Solid Rock Foundation
- Assets
- $62.2m
- Revenue
- $12.5m
- Investments
- $58.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 94-3155938
Organization Overview
Solid Rock Foundation is located in San Francisco, CA. The organization was established in 1992. 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. Solid Rock 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, Solid Rock Foundation generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solid Rock Foundation has awarded 145 individual grants totaling $13,925,000. 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 |
|---|---|---|---|
Mayo Shattuck IV President | 2 | $0 | |
Kathleen Markov Vice President | 1 | $0 | |
Joseph Budge Treasurer | 2 | $0 | |
Willa Callahan Secretary | 1 | $0 | |
Elizabeth Budge D'hemery Board Member | 1 | $0 | |
Jennifer Budge Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Republic Bank | 12/30/23 | $119,588 |
Oxford Financial Advisors Corp | 12/30/23 | $65,867 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,129,887 |
| Interest on Savings | $16,380 |
| Dividends & Interest | $1,431,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $956,163 |
| Capital Gain Net Income | $931,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,534,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,628 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $816 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $265,493 |
| Contributions, gifts, grants paid | $2,965,000 |
| Total expenses and disbursements | $3,230,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,761 |
| Savings and temporary cash investments | $4,089,788 |
| 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 | $62,167,858 |
| 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, Solid Rock Foundation has awarded $2,965,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF SAN FRANCISCO PURPOSE: SUPPORT FOR OPERATIONS OF YOUTH PROGRAMS | $150,000 |
CITY KIDS WILDERNESS PROJECT PURPOSE: SUPPORT FOR YOUTH SUMMER CAMP AND OUTDOOR PROGRAMMING FOR STUDENTS | $150,000 |
COMPASS FAMILY SERVICES PURPOSE: OPERATIONAL SUPPORT FOR THE COMPASS CHILDREN'S CENTER | $100,000 |
DE MARILLAC ACADEMY PURPOSE: SUPPORT TUITION FREE 4TH-8TH GRADE SCHOOL FOR LOW-INCOME STUDENTS | $250,000 |
LIFEMOVES PURPOSE: PROVIDE INTERIM HOUSING WITH COMPREHENSIVE SERVICES FOR FAMILIES WITH CHILDREN | $150,000 |
HABITAT FOR HUMANITY GREATER SAN FRANCISCO PURPOSE: BUILD AFFORDABLE HOMES FOR FAMILIES WITH CHILDREN | $150,000 |