Thomas A Rodgers Jr Family Foundation
- Assets
- $27.5m
- Revenue
- $1.5m
- Investments
- $26.8m
- Employees
- 0
- Location
- Newport, RI
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 04-3442439
Organization Overview
Thomas A Rodgers Jr Family Foundation is located in Newport, RI. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thomas A Rodgers Jr Family 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, Thomas A Rodgers Jr Family Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 6 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.
Since 2015, Thomas A Rodgers Jr Family Foundation has awarded 236 individual grants totaling $8,115,020. 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 |
|---|---|---|---|
Sarah Mcneill Pres/dir/sec | 5 | $0 | |
Thomas A Rodgers IV Dir/treas. | 5 | $0 | |
Robert F Stoico Dir | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/22 | $75,947 |
Goldman Sachs | 12/30/22 | $53,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $800,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $373,332 |
| Capital Gain Net Income | $373,332 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $357,362 |
| Total Revenue | $1,531,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $48,820 |
| Depreciation | $0 |
| Occupancy | $12,850 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,090 |
| Total operating and administrative expenses | $342,508 |
| Contributions, gifts, grants paid | $1,565,080 |
| Total expenses and disbursements | $1,907,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $646,307 |
| 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 | $2,740,673 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,459,401 |
| 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 | $10,220 |
| Total liabilities | $10,220 |
Grants Awarded
Over the last fiscal year, Thomas A Rodgers Jr Family Foundation has awarded $1,565,080 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP STANG HIGH SCHOOL PURPOSE: GAME ON FIELD CAMPAIGN | $25,000 |
BOY CLUBS & GIRLS CLUBS OF NEWPORT COUNTY INC PURPOSE: GENERAL & UNRESTRICTED | $85,000 |
BISHOP CONNOLLY HIGH SCHOOL PURPOSE: TUITION ASSISTANCE | $30,000 |
BRISTOL COMMUNITY COLLEGE FOUNDATION INC PURPOSE: SCHOLARSHIP FUND | $125,000 |
EASTER SEALS INC PURPOSE: EARLY INTERVENTION PROGRAM | $10,000 |
CYSTIC FIBROSIS FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |