Rock Corner Foundation Inc
- Assets
- $519.5k
- Revenue
- $108.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Forest City, NC
- Founding
- 12/2017
- Data as of
- 11/2022
- EIN
- 81-4489379
Organization Overview
Rock Corner Foundation Inc is located in Forest City, NC. The organization was established in 2017. 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. Rock Corner 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 11/2022, Rock Corner Foundation Inc generated $108.4k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $32.4k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAMARITIANS PURSE
SHARING GOD'S LIGHT
YOUNG LIFE
2ND BAPTIST CHURCH
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 |
|---|---|---|---|
Tammy W Carpenter President | 5 | $0 | |
Thomas R Carpenter V-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,372 |
| 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 | $108,372 |
| 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 | $0 |
| Total operating and administrative expenses | $1,050 |
| Contributions, gifts, grants paid | $31,335 |
| Total expenses and disbursements | $32,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,220 |
| Savings and temporary cash investments | $391,296 |
| 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 | $519,516 |
| 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, Rock Corner Foundation Inc has awarded $31,335 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
2ND BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $2,000 |
BILLY GRAHAM EVANGELISTIC ASSOCIATION PURPOSE: GENERAL OPERATIONS | $2,000 |
BLUE RIDGE BROADCASTING PURPOSE: GENERAL OPERATIONS | $1,000 |
CBS INTERNATIONAL PURPOSE: GENERAL OPERATIONS | $1,000 |
GRACE OF GOD MISSION PURPOSE: GENERAL OPERATIONS | $1,000 |
NEW SPRING CHURCH PURPOSE: GENERAL OPERATIONS | $1,000 |