Rocks Build America Foundation
Nonprofit profile at a glance
- EIN
- 522107866
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Alexandria, VA, USA
- Phone
- 7035258788
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Engineering and Technology
Reported finances
- Revenue
- $254,249
- Expenses
- $33,195
- Assets
- $324,294
- Liabilities
- $7,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MICHAEL W JOHNSON (PRES. & CEO (UNTIL 10/2024))
- MICHELE STANLEY EVP CAO (INT. PRES. & CEO (FROM 10/2024))
Highest reported compensation
- MICHAEL W JOHNSON (PRES. & CEO (UNTIL 10/2024)): $628,500 total reported compensation
- CHARLES FUQUA (VP OF COMMUNICATIONS): $376,907 total reported compensation
- MICHELE STANLEY EVP CAO (INT. PRES. & CEO (FROM 10/2024)): $374,629 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rbaf's purpose is to promote knowledge of, and public interest in, the aggregates and pulverized mineral industries and their history in the development and use of minerals by human kind; to conduct and sponsor research to enlarge knowledge of geology, mineral technology, and formative earth processes, and to promote public knowledge of these fields; to conduct activities, including the development and distribution of educational and scientific publications and video, audio, and other electronic recordings, to educate the public about quarrying, mining, and the uses of aggregates and pulverized minerals; to promote interest in careers in the aggregate and pulverized mineral industries; and to provide grants, scholarships, and other funding consistent with the purposes of the foundation.
What it reported doing in 2024
Educational projects: the endowment is being used to educate and support the startup of a student chapter and sponsor student design competition through the society for mining, metallurgy & exploration.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 65
- Accountability: 86
- Sustainability: 77
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.5%; rating input score 15
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 86.9%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 9.77; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 546.7%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 35.7% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: -3.2% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 14.5% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 4 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $628K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.