Room & Board Foundation
- Assets
- $4.8m
- Revenue
- $506.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- 06/2016
- Data as of
- 07/2022
- EIN
- 81-0876152
Organization Overview
Room & Board Foundation is located in Golden Valley, MN. The organization was established in 2016. 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. Room & Board 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 07/2022, Room & Board Foundation generated $506.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $68.4k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Room & Board Foundation has awarded 29 individual grants totaling $990,000. 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 |
|---|---|---|---|
John Gabbert President | 0 | $0 | |
Martha Gabbert Secretary/treasurer | 0 | $0 | |
Ann Gabbert Director | 0 | $0 | |
Laura Gabbert Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,106 |
| Interest on Savings | $6,158 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $506,264 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,379 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $68,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,265,700 |
| Savings and temporary cash investments | $3,573,931 |
| 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 | $4,839,631 |
| 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, Room & Board Foundation has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE NATURE CONSERVANCY IN MINNESOTA PURPOSE: GENERAL OPERATING GRANT | $40,000 |
THE NATURE CONSERVANCY PURPOSE: GENERAL OPERATING GRANT | $25,000 |