Living Rock Foundation
- Assets
- $4.2m
- Revenue
- $151.9k
- Investments
- $3.6m
- Employees
- 0
- Location
- Southlake, TX
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-1656663
Organization Overview
Living Rock Foundation is located in Southlake, TX. The organization was established in 2012. 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. Living Rock 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 12/2023, Living Rock Foundation generated $151.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $79.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (31.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Living Rock Foundation has awarded 46 individual grants totaling $660,386. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE ACTIVITIES OF LIVING STONES FOUNDATION CHARITABLE TRUST (A $30M VOLUNTEER-RUN PUBLIC CHARITY WHICH MAKES $1M-$2M OF ANNUAL GRANTS) BY PROVIDING PERSONNEL FOR PART-TIME SECRETARIAL, MANAGEMENT, AND ALTERNATIVE INVESTMENT IDENTIFICATION FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Eldred Chairman/trustee | 20 | $609 | |
Roberta E Eldred President/trustee | 2 | $0 | |
Alex Brubaker Vice President/trustee | 40 | $11,883 | |
Kary Eldred Trustee | 20 | $3,552 | |
Monica Eldred Trustee | 2 | $0 | |
Justin Eldred Treasurer/trustee | 40 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,630 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $158,470 |
| Total Revenue | $151,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,044 |
| Other employee salaries and wages | $2,966 |
| Pension plans, employee benefits | $1,255 |
| Interest | $6 |
| Taxes | $1,150 |
| Depreciation | $445 |
| Occupancy | $431 |
| Travel, conferences, and meetings | $3,598 |
| Printing and publications | $0 |
| Other expenses | $32,452 |
| Total operating and administrative expenses | $69,847 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $79,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,038 |
| Savings and temporary cash investments | $315,772 |
| Net Accounts receivable | $28,963 |
| 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 | $1,308,496 |
| Net Land, buildings, and equipment | $5,183 |
| Other assets | $251,431 |
| Total assets | $4,204,932 |
| Accounts payable and accrued expenses | $1,545 |
| 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 | $1,545 |
Grants Awarded
Over the last fiscal year, Living Rock Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OC INTERNATIONAL PURPOSE: CHARITABLE AND RELIGIOUS SUPPORT | $6,000 |
IGLESIA EVANGLICA DE COBENA PURPOSE: CHARITABLE AND RELIGIOUS SUPPORT | $4,000 |