Rockets Foundation
- Assets
- $24.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Carmel, IL
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 90-0803486
Organization Overview
Rockets Foundation is located in Mount Carmel, IL. The organization was established in 2014. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Rockets 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, Rockets Foundation generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clayton Stevens Director | 2 | $0 | |
Katelyn Johnson Director | 2 | $0 | |
Michael Ile Director | 2 | $0 | |
Abraham Naas Director | 2 | $0 | |
Amy Woodcock Director | 2 | $0 | |
Melissa Strine Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,105 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,345 |
| Other Revenue | $0 |
| Total Revenue | $20,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,632 |
| Total expenses | $17,707 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,997 |
| Other assets | $0 |
| Total assets | $23,997 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,997 |
Peer Organizations
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|---|---|---|
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |
Pillars Fund Chicago, IL | $11,143,935 | $11,056,329 |
Bears Care Lake Forest, IL | $727,551 | $2,014,818 |