Rowan Foundation
- Assets
- $27.1m
- Revenue
- $203.2k
- Investments
- $22.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 87-4069634
Organization Overview
Rowan Foundation is located in Chicago, IL. 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. Rowan 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, Rowan Foundation generated $203.2k in total revenue.
Since 2022, Rowan Foundation has awarded 12 individual grants totaling $674,127. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAXPAYER ALLOCATES FUNDS TO CHARITABLE PURPOSES IN ACCORDANCE WITH FOUNDATION GUIDELINES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Kinney Director | 0.05 | $0 | |
Lisa L Sandquist Director | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $252,347 |
| Interest on Savings | $210 |
| Dividends & Interest | $41,217 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$94,831 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,285 |
| Total Revenue | $203,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,154 |
| Printing and publications | $0 |
| Other expenses | $103,458 |
| Total operating and administrative expenses | $338,464 |
| Contributions, gifts, grants paid | $674,127 |
| Total expenses and disbursements | $1,012,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,362,447 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,135,919 |
| 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 | $2,164 |
| Total liabilities | $2,164 |
Grants Awarded
Over the last fiscal year, Rowan Foundation has awarded $674,127 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL IMMIGRANT JUSTICE CENTER PURPOSE: GENERAL OPERATING SUPPORT. | $10,000 |
TELLURIDE ANGEL BASKETS PURPOSE: GENERAL OPERATING SUPPORT. | $15,000 |
TRI COUNTY HEALTH NETWORK PURPOSE: GENERAL OPERATING SUPPORT. | $25,000 |
CHICAGO PUBLIC MEDIA PURPOSE: GENERAL OPERATING SUPPORT. | $10,000 |
MUSEUM OF CONTEMPORARY PHOTOGRAPHY PURPOSE: GENERAL OPERATING SUPPORT. | $30,000 |
CROSSROADS FUND PURPOSE: GENERAL OPERATING SUPPORT. | $50,000 |