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Rock Rapids Area Development Foundation Inc. is a private corporation based in ROCK RAPIDS, IA. The foundation received its IRS ruling in 1988. It holds total assets of $1.7M. Annual income is reported at $353K. 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. According to available records, Rock Rapids Area Development Foundation Inc. has made 22 grants totaling $710K, with a median grant of $1K. Annual giving has grown from $58K in 2020 to $652K in 2023. Individual grants have ranged from $500 to $450K, with an average award of $32K. The foundation has supported 21 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
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.
Expenses: $7K
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. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in IA.
Rock Rapids Area Development Foundation Inc. has distributed a total of $710K across 22 grants. The median grant size is $1K, with an average of $32K. Individual grants have ranged from $500 to $450K.
LIMITED TO COMMERCIAL ACTIVITIES WITHIN THE CITY OF ROCK RAPIDS, IOWA.
Rock Rapids Area Development Foundation Inc. is headquartered in ROCK RAPIDS, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Brian Eben | Director | $0 | $0 | $0 |
| Craig Hohn | Director | $0 | $0 | $0 |
| Katie Ranney | Director | $0 | $0 | $0 |
| James Montag | Director | $0 | $0 | $0 |
| Brent Bosch | President | $0 | $0 | $0 |
| Troy Metzger |
Total Giving
$679K
Total Assets
$1.7M
Fair Market Value
$2.2M
Net Worth
$1.5M
Grants Paid
$652K
Contributions
$143K
Net Investment Income
$0
Distribution Amount
$108K
Total Grants
22
Total Giving
$710K
Average Grant
$32K
Median Grant
$1K
Unique Recipients
21
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| VfwA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Rock Rapids Development CorporationDEVELOPMENT PURPOSES IN THE COMMUNITY. | Rock Rapids, IA | $450K | 2023 |
| Lyon County Economic ConsortiumA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $40K | 2020 |
| Corral LanesA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
MIDDLETOWN, CT
CHARLESTON, MO
NAPLES, FL
DAYTONA BEACH, FL
LAKEWOOD, CO
| Director |
| $0 |
| $0 |
| $0 |
| Tom Menage | Director | $0 | $0 | $0 |
| Lisa Dieren | Vice President | $0 | $0 | $0 |
| Jordan Kordahl | Secretary/Treas | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Brenda JepsenA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. |
| Rock Rapids, IA |
| $1K |
| 2020 |
| Glenna KlaassenA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Melissa MetzgerA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Christil Rose Englert BrewerA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Rock Rapids Pizza RanchA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Sharis KitchenA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Luke SladeA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Tangled On PurposeA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Julie TimmermanA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Kay WyniaA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Rosies BoutiqueA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Fiesta BravaA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Sunshine FoodsA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Union JacksA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Jjs Tasty Drive InA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $1K | 2020 |
| Paula SpykerboerA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $500 | 2020 |
| Denese SindtA GRANT WAS GIVEN TO BUSINESSES TO ASSIST IN THE ONGOING BUSINESS DIFFICULTIES RELATED TO THE COVID-19 PANDEMIC. | Rock Rapids, IA | $500 | 2020 |
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