Rockstad Foundation
- Assets
- $1.1m
- Revenue
- $194.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2468000
Organization Overview
Rockstad Foundation is located in Bismarck, ND. The organization was established in 2016. 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. Rockstad 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, Rockstad Foundation generated $194.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $674.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rockstad Foundation has awarded 15 individual grants totaling $573,004. 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 |
|---|---|---|---|
Kilee Harmon Executive Director | 40 | $140,000 | |
Mariana P Marques Executive Director | 40 | $91,488 | |
Terrance M Rockstad President/director | 2 | $0 | |
Suann Olson Vice Chair/director | 2 | $0 | |
Denise Dockter-Kambeitz Director | 2 | $0 | |
Petrea Kaldahl-Klein Director (until Dec. '21) | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $32,712 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,750 |
| Capital Gain Net Income | $117,750 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,741 |
| Total Revenue | $194,215 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $231,488 |
| Pension plans, employee benefits | $8,767 |
| Interest | $0 |
| Taxes | $18,086 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $564 |
| Printing and publications | $12,194 |
| Other expenses | $2,826 |
| Total operating and administrative expenses | $384,365 |
| Contributions, gifts, grants paid | $290,566 |
| Total expenses and disbursements | $674,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,936 |
| 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 | $274,072 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,066,171 |
| Accounts payable and accrued expenses | $8,008 |
| 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 | $8,008 |
Grants Awarded
Over the last fiscal year, Rockstad Foundation has awarded $290,566 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBAL WATER CENTER PURPOSE: MOBILE DISCOVERY CENTER AND GLOBAL WATER RESOURCE CENTER PROJECTS. | $150,000 |
Fairfield, CT PURPOSE: PROJECTS TO IMPROVE THE EARLY CHILDHOOD SCHOOL ENVIRONMENT IN INDIA. | $51,410 |
Bismarck, ND PURPOSE: ESTABLISHMENT OF A RESIDENTIAL AND-OF-LIFE FACILITY IN BISMARCK, ND. | $46,656 |
BISMARCK STATE COLLEGE PURPOSE: FELLOWSHIP PROGRAM TO PROMOTE THE RESEARCH, STUDY, PUBLICATION OR DEMONSTRATION OF SCHOLARLY AND SKILLED WORK RELATED TO AREAS OF STUDY THAT BENEFIT THE PUBLIC | $30,000 |
Bismarck, ND PURPOSE: PROVIDE TUITION ASSISTANCE TO NEW STUDENTS | $10,000 |
THE BANQUET AT TRINITY LUTHERAN CHURCH PURPOSE: PROVIDE COMMUNITY MEALS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |
Rob and Terry Ryan Foundation (MONTANA) INC Hamilton, MT | $0 | $1,856,642 |
Kaena Foundation Minneapolis, MN | $0 | $2,288,902 |