Roever Foundation INC EIN 75-2354959 Form 990 (PDF) Claim this org

Roever Foundation INC FY2020 filing

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Inspires students and supports wounded warriors through assemblies and programs. For fiscal year 2020 it reported $410K in revenue, $407K in expenses, and $114K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Fort Worth, TX
Website
daveroever.org
Filings
5 on file (2020–2020)
Revenue
$410KFY2020
Expenses
$407K
Net assets
$114K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2354959 Public charity (501(c)(3)) Fort Worth, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Inspires students and supports wounded warriors through assemblies and programs.
Leadership
Dave Roever · President/Di
Money in and out
$410K revenue, $407K expenses
Bottom line
92% program efficiency
Where the money goes · FY2020
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$407K
Pt IX · Ln 25
Net assets
$114K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.06 Fundraising $0.02
Program efficiency
92%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$410K
FY2020
Expenses
$407K
FY2020
Total assets
$177K
FY2020
Total liabilities
$63K
FY2020
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$407K
Pt IX · Ln 25
Net assets
$114K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$177K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $374K of program spending, described in the organization's own filed words · FY2020.
01

Roever foundation, inc. Wounded service-member program conducts seminars and training sessions for veterans and active duty service members along with their family members dedicated to resiliency, overcoming physical injury and post-traumatic stress. Over 15,000 people participated in the programs in 2019.

$314Kprogram expense
02

Roever foundation, inc. Lectures in public high schools throughout the united states on pertinent problems experienced by youth: self esteem, peer pressure, texting and driving, substance abuse, suicide, etc. In 2019, 12,000 students participated in the high school program.

$60Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRoever Foundation INC
EINHdr · item D75-2354959
Principal addressHdr · item CFort Worth, TX
WebsiteHdr · item Jdaveroever.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFApr 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Pres/Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Sec/Treas/Di
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$404K · 98%
Other revenue$6K · 2%
Contributions & grants98%$404K
Other revenue2%$6K
Total revenueLn 12$410K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.06 Fundraising $0.02
Program services92%$374K
Management & general6%$25K
Fundraising2%$8K
Total functional expensesLn 25$407K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$177K
Total liabilitiesLn 26$63K
Total net assetsLn 32$114K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35K · Operating expenses/yr $407K
1.0 months
Where the money goes
Program services
Program services $374K · Total expenses $407K
92%
Management & General
Management & general $25K · Total expenses $407K
6%
Fundraising
Fundraising $8K · Total expenses $407K
2%
Cost to raise $1
Fundraising expense $8K · Solicited contributions $404K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $404K · Total revenue $410K
98%
Government reliance
Government grants — · Total revenue $410K
Earned-income share
Program service revenue $0 · Total revenue $410K
0%
Investment reliance
Investment income $0 · Total revenue $410K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $407K
0%
Growth & trend
Revenue growth (YoY)
This year $410K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $114K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $410K · Expenses $407K
+0.7%
Liabilities-to-Assets
Total liabilities — · Total assets $177K
Net-asset ratio
Net assets $114K · Total assets $177K
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $177K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dave Roever · Reported title PRESIDENT/DI · Highest reported compensation $0 · Total expenses $407K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $407K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 6%
Fundraising cost ratio 2%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$31K
See all 4 funders →
Grants paid · 3 grants · $622K · 2020–2023

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$198K revenue · ⤓ 990 PDF
FY2023$343K revenue · ⤓ 990 PDF
FY2022$375K revenue · ⤓ 990 PDF
FY2021$262K revenue · ⤓ 990 PDF
FY2020$410K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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