The Rogers Foundation
- Assets
- $79.8m
- Revenue
- $710.3k
- Investments
- $49.4m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-2340132
Organization Overview
The Rogers Foundation is located in Las Vegas, NV. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rogers 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 12/2022, Rogers Foundation generated $710.3k 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 (22.4%) each year. All expenses for the organization totaled $8.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rogers Foundation has awarded 202 individual grants totaling $30,077,365. 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 |
|---|---|---|---|
Rory Reid Trustee | 0 | $0 | |
Beverly Rogers Trustee | 0 | $0 | |
Rory Reid President | 40 | $206,185 | |
Beverly Rogers Chairwoman | 40 | $201,346 | |
Michelle Sanders COO | 40 | $149,862 | |
Amanda Morgan Legal Counsel | 40 | $102,721 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $118,146 |
| Interest on Savings | $13,198 |
| Dividends & Interest | $711,670 |
| Net Rental Income | $130,394 |
| Net Gain on Sale of Assets | -$97,046 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$166,093 |
| Total Revenue | $710,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $345,019 |
| Other employee salaries and wages | $583,707 |
| Pension plans, employee benefits | $71,447 |
| Interest | $348,280 |
| Taxes | $153,690 |
| Depreciation | $268,382 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,164 |
| Printing and publications | $0 |
| Other expenses | $887,177 |
| Total operating and administrative expenses | $3,160,491 |
| Contributions, gifts, grants paid | $5,029,156 |
| Total expenses and disbursements | $8,189,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,692,804 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $105,250 |
| 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 | $49,385,936 |
| Net Land, buildings, and equipment | $8,140,229 |
| Other assets | $15,465,935 |
| Total assets | $79,790,154 |
| Accounts payable and accrued expenses | $51,255 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $13,551,331 |
| Other liabilities | $15,928 |
| Total liabilities | $13,618,514 |
Grants Awarded
Over the last fiscal year, The Rogers Foundation has awarded $4,437,076 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK MOUNTAIN INSTITUTE PURPOSE: EDUCATIONAL PURPOSES | $45,456 |
NEVADA STATE COLLEGE FOUNDATION PURPOSE: EDUCATIONAL PURPOSES | $500,000 |
THE SMITH CENTER FOR THE PERFORMING PURPOSE: EDUCATIONAL PURPOSES | $200,000 |
KENTUCKY WESLEYAN COLLEGE PURPOSE: SCHOLARSHIPS | $1,466,404 |
CORE ACADEMY PURPOSE: EDUCATIONAL PURPOSES | $423,900 |
LADIES IN TRAINING PURPOSE: EDUCATIONAL PURPOSES | $28,469 |