Kid Rock Foundation FY2022 filing

Tax-deductible

Tequesta, FL501(c)(3)EducationEIN 80-0320048Revenue $14K in FY2022

On file with the IRSPo Box 3876, 33469-1013 · Tequesta, FLTax-exempt since May 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To support children's and veterans' charities and to encourage music education/performance

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $193K a year · 57% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1074 mo
of spending, in cash
Looks good: 1074.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14K
×117 vs prior year
Spent
$607
To programs
82%
Net assets
$54K
By yearFY2020–FY2024
Revenue
$14K
FY2022▲ ×117
Tap a bar for its year
Revenue by fiscal year
FY2020$101K
FY2021$119
FY2022$14K
FY2023$87K
FY2024$1.2M
Expenses
$607
FY2022▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2021$159K
FY2022$607
FY2023Not on file
FY2024$292K
Net assets
$54K
FY2022▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$200K
FY2021$41K
FY2022$54K
FY2023$24K
FY2024$957K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $500 Management & general 18% · $107

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Director/President
$0Pt VII · Sec A
Director/VP/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kid Rock Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports children's and veterans' charities, promoting music education and performance.

Questions for Kid Rock Foundation

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Provided by the organization

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1 program · $500 · in their own filed words · FY2022
01

See grants paid on schedule I

$500program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 20 grants · $538K · 2020–2024
You Were Worth IT FoundationCA · FY2024$60,790
Sentinel FoundationNC · FY2024$52,500
Americas Future INCFL · FY2024$32,000
St Mary SchoolFY2024$20,000
Samaritans PurseNC · FY2024$20,000
The Christian Anthony FoundationFY2024$15,582
Rising Star FoundationMN · FY2024$10,000
Green Beret FoundationNC · FY2024$10,000
Nf ForwardMI · FY2024$7,500
30 Day Fund INCPA · FY2021$100,000
Open Hands Food PantryMI · FY2020$10,000
See all 20 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$14K
Ln 12
Gifts and grantsLn 1h$14K
Investment incomeLn 3$72
Money outPt IX
$607
Ln 25
Programscol B$500
Managementcol C$107
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$54K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Investment incomeLn 3$72
Gains on assetsLn 7$0
Total revenueLn 12$14K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$54K
Cash and savings togetherLn 1–2$54K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$54K
LiabilitiesLn 26$0
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$41K$54K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$41K$54K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$107$0$107$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Total functional expensesLn 25$607$500$107$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$292K$933K$957K 990 PDF
FY2023 $87K$24K 990 PDF
FY2022 Viewing $14K$607$13K$54K 990 PDF
FY2021 $119$159K−$158K$41K 990 PDF
FY2020 $101K$119K−$18K$200K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $13,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70$13,811
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $49$72
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $119$13,883
I-13 Grants and similar amounts paidPrior year $158,025$500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $564$107
I-18 Total expensesPrior year $158,589$607
I-19 Revenue less expensesPrior year −$158,470$13,276
Part VI · Governance 2 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $13,883 across 8 lines filed
VIII-1f All other contributions, gifts and grants$13,811
VIII-1h Total contributions, gifts and grants$13,811
VIII-3 Investment incomeExcluded from tax $72$72
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $72$13,883
Part IX · Statement of functional expenses $607 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $0 · Management $107 · Fundraising $0$107
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-25 Total functional expensesPrograms $500 · Management $107 · Fundraising $0$607
Part X · Balance sheet $54,347 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $41,071$54,347
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $41,071$54,347
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $41,071$54,347
X-33 Total liabilities and net assetsStart of year $41,071$54,347
Part XI · Reconciliation of net assets $54,347 net assets at year end
XI-1 Total revenue$13,883
XI-2 Total expenses$607
XI-3 Revenue less expenses$13,276
XI-4 Net assets at start of year$41,071
XI-10 Net assets at end of year$54,347

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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