The Rones Foundation
- Assets
- $1.3m
- Revenue
- $75.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 08/1996
- Data as of
- 12/2021
- EIN
- 38-3306198
Organization Overview
The Rones Foundation is located in West Bloomfield, MI. The organization was established in 1996. 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. Rones 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, Rones Foundation generated $75.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $103.3k during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 5 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 2018, Rones Foundation has awarded 39 individual grants totaling $234,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rona Rones Trustee | 0 | $4,000 | |
Todd I Rones Trustee | 0 | $4,000 | |
Jonathon L Rones Trustee | 0 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,862 |
| Dividends & Interest | $36,195 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,473 |
| Capital Gain Net Income | $30,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,528 |
| Total Revenue | $75,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $67 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,590 |
| Total operating and administrative expenses | $18,782 |
| Contributions, gifts, grants paid | $84,500 |
| Total expenses and disbursements | $103,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,303 |
| 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 | $271,734 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,349,684 |
| 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, The Rones Foundation has awarded $84,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HEBREW FREE LOAN PURPOSE: CARRY OUR PURPOSE OF ORGANIZATION | $10,000 |
MARY'S MANTLE PURPOSE: CARRY OUT PURPOSE OF ORGANIZATION | $10,000 |
West Bloomfield, MI PURPOSE: CARRY OUT PURPOSE OF ORGANIZATION | $10,000 |
Berkley, MI PURPOSE: CARRY OUT PURPOSE OF ORGANIZATION | $10,000 |
ST JUDE CHILDREN'S HOSPITAL PURPOSE: CARRYOUT PURPOSE OF ORGANIZATION | $10,000 |
Lawrence, NY PURPOSE: CARRY OUT PURPOSE OF ORGANIZATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Rones Foundation has recieved totaling $687,500.
| Awarding Organization | Amount |
|---|---|
Geist Foundation West Orange, NJ PURPOSE: GENERAL GRANT | $687,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |