Rodney Fund
- Assets
- $31.5m
- Revenue
- $156.2k
- Investments
- $31.1m
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 38-3030437
Organization Overview
Rodney Fund is located in West Bloomfield, MI. The organization was established in 1992. 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. Rodney Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Rodney Fund has awarded 84 individual grants totaling $4,091,600. 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 |
|---|---|---|---|
Leigh Rodney Director | 0 | $0 | |
Steven Thomas Director | 0 | $20,000 | |
Steve Rude Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $10,249 |
| Dividends & Interest | $679,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$616,085 |
| Capital Gain Net Income | $1,196 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $47,728 |
| Total Revenue | $156,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $211,949 |
| Total operating and administrative expenses | $231,949 |
| Contributions, gifts, grants paid | $1,610,000 |
| Total expenses and disbursements | $1,841,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,453 |
| 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 | $28,651 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,549,729 |
| 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, Rodney Fund has awarded $1,610,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INST FOR ECONOMIC RESEARCH PURPOSE: GENERAL FUNDING 501(C)3 | $25,000 |
CAPTIAL RESEARCH FOUNDATION PURPOSE: GENERAL FUNDING 501(C)3 | $40,000 |
CENTER FOR INDEPENDENT THOUGHT PURPOSE: GENERAL FUNDING 501(C)3 | $40,000 |
COMPETITVE ENTERPRISE INC PURPOSE: GENERAL FUNDING 501(C)3 | $15,000 |
FOUNDATION FOR AMERICAN STUDIES PURPOSE: GENERAL FUNDING 501(C)3 | $20,000 |
FOUNDATION FOR ECON EDUCA PURPOSE: GENERAL FUNDING 501(C)3 | $80,000 |