Schulte-Rosales Charitable Foundation
- Assets
- $1.7m
- Revenue
- $565.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hockley, TX
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 76-0455567
Organization Overview
Schulte-Rosales Charitable Foundation is located in Hockley, TX. The organization was established in 1996. 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. Schulte-Rosales Charitable 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 12/2022, Schulte-Rosales Charitable Foundation generated $565.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $28.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Schulte-Rosales Charitable Foundation has awarded 126 individual grants totaling $499,603. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Rosales V-Pres, Sec'y, Trea | 1 | $0 | |
Karen Rosales Manager | 5 | $0 | |
Gary Kolkhorst V-Pres | 1 | $0 | |
Kenny Kolkhorst V-Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $560,713 |
| Interest on Savings | $12,851 |
| Dividends & Interest | $17,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,539 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $565,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,650 |
| Total operating and administrative expenses | $2,650 |
| Contributions, gifts, grants paid | $25,710 |
| Total expenses and disbursements | $28,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,663,032 |
| 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 | $1,663,032 |
| 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, Schulte-Rosales Charitable Foundation has awarded $25,710 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: CHARITYCHARITY | $1,970 |
BAYLOR LINE FOUNDATION PURPOSE: CHARITY | $1,992 |
HOUSTON LIVESTOCK SHOW & RODEO PURPOSE: CHARITY | $5,000 |
ST JOHN LUTHERAN PURPOSE: EDUCATION | $200 |
CSSC PURPOSE: CHARITYCHARITY | $6,500 |
RICE UNIVERSITY PURPOSE: EDUCATION | $2,019 |