Lone Rock Foundation
- Assets
- $94.4m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Cruz, CA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2437632
Organization Overview
Lone Rock Foundation is located in Santa Cruz, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Lone Rock 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 12/2021, Lone Rock Foundation generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST EDUCATIONAL EVENTS, MEETINGS, CONFERENCES, AND RETREATS FOR SECTION 501(C)(3) ORGANIZATIONS BUT PRIORITIZING THE ORGANIZATIONS THAT SUPPORT EDUCATION. THE CONFERENCE AND RETREAT CENTER WAS UNDER CONSTRUCTION AS OF DECEMBER 31, 2020.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Dee CEO | 40 | $440,000 | |
Randa Huleis Manager | 40 | $114,423 | |
David Stigall Manager | 40 | $58,462 | |
Wilmot Hastings Director President | 1 | $0 | |
Kevin Hall Director Secretary | 1 | $0 | |
Kim Smith Director Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,000,000 |
| Interest on Savings | $1,275 |
| Dividends & Interest | $0 |
| Net Rental Income | $191,237 |
| 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 | $8,565,645 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $440,000 |
| Other employee salaries and wages | $998,952 |
| Pension plans, employee benefits | $138,202 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $381,353 |
| Travel, conferences, and meetings | $22,789 |
| Printing and publications | $547 |
| Other expenses | $648,828 |
| Total operating and administrative expenses | $2,789,758 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,789,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,356,428 |
| Net Accounts receivable | $108,241 |
| 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 | $90,931,425 |
| Other assets | $33,734 |
| Total assets | $94,429,828 |
| Accounts payable and accrued expenses | $90,363 |
| 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 | $90,363 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lone Rock Foundation has recieved totaling $20,000,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $20,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |