Roop Family Foundation Inc
- Assets
- $8.9m
- Revenue
- $155.7k
- Investments
- $8.5m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-5886802
Organization Overview
Roop Family Foundation Inc is located in Lexington, KY. The organization was established in 2007. 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. Roop Family 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 12/2023, Roop Family Foundation Inc generated $155.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $844.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Roop Family Foundation Inc has awarded 37 individual grants totaling $1,182,662. 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 |
|---|---|---|---|
Earl E Roop Jr Director And President | 40 | $278,398 | |
Laury Roop Secretary And Director | 35 | $52,075 | |
Gerrie Clark Treasurer And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,004 |
| Interest on Savings | $0 |
| Dividends & Interest | $240,925 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$104,516 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,277 |
| Total Revenue | $155,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $330,473 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $17,953 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $24,832 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $134,371 |
| Total operating and administrative expenses | $588,191 |
| Contributions, gifts, grants paid | $256,700 |
| Total expenses and disbursements | $844,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,111 |
| Savings and temporary cash investments | $0 |
| 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 | $8,944,660 |
| 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, Roop Family Foundation Inc has awarded $517,212 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
OUR FATHER'S CHILDREN PURPOSE: SUPPORT | $25,000 |
ALLIES IN YOUTH DEVELOPMENT PURPOSE: SUPPORT | $18,000 |
TEXAS ACADEMY 4 PURPOSE: SUPPORT | $51,000 |
CENTRAL KY YOUTH ORCHESTRA PURPOSE: SUPPORT | $5,000 |
PREGNANCY HELP 4 U PURPOSE: SUPPORT | $20,000 |
APPALACHIAN PREGNANCY CARE CENTER PURPOSE: SUPPORT | $10,000 |