PLATINUM2023

Rollstone Foundation Inc

"Who will roll the stone for us?"

Bayport, NY   |  https://www.rollstone.us/
GuideStar Charity Check

Rollstone Foundation Inc

EIN: 26-2228883


Mission

SUPPORTING THE ADOPTION OF SPECIAL NEEDS CHILDREN WORLDWIDE With over 132 million orphans worldwide—many in Third World countries—there is no shortage of children in need of a home. Given that many parents are looking to adopt, and as they became aware that our organization actually helps to fund the adoption process, there is no shortage of willing parents, either. We strive to save these children in need of a family and a future and unite them with the courageous family that is willing to provide them with this opportunity. We pride ourselves on helping to roll the stone away for these children, and working to help the lives of so many people from so many parts of the world.

Ruling year info

2010

Treasurer & Co-Founder

Michael D. Dawidziak

Main address

P.O. Box 19

Bayport, NY 11705 USA

Show more contact info

EIN

26-2228883

Subject area info

Philanthropy

HIV/AIDS

Adoption

Population served info

Children and youth

Families

NTEE code info

Adoption (P31)

AIDS (G81)

Other Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (T99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

There are an estimated 143 million orphans in the world. Many of these children, particularly in third-world nations, are children with special needs. They may be HIV Positive, suffer from diseases such as Down Syndrome or Cerebral Palsy, are blind, or were born into extreme poverty that has taken its toll on their small bodies. These are conditions that are treatable in the United States, but they are death sentences for their home countries. For many, adoption is literally the difference between life and death. The sad fact is that prospective parents with the means to adopt usually do not desire Special Needs children, whereas prospective parents who are willing to open their hearts and homes to a Special Needs child often do not have the financial means. The cost of such an international adoption is often $25,000.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Grant Distribution

Cash Grants distributed to a total of 54 recipients to aid in the adoption of 60 special needs children.

Population(s) Served
Families
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth, Families

Related Program

Grant Distribution

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Number of Children's adoptions supported

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth

Related Program

Grant Distribution

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Each number here is a child who has been saved, by being taken in by a loving family, and also by getting access to life-saving medications that are not available or affordable in their own country.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Rollstone Foundation aims to assist prospective adoptive parents by awarding monetary grants—allowing the new parents to rescue the child from almost certain death, and move them into a loving adoptive home.

Our Strategy is simple. Provide as many grants as we can based on the amount of available funds we have raised to sponsor as many adoptions as possible. Over the years this has been accomplished by hosting a dinner with donors, potential donors and asking for monetary support on an annual basis. This has proven to be quite successful for over ten years.

A large annual fundraiser is held to raise the funds which will be distributed to the following year's grant recipients.
Smaller events are held throughout the year (Fat Tuesday) as well.
We have no overhead-no offices, no paid employees, no infrastructure, so our cost of running the organizations is extremely low.
Our website is a year-round method of outreach to our donors and prospective donors to connect them with our Grantee's stories and accept donations on a one-off basis.

Since 2013, Rollstone Foundation has made 339 direct grants to new parents totaling more than $650,000.00 for support of newly adopted special needs children. This money has gone to purchase things such as medication for chronic illnesses such as AIDS.
The Pandemic has created challenges for us over the last two years. We were forced to cancel our largest in-person fundraiser. Travel restrictions also made adoption from overseas more difficult. We fully anticipate the coming year to result in significantly higher fundraising as well as returning to historically higher counts for adoptions.

Financials

Rollstone Foundation Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

Average of 0.00 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

Average of 2.4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Rollstone Foundation Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Rollstone Foundation Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Rollstone Foundation Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Rollstone Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2015 2016 2017 2018 2019
Unrestricted surplus (deficit) before depreciation $241 $11,227 $15,075 $6,706 $13,144
As % of expenses 0.2% 11.7% 15.1% 6.3% 12.5%
Unrestricted surplus (deficit) after depreciation $241 $11,227 $15,075 $6,706 $13,144
As % of expenses 0.2% 11.7% 15.1% 6.3% 12.5%
Revenue composition info
Total revenue (unrestricted & restricted) $105,294 $107,275 $114,914 $112,695 $118,234
Total revenue, % change over prior year 17.9% 1.9% 7.1% -1.9% 4.9%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 100.0% 100.0% 100.0% 100.0%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $105,053 $96,048 $99,839 $105,989 $105,090
Total expenses, % change over prior year 23.5% -8.6% 3.9% 6.2% -0.8%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.5% 0.8% 0.3% 0.3% 0.5%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 91.0% 98.4% 99.7% 99.7% 99.5%
All other expenses 8.4% 0.8% 0.0% 0.0% 0.0%
Full cost components (estimated) info 2015 2016 2017 2018 2019
Total expenses (after depreciation) $105,053 $96,048 $99,839 $105,989 $105,090
One month of savings $8,754 $8,004 $8,320 $8,832 $8,758
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $113,807 $104,052 $108,159 $114,821 $113,848

Capital structure indicators

Liquidity info 2015 2016 2017 2018 2019
Months of cash 1.4 3.0 4.7 5.2 6.7
Months of cash and investments 1.4 3.0 4.7 5.2 6.7
Months of estimated liquid unrestricted net assets 1.4 3.0 4.7 5.2 6.7
Balance sheet composition info 2015 2016 2017 2018 2019
Cash $12,614 $23,841 $38,916 $45,622 $58,766
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 0.0% 0.0%
Unrestricted net assets $12,614 $23,841 $38,916 $45,622 $58,766
Temporarily restricted net assets $0 $0 $0 $0 N/A
Permanently restricted net assets $0 $0 $0 $0 N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $12,614 $23,841 $38,916 $45,622 $58,766

Key data checks

Key data checks info 2015 2016 2017 2018 2019
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Treasurer & Co-Founder

Michael D. Dawidziak

Number of employees

Source: IRS Form 990

Rollstone Foundation Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Rollstone Foundation Inc

Board of directors
as of 05/09/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Frank Maffei

Jakubowski, Robertson, Maffei, Goldsmith& Tartaglia, LLP

Mark Murray

Founding Board Member

Colleen West

Enright Court Reporting, Inc

Pamela J. Greene

Attorney at Law

Donna Brown

Registered Nurse

Peter L. Kramer

Attorney at Law

Janet Longo

Land Acquisition Supervisor, Suffolk County, New York

Andrea Casey

Century 21 Bay's Edge Realty

Dawn L. Hargraves

Law Office of Dawn L. Hargraves

Shawn A. Weis

Peoples United Bank

Peter E. Williams

Pewville Capital, LLC

Mike Dawidziak

Strategic Planning Inc.

Organizational demographics

SOURCE: Self-reported; last updated 5/8/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Decline to state
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data