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
2010
Treasurer & Co-Founder
Michael D. Dawidziak
Main address
P.O. Box 19
Bayport, NY 11705 USA
EIN
26-2228883
Philanthropy
HIV/AIDS
Adoption
Population served
Children and youth
Families
NTEE code
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
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
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.
Where we work
External reviews
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsTotal 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
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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.
What are the organization's capabilities for doing this?
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.
What have they accomplished so far and what's next?
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
Revenue vs. expenses: breakdown
Liquidity in 2021 info
Months of cash in 2021 info
Fringe rate in 2021 info
%
Funding sources info
Assets & liabilities info
Rollstone Foundation Inc
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
Rollstone Foundation Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
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: Jan 01 - Dec 31
SOURCE: IRS Form 990
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
Treasurer & Co-Founder
Michael D. Dawidziak
Number of employees
Source: IRS Form 990
Rollstone Foundation Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Rollstone Foundation Inc
Board of directorsas of 05/09/2023
Board of directors data
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
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
No data
Gender identity
Sexual orientation
No data
Disability
No data
GuideStar Pro Reports
Report successfully added to your cart!
Want more data?
A GuideStar Pro report containing the following information is available for this organization:
- Financial data for the most recent year (2021)*
- Letter of Determination
- Officer and/or Employee data for 2021, 2020
- Contractor and/or Paid Preparer data for 2021, 2020
- Board of Directors data for 2023
- *with the ability to download the data for 2021, 2020
Download it now for $125.
Need the ability to download nonprofit data and more advanced search options?Consider a Pro Search subscription.