Rockstad Foundation
- Assets
- $394.6k
- Revenue
- $62.2k
- Investments
- $313.1k
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-2468000
Organization Overview
Rockstad Foundation is located in Bismarck, ND. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rockstad 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, Rockstad Foundation generated $62.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $562.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rockstad Foundation has awarded 22 individual grants totaling $923,369. 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 |
|---|---|---|---|
Terrance M Rockstad President/director | 2 | $0 | |
Suann Olson Vice Chair/director | 2 | $0 | |
Kay Zander-Woock Treasurer/secretary/director | 2 | $0 | |
Denise Dockter-Kambeitz Director (thru May '22) | 2 | $0 | |
Kilee Harmon Executive Director | 40 | $140,000 | |
Mariana P Marques Executive Director | 40 | $91,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $14,527 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,649 |
| Capital Gain Net Income | $47,649 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $231,488 |
| Pension plans, employee benefits | $8,880 |
| Interest | $0 |
| Taxes | $20,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,533 |
| Total operating and administrative expenses | $305,310 |
| Contributions, gifts, grants paid | $257,607 |
| Total expenses and disbursements | $562,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $81,491 |
| 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 | $67,001 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $394,609 |
| Accounts payable and accrued expenses | $7,048 |
| 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 | $7,048 |
Grants Awarded
Over the last fiscal year, Rockstad Foundation has awarded $257,607 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GAIA HOME PURPOSE: ESTABLISHMENT OF A RESIDENTIAL AND-OF-LIFE FACILITY IN BISMARCK, ND. | $245,107 |
THE INNOVATION SCHOOL PURPOSE: PROVIDE TUITION ASSISTANCE TO NEW STUDENTS | $10,000 |
THE BANQUET AT TRINITY LUTHERAN CHURCH PURPOSE: PROVIDE COMMUNITY MEALS | $2,500 |