Rockjensen Foundation Inc

Rockjensen Foundation consistently operates at a significant deficit, spending more than it earns annually.

EIN: 201823029 · The Woodlands, TX · NTEE: T20 · Updated: 2026-03-28

$8.3MRevenue

$9.5MAssets

45/100Mission Score (Fair)

T20

About Rockjensen Foundation Inc

Rockjensen Foundation Inc (EIN: 201823029) is a nonprofit organization based in The Woodlands, TX, classified under NTEE code T20. The organization reported total revenue of $8.3M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockjensen Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Rockjensen Foundation Inc. exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. In 2023, the organization reported revenues of $232,485 against expenses of $768,800, indicating a substantial deficit. This pattern is not isolated, as evidenced by similar deficits in previous years, such as 2022 (Revenue: $39,501, Expenses: $445,700) and 2021 (Revenue: $217,705, Expenses: $1,976,700). While the organization's assets remain substantial at $7,694,100 in 2023, the continuous depletion of assets to cover operational costs is unsustainable in the long term. The lack of reported officer compensation across all filings suggests a volunteer-led or minimally compensated leadership structure, which could be a positive for efficiency if program spending were higher.

The foundation's financial health appears to be deteriorating due to its persistent operating deficits. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, yet the significant gap between revenue and expenses raises questions about the source of funds covering these deficits and the long-term viability of its grantmaking activities. Without detailed breakdowns of expenses, it's difficult to fully assess spending efficiency, but the overall trend of high expenses relative to revenue is a major concern. The consistent reporting of zero officer compensation is a positive indicator of transparency regarding executive pay, but the broader financial picture warrants closer scrutiny.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rockjensen Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 30%
programs: 60%
fundraising: 10%

According to IRS 990 filings, Rockjensen Foundation Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating either a fully volunteer-led organization or that compensation is covered by an external entity, which is a positive for minimizing overhead costs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Rockjensen Foundation Inc's IRS 990 filings:

Consistent and significant operating deficits (e.g., $536,315 deficit in 2023).
Declining asset base over time, from $14.4M in 2013 to $7.6M in 2023, indicating reliance on reserves.
Revenue consistently much lower than expenses across multiple years.
Negative revenue reported in 2011 (-$1,202,392), which is highly unusual and warrants investigation.

Strengths

The following positive indicators were identified for Rockjensen Foundation Inc:

Zero reported officer compensation across all filings, indicating low administrative overhead in this area.
Relatively low liabilities compared to assets, suggesting a healthy balance sheet in terms of debt.

Frequently Asked Questions about Rockjensen Foundation Inc

Is Rockjensen Foundation Inc. financially sustainable?

Based on the consistent and significant deficits (e.g., $232,485 revenue vs. $768,800 expenses in 2023), the organization's current financial model appears unsustainable, relying on asset depletion rather than earned revenue to cover expenses.

What is the source of funding for the consistent operating deficits?

The filings indicate that expenses consistently exceed revenue, suggesting that the organization is drawing down its assets to cover operational costs, as seen by the decline in assets from $14,413,714 in 2013 to $7,694,100 in 2023.

How does the organization plan to address its revenue-expense imbalance?

The provided data does not offer insight into the organization's strategies for increasing revenue or reducing expenses to achieve financial stability.

What percentage of expenses are allocated to program services?

Without a detailed functional expense breakdown in the provided data, it's challenging to determine the exact program spending ratio, but the overall high expenses relative to revenue suggest potential inefficiencies.

Filing History

IRS 990 filing history for Rockjensen Foundation Inc showing financial trends over 10 years of public records:

Total assets decreased by 45.5% over the same period, from $14.1M to $7.7M. Total functional expenses fell by 4.3%, from $804K to $769K. In its most recent filing year (2023), Rockjensen Foundation Inc reported a deficit of $536K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$232K	$769K	$7.7M	$1	—	View 990
2022	$40K	$446K	$8.3M	$50K	—	View 990
2021	$218K	$2.0M	$8.7M	$38K	—	View 990
2020	$136K	$577K	$10.4M	$21K	—	—
2019	$252K	$522K	$10.8M	$10K	—	View 990
2015	$493K	$1.0M	$13.1M	$39K	—	View 990
2014	$228K	$1.0M	$13.6M	$65K	—	View 990
2013	$1.6M	$784K	$14.4M	$48K	—	View 990
2012	$165K	$741K	$13.5M	$2K	—	View 990
2011	$-1,202,392	$804K	$14.1M	$44K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $232K, expenses of $769K, and assets of $7.7M (revenue +488.6% year-over-year).
2022: Revenue of $40K, expenses of $446K, and assets of $8.3M (revenue -81.9% year-over-year).
2021: Revenue of $218K, expenses of $2.0M, and assets of $8.7M (revenue +60.5% year-over-year).
2020: Revenue of $136K, expenses of $577K, and assets of $10.4M (revenue -46.2% year-over-year).
2019: Revenue of $252K, expenses of $522K, and assets of $10.8M (revenue -48.8% year-over-year).
2015: Revenue of $493K, expenses of $1.0M, and assets of $13.1M (revenue +116.0% year-over-year).
2014: Revenue of $228K, expenses of $1.0M, and assets of $13.6M (revenue -86.1% year-over-year).
2013: Revenue of $1.6M, expenses of $784K, and assets of $14.4M (revenue +893.1% year-over-year).
2012: Revenue of $165K, expenses of $741K, and assets of $13.5M.
2011: Revenue of $-1,202,392, expenses of $804K, and assets of $14.1M.

Data Sources and Methodology

This transparency report for Rockjensen Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.