Solid Rock Foundation
- Assets
- $5.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Phoenix, AZ
- Founding
- 08/1996
- Data as of
- 06/2022
- EIN
- 86-0808609
Organization Overview
Solid Rock Foundation is located in Phoenix, AZ. The organization was established in 1996. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Solid Rock Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solid 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 06/2022, Solid Rock Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 17.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A TEEN CENTER WITH MUSIC, DANCE, ART, AND OTHER PROGRAMS ORIENTED TO CHRISTIAN MINISTRY. CENTER IS IN PHOENIX AZ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE THE TEEN CENTER IN PHOENIX WITH MUSIC AND DANCE PROGRAMS, AFTERSCHOOL TUTORING, WITH AN EMPHASIS ON CHRISTIAN MINISTRY FOR THE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Moore Executive Director | 40 | $99,000 | |
Robert Korljan Treasurer | OfficerTrustee | 2 | $0 |
Alice Cooper Director | Trustee | 2 | $0 |
Cindy Gombert Director | Trustee | 2 | $0 |
David R Baldwin President | OfficerTrustee | 2 | $0 |
Sheryl Cooper Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $618,210 |
| Related organizations | $0 |
| Government grants | $76,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $904,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,599,039 |
| Total Program Service Revenue | $0 |
| Investment income | $21,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,448 |
| Net Income from Fundraising Events | $943,769 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,574,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,960 |
| Compensation of current officers, directors, key employees. | $30,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,835 |
| Pension plan accruals and contributions | $13,472 |
| Other employee benefits | $0 |
| Payroll taxes | $51,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $385,700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,545 |
| Fees for services: Other | $5,899 |
| Advertising and promotion | $0 |
| Office expenses | $14,399 |
| Information technology | $4,127 |
| Royalties | $0 |
| Occupancy | $171,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,289 |
| Insurance | $41,605 |
| All other expenses | $9,883 |
| Total functional expenses | $1,527,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,957 |
| Savings and temporary cash investments | $2,026,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $875,702 |
| Investments—publicly traded securities | $1,889,712 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,251 |
| Total assets | $5,208,484 |
| Accounts payable and accrued expenses | $19,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,086 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,189,398 |
| Total liabilities and net assets/fund balances | $5,208,484 |