Rolander Family Foundation
- Assets
- $5.6m
- Revenue
- $107.4k
- Investments
- $5.5m
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 91-2080946
Organization Overview
Rolander Family Foundation is located in Wake Forest, NC. The organization was established in 2001. 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. Rolander Family 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 12/2023, Rolander Family Foundation generated $107.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $281.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rolander Family Foundation has awarded 298 individual grants totaling $2,456,645. 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 |
|---|---|---|---|
C Arthur Rolander III Director | 1 | $0 | |
Nancy R Leroy Vice President | 2 | $0 | |
William B Leroy Director | 1 | $0 | |
Stephen B Rolander President | 5 | $0 | |
Stephen C Leroy Secretary | 3 | $3,000 | |
W Scott Leroy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $564 |
| Dividends & Interest | $147,139 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,325 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,378 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,326 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,938 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $18,029 |
| Contributions, gifts, grants paid | $263,000 |
| Total expenses and disbursements | $281,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,698 |
| Savings and temporary cash investments | $23,766 |
| 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 | $7,622 |
| Total assets | $5,556,053 |
| 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, Rolander Family Foundation has awarded $263,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTOR'S WITHOUT BORDERS PURPOSE: PUBLIC ASSISTANCE | $5,000 |
ASSOCIATION FOR COMMUNITY LIVING PURPOSE: PUBLIC ASSISTANCE | $5,000 |
ALEXANDER FAMILY YMCA PURPOSE: PUBLIC ASSISTANCE | $5,000 |
CENTER FOR CHILD & FAMILY HEALTH PURPOSE: PUBLIC ASSISTANCE | $9,000 |
CHATHAM COUNTY HABITAT FOR HUMANITY PURPOSE: PUBLIC ASSISTANCE | $3,000 |
CITY KIDS WILDERNESS PROJECT PURPOSE: PUBLIC ASSISTANCE | $10,000 |