Private foundation (trust)EIN 421293260Est. 1988-01
ROCK RAPIDS AREA DEVELOPMENT FOUNDATION
ROCK RAPIDS, IA 51246
Accepts unsolicited proposalsTotal Assets
$2.2M
FY 2023
Annual Giving
$652K
FY 2023
Grants Made
2
FY 2023
Avg Grant
$326K
FY 2023
Grant Range
$202K–$450K
Typical
Deadlines
Open / rolling
Applications
Programs & Activities
Program 1
The foundation is working in correlation with the rock rapids development corporation to stimulate commercial growth and job opportunities for citizens of the city of rock rapids. The foundation has been acquiring desired property and contructing commercial spec buildings. Upon completion, the foundation is selling the buildings at a reasonable price to an existing business for relocation or expansion or a new business to the community.
Financial Snapshot
2023 filing
Total Revenue
$179K
Total Expenses
$679K
Qualifying Distributions
$658K
Distributable Amount
$108K
Min. Investment Return
$108K
Payout rate
Qualifying distributions as a share of distributable amount.
Giving Over Time
2 years
Total dollars recorded per filing year. Scale adjusts to the foundation's range.
Top Recipients
22 grants
Grant Size Distribution
22 grants
Geographic Focus
1 states
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