Thomas J Rolfs Foundation Inc
- Assets
- $17.9m
- Revenue
- $425.8k
- Investments
- $16.9m
- Employees
- 0
- Location
- Nashotah, WI
- Founding
- 01/1961
- Data as of
- 12/2022
- EIN
- 39-6043350
Organization Overview
Thomas J Rolfs Foundation Inc is located in Nashotah, WI. The organization was established in 1961. 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 J Rolfs 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, Thomas J Rolfs Foundation Inc generated $425.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.0%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thomas J Rolfs Foundation Inc has awarded 49 individual grants totaling $3,315,000. 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
THE THOMAS J ROLFS FOUNDATION IS ORGANIZED FOR THE SOLE PURPOSE OF MAKING CASH DONATIONS TO QUALIFYING PUBLIC CHARITIES. THE FOUNDATION DOES NOT ENGAGE IN ANY
OTHER DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire L Rolfs President | 0.3 | $15,000 | |
Thomas J Rolfs Jr Vice President | 0.3 | $15,000 | |
Theodore R Rolfs Secy/treas | 0.3 | $15,000 | |
Janet M Storr Director | 0.3 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,341 |
| Dividends & Interest | $401,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$62,482 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,537 |
| Total Revenue | $425,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,000 |
| Printing and publications | $0 |
| Other expenses | $10,462 |
| Total operating and administrative expenses | $258,525 |
| Contributions, gifts, grants paid | $1,919,000 |
| Total expenses and disbursements | $2,177,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$617 |
| Savings and temporary cash investments | $746,636 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $126,100 |
| Investments—mortgage loans | $0 |
| Investments—other | $54,748 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,867,075 |
| 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, Thomas J Rolfs Foundation Inc has awarded $1,919,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AH HAA SCHOOL FOR THE ARTS PURPOSE: GENERAL PURPOSES | $10,000 |
GALLITAN VALLEY LAND TRUST PURPOSE: GENERAL PURPOSES | $100,000 |
TEAM ECHELON PURPOSE: GENERAL PURPOSES | $15,000 |
THRESHOLD FOUNDATION PURPOSE: GENERAL PURPOSES | $5,000 |
KETTLE MORAINE YMCA PURPOSE: GENERAL PURPOSES | $5,000 |
MARQUETTE UNIVERSITY PURPOSE: GENERAL PURPOSES | $300,000 |