Roever Foundation Inc
- Assets
- $186.6k
- Revenue
- $261.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 75-2354959
Organization Overview
Roever Foundation Inc is located in Fort Worth, TX. The organization was established in 1991. 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. Roever 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, Roever Foundation Inc generated $261.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $189.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROEVER FOUNDATION SUPPORTS PUBLIC EDUCATION BY THE CONDUCTION OF INSPIRATIONAL, CHARACTER BUILDING STUDENT ASSEMBLIES AND TO SERVE OUR NATION'S ARMED FORCES BY CONDUCTING PROGRAMS TO SERVE OUR WOUNDED WARRIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROEVER FOUNDATION, INC. WOUNDED SERVICE-MEMBER PROGRAM CONDUCTS SEMINARS AND TRAINING SESSIONS FOR VETERANS AND ACTIVE DUTY SERVICE MEMBERS ALONG WITH THEIR FAMILY MEMBERS DEDICATED TO RESILIENCY, OVERCOMING PHYSICAL INJURY AND POST-TRAUMATIC STRESS. OVER 17,500 PEOPLE PARTICIPATED IN THE PROGRAMS IN 2021.
ROEVER FOUNDATION, INC. LECTURES IN PUBLIC HIGH SCHOOLS THROUGHOUT THE UNITED STATES ON PERTINENT PROBLEMS EXPERIENCED BY YOUTH: SELF ESTEEM, PEER PRESSURE, TEXTING AND DRIVING, SUBSTANCE ABUSE, SUICIDE, ETC. IN 2021, 15,000 STUDENTS PARTICIPATED IN THE HIGH SCHOOL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Roever President/di | OfficerTrustee | 5 | $0 |
David Griffis Vice Pres/di | OfficerTrustee | 1 | $0 |
Kathy Koch Sec/treas/di | OfficerTrustee | 1 | $0 |
Paul Reed CFO | Officer | 5 | $0 |
Matt Roever COO | Officer | 5 | $0 |
Brenda Roever Coo/cfo | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,246 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,246 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,600 |
| Advertising and promotion | $0 |
| Office expenses | $8,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $804 |
| Travel | $13,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,554 |
| Interest | $1,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,827 |
| Insurance | $6,500 |
| All other expenses | $558 |
| Total functional expenses | $189,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,178 |
| Savings and temporary cash investments | $5,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,754 |
| Loans from Officers, Directors, or Controlling Persons | $294 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $77,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123 |
| Total assets | $186,552 |
| Accounts payable and accrued expenses | $1,255 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,286 |
| Total liabilities | $18,541 |
| Net assets without donor restrictions | $168,011 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $186,552 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roever Foundation Inc has recieved totaling $4,500.
| Awarding Organization | Amount |
|---|---|
Click Family Foundation Inc New Caney, TX PURPOSE: SCHOLARSHIPS/MEDICAL AID VIETNAM | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |