Robet Foundation Inc
- Assets
- $3.4m
- Revenue
- $171.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 20-5260732
Organization Overview
Robet Foundation Inc is located in Muncie, IN. The organization was established in 2008. 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. Robet 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 12/2022, Robet Foundation Inc generated $171.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $237.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robet Foundation Inc has awarded 144 individual grants totaling $1,427,100. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
18 GRANTS WERE MADE IN 2022 EACH RECIPIENT ORGANIZATION CARRIES OUT A MISSION WHICH IMPROVES THE QUALITY OF LIFE FOR PEOPLE DOMESTICALLY ANDOR ABROAD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Conner President | 0.5 | $0 | |
James P Borgmann Secretary | 0.5 | $0 | |
Brad Latour Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,690 |
| Dividends & Interest | $83,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,825 |
| Capital Gain Net Income | $82,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,073 |
| Total Revenue | $171,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,080 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,512 |
| Contributions, gifts, grants paid | $213,000 |
| Total expenses and disbursements | $237,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,500 |
| 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 | $3,440,054 |
| 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, Robet Foundation Inc has awarded $213,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
RIDHWAN FOUNDATION PURPOSE: GENERAL PURPOSE | $125,000 |
WOMENS RESOURCE CENTER PURPOSE: GENERAL PURPOSE | $7,000 |
GOODWILL INN PURPOSE: GENERAL PURPOSE | $10,000 |
LEENANAU CHRISTIAN NEIGHBORS PURPOSE: GENERAL PURPOSE | $5,000 |
INTERLOCHEN CENTER FOR THE ARTS PURPOSE: DANCE SCHOLARSHIP | $3,000 |
PLANNED PARENTHOOD OF NORTHERN MICH PURPOSE: GENERAL PURPOSE | $8,000 |