TO COLLEGES AND UNIVERSITIES. THE STUDENTS ARE ATTENDING VARIOUS HIGHER INSTITUTIONS OF EDUCATION THROUGHOUT THE ENTIRE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Rosztoczy Trustee | 3 | $0 | |
Thomas Rosztoczy Trustee | 3 | $0 | |
Robert Rosztoczy Trustee | 3 | $0 | |
Stefi Mcgeorge Trustee | 3 | $0 | |
Edward Rosztoczy Trustee | 3 | $0 | |
Thomas Thompson Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,706,909 |
| Interest on Savings | $43,320 |
| Dividends & Interest | $76,514 |
| Net Rental Income | $14,670 |
| Net Gain on Sale of Assets | $19,170 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$13,835 |
| Total Revenue | $3,857,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $28,315 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,500 |
| Other expenses | $16,496 |
| Total operating and administrative expenses | $50,091 |
| Contributions, gifts, grants paid | $794,720 |
| Total expenses and disbursements | $844,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,207 |
| 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 | $16,072 |
| Net Investments - land, buildings, equipment | $1,704,958 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,495,172 |
| Total assets | $9,547,409 |
| 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, Rosztoczy Foundation has awarded $1,475,517 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
ABEL BAGDY PURPOSE: SCHOLARSHIP FOR A TWO YEAR PROGRAM | $15,000 |
ALEXANDRA EGYED PURPOSE: SCHOLARSHIP FOR PROF ARTHUR H WINTER DEPT OF CHEMISTRY | $21,000 |
BE A LEADER FOUNDATION PURPOSE: DONATION FOR TAKING STEPS TOWARD COLLEGE SUCCESS - 501(C)3 #55-0850279 | $5,000 |
DONORCHOOSEORG PURPOSE: DONATION #13-4129457 | $10,000 |
ARIZONA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS COLLEGE PROMISE PROGRAM | $94,494 |
DR PETER GALBACS PURPOSE: SCHOLARSHIP WITH PROFESSOR ROBERT SHIMER IN DEPT OF ECONOMICS | $8,000 |