Rockwell Fund Inc
- Assets
- $77.5m
- Revenue
- $3.3m
- Investments
- $69.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1951
- Data as of
- 12/2020
- EIN
- 74-6040258
Organization Overview
Rockwell Fund Inc is located in Houston, TX. The organization was established in 1951. 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. Rockwell Fund 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 12/2020, Rockwell Fund Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rockwell Fund Inc has awarded 177 individual grants totaling $12,090,614. 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 |
|---|---|---|---|
Margaret E Mcconn Vp, Cfo, Cio | 35 | $319,823 | |
Ronald C Lewis Pres CEO Sec | 35 | $315,000 | |
Donald A Titcombe Senior Prog | 0 | $112,522 | |
Michelle H Sealey Accountant | 0 | $98,800 | |
Judy A Ahlgrim Grants Mgr/o | 0 | $66,500 | |
Olivia N Ekeke Program Asso | 0 | $44,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,363 |
| Dividends & Interest | $2,150,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,057,286 |
| Capital Gain Net Income | $2,749,333 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,953,335 |
| Total Revenue | $3,258,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $829,373 |
| Other employee salaries and wages | $330,923 |
| Pension plans, employee benefits | $279,843 |
| Interest | $0 |
| Taxes | $95,975 |
| Depreciation | $2,035 |
| Occupancy | $70,871 |
| Travel, conferences, and meetings | $2,123 |
| Printing and publications | $0 |
| Other expenses | $82,460 |
| Total operating and administrative expenses | $1,793,495 |
| Contributions, gifts, grants paid | $3,804,762 |
| Total expenses and disbursements | $5,598,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,545 |
| Savings and temporary cash investments | $6,770,830 |
| 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 | $350,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,994 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $308,294 |
| Investments—other | $11,419,406 |
| Net Land, buildings, and equipment | $7,434 |
| Other assets | $315,150 |
| Total assets | $77,459,955 |
| 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, Rockwell Fund Inc has awarded $3,681,090 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE OF COMM ASST MINISTRIES PURPOSE: GENERAL OPERATING SUPPORT | $225,000 |
UNIV OF TX HEALTH SCIENCE CENTER PURPOSE: WE CAN DO MORE EXPANSION | $200,000 |
Houston, TX PURPOSE: MIDDLE SCHOOL PROGRAMMING | $200,000 |
PRISON ENTREPRENEURSHIP PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Houston, TX PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Bellaire, TX PURPOSE: TUTORING PROGRAM OPERATIONS (COVID) | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |