Red Rock Foundation Trust
- Assets
- $751.0k
- Revenue
- $116.2k
- Investments
- $750.4k
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/1997
- Data as of
- 11/2023
- EIN
- 74-2831887
Organization Overview
Red Rock Foundation Trust is located in Albuquerque, NM. The organization was established in 1997. 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. Red Rock Foundation Trust 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 11/2023, Red Rock Foundation Trust generated $116.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $55.2k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Red Rock Foundation Trust has awarded 32 individual grants totaling $373,000. 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 |
|---|---|---|---|
Christopher Guest Trustee | 0.5 | $0 | |
Regina Guest Trustee | 0.5 | $0 | |
Ellen L Guest Foundation Manager | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $50,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,941 |
| Capital Gain Net Income | $65,941 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $8,739 |
| Contributions, gifts, grants paid | $46,500 |
| Total expenses and disbursements | $55,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $593 |
| 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 | $750,964 |
| 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, Red Rock Foundation Trust has awarded $46,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW MEXICO HEALTHCARE EXECUTIVES PURPOSE: TRAVEL SCHOLARSHIPS FOR 3 UNIVERSITY OF NEW MEXICO MASTERS OF HEALTHCARE ADMINISTRATION STUDENTS TO ATTEND THE AMERICAN COLLEGE OF HEALTHCARE EXECUTIVES CONGRESS IN CHICAGO. | $1,500 |
LUTHERAN FAMILY SERVICES OF THE ROCKY MOUNTAINS PURPOSE: RESETTLEMENT OF REFUGEES. FURNISHING HOUSING AND BASIC NEEDS. EXTENSIVE CASE MANAGEMENT ALSO PROVIDED. | $15,000 |
RONALD MCDONALD HOUSE CHARITIES OF NEW MEXICO PURPOSE: PROVIDING A HOME-AWAY-FROM-HOME FOR PARENTS AND FAMILIES WHILE THEY CARE FOR A HOSPITALIZED CHILD. THIS GRANT HAS SPECIFICALLY GONE TOWARD THE OPENING OF A NEW, SECOND RONALD MCDONALD HOME-AWAY-FROM-HOME. | $30,000 |