Roaring Gap Foundation
- Assets
- $302.5k
- Revenue
- $132.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2527101
Organization Overview
Roaring Gap Foundation is located in Charlottesville, VA. The organization was established in 2019. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roaring Gap 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, Roaring Gap Foundation generated $132.0k 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 (17.6%) each year. All expenses for the organization totaled $149.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Roaring Gap Foundation has awarded 44 individual grants totaling $547,443. 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 |
|---|---|---|---|
John Sensenbrenner President | 0.5 | $0 | |
Gray Mccaskill Treasurer | 0.5 | $0 | |
Martha Baker Board Member | 0.5 | $0 | |
Tom Beischer Board Member | 0.5 | $0 | |
Lucinda Jones Board Member | 0.5 | $0 | |
Dina Jennings Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,055 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8 |
| Capital Gain Net Income | $1,727 |
| Net ST Capital Gain | $0 |
| Income Modifications | $10,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,000 |
| Total Revenue | $132,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $719 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,470 |
| Total operating and administrative expenses | $6,389 |
| Contributions, gifts, grants paid | $143,455 |
| Total expenses and disbursements | $149,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,980 |
| Savings and temporary cash investments | $0 |
| 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 | $124,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $302,480 |
| 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, Roaring Gap Foundation has awarded $143,455 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Sparta, NC PURPOSE: SCHOLARSHIP | $56,100 |
WILKES COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $24,000 |
Boone, NC PURPOSE: GENERAL | $20,000 |
Sparta, NC PURPOSE: GENERAL | $10,382 |
Sparta, NC PURPOSE: GENERAL | $10,000 |
Sparta, NC PURPOSE: GENERAL | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roaring Gap Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Guy K And Katharine I Mitchell Foundation Bessemer, AL PURPOSE: UNRESTRICTED | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pt Fund Inc Washington, DC | $1,857,256 | $2,899,847 |
Centerstone Military Services Inc Nashville, TN | $1,764,392 | $3,661,896 |
Christopher Coffland Memorial Fund Inc Timonium, MD | $647,690 | $1,477,090 |
Kids Cancer Alliance Inc Louisville, KY | $1,595,560 | $1,331,527 |
Neal C Nichols Foundation Inc Falls Church, VA | $11,503,189 | $4,263,085 |
Bowlers To Veterans Link Inc Fairfax, VA | $2,168,201 | $1,273,730 |
Rouben And Violet Jiji Foundation Towson, MD | $13,701,428 | $480,892 |
America Salutes You Llc Mclean, VA | $198,314 | $662,144 |
Coalfield Water Development Fun Inc Coeburn, VA | $20,428,381 | $814,226 |
Warrior Reunion Foundation Cockeysville, MD | $331,681 | $550,232 |
Jason And Adriana West Foundation Cary, NC | $5,027,452 | $160,716 |
Cleveland High School Band Parents Association Garner, NC | $80,928 | $387,764 |