Civic Intelligence

Rocket Giving Fund

990 • Fiscal year 2023 • EIN 83-0873868

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 14, 2024

Organization ProfilePGATOUR.COM/TOURNAMENTS/ROCKET-MORTGAGE-CLASSIC
1050 Woodward AvenueDetroit, MI 48226

(313) 782-9500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.36x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.31x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

1st percentile

-46%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$3,083,441

Down $2,667,600 (-46%) from 2022

Net Assets

Down

-$1,095,208

Down $1,406,224 (-452%) from 2022

Liabilities

Down

$4,178,649

Down $1,261,376 (-23%) from 2022

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin19th percentile

Revenue

Down

$13,343,306

Down $1,508,133 (-10%) from 2022

Expenses

Up

$14,749,530

Up $1,398,866 (+10%) from 2022

Net Income

Down

-$1,406,224

Down $2,906,999 (-194%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2018: $654,843Liabilities 2018: $2,510,385Net Assets 2018: -$1,855,5422018Assets 2019: $963,719Liabilities 2019: $1,746,097Net Assets 2019: -$782,3782019Assets 2020: $3,947,099Liabilities 2020: $4,511,118Net Assets 2020: -$564,0192020Assets 2021: $2,590,205Liabilities 2021: $3,779,964Net Assets 2021: -$1,189,7592021Assets 2022: $5,751,041Liabilities 2022: $5,440,025Net Assets 2022: $311,0162022Assets 2023: $3,083,441Liabilities 2023: $4,178,649Net Assets 2023: -$1,095,2082023Assets 2024: $2,875,798Liabilities 2024: $3,703,219Net Assets 2024: -$827,4212024

Highlighted filing

2023

Assets$3,083,441
Liabilities$4,178,649
Net Assets-$1,095,208
Open 2023 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2018: $0Expenses 2018: $1,855,542Net Income 2018: -$1,855,5422018Revenue 2019: $15,661,752Expenses 2019: $14,588,588Net Income 2019: $1,073,1642019Revenue 2020: $7,910,910Expenses 2020: $7,539,545Net Income 2020: $371,3652020Revenue 2021: $13,264,068Expenses 2021: $13,809,808Net Income 2021: -$545,7402021Revenue 2022: $14,851,439Expenses 2022: $13,350,664Net Income 2022: $1,500,7752022Revenue 2023: $13,343,306Expenses 2023: $14,749,530Net Income 2023: -$1,406,2242023Revenue 2024: $12,725,111Expenses 2024: $12,457,324Net Income 2024: $267,7872024

Highlighted filing

2023

Revenue$13,343,306
Expenses$14,749,530
Net Income-$1,406,224
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 14, 2024
Return Version
2022v5.0
Gross Receipts
$13,343,306
Mission and Program Overview

Mission

The rocket giving fund's mission is to host a world-class pga tour event while simultaneously benefiting the detroit community. The organization's primary fundraising activity is the rocket classic, detroit's annual pga tour event. The net proceeds realized by the event and other such activities and events will go back to the detroit community through investments related to bridging the digital divide across the city of detroit, and supporting the local community. The rocket giving fund is a 501c3 organization.

The corporation's principal objective is to support the detroit community and promote the improvement and quality of life for the people of detroit, michigan community and to promote the image of detroit throughout the country through the facilitation of community wide sporting events including, initially, a pga tour event. The intent is to augment other community-wide events as part of an effort to bring other prominent public events to the city. Through support of arts and culture and community events, the corporation intends to transform and activate public spaces, strengthen neighborhoods and develop a vibrant urban core in the city of detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$4,187,198$1,952,799▼ $2,234,399
Land, Buildings, and Equipment, Net$317,602$409,490▲ $91,888
Pledges and Grants Receivable$553,493$392,500▼ $160,993
Cash and Non-Interest-Bearing Accounts$627,046$210,820▼ $416,226
Inventories for Sale or Use$65,702$76,521▲ $10,819
Prepaid Expenses and Deferred Charges$0$41,311▲ $41,311
Total Assets$5,751,041$3,083,441▼ $2,667,600
Liabilities
Accounts Payable and Accrued Expenses$5,278,675$2,958,056▼ $2,320,619
Grants Payable$25,000$726,936▲ $701,936
Deferred Revenue$136,350$493,657▲ $357,307
Total Liabilities$5,440,025$4,178,649▼ $1,261,376
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$311,016$-1,095,208▼ $1,406,224
Total Net Assets Fund Balance$311,016$-1,095,208▼ $1,406,224
Total Liabilities and Net Assets / Fund Balance$5,751,041$3,083,441▼ $2,667,600

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$409,490$204,098$613,588
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
William EmersonPresident
Jay FarnerPresident - Part Year
Alexis WileyDirector
Brian BrownDirector
Jason LangwellDirector
Jason TinsleyDirector
Jeff MorganrothDirector
Larry AlexanderDirector
Laura GrannemannDirector
Marvin BeattyDirector
Mike TriricoDirector
Nic BarlageDirector
Trina ScottDirector
Angelo VitaleDirector - Part Year
Steve OgdenSecretary
Matthew RizikTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Intersport INCMarketing Service303 EAST WACKER DRIVE SUITE 2200, Chicago, IL 60601$2,073,391
Universal MccannAdvertising13801 FNB PARKWAY, Omaha, NE 68154$602,789
Detroit Golf Club INCCourse Rental17911 HAMILTON ROAD, Detroit, MI 48203$420,000
Checkmate TacticalSecurity Services7816 TROTTERS PARK ST, Ypsilanti, MI 48197$213,024
MedstarMedical Services380 N GRATLOT AVE, Clinton Twsp, MI 48036$142,900
Revenue and Support

Revenue Composition

Contributions and Grants
$846,631
Program Service Revenue
$12,496,675
Investment Income
$0
Other Revenue
$0
All Other Contributions
$846,631
Change in Net Assets
$-1,406,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,343,306
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,902,994
Total Revenue per Audited Statements
$15,246,300
Total Revenue per Form 990
$13,343,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,157,644
Grants and Similar Amounts Paid$1,591,886
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$2,692,471$24,723-$2,717,194
Grants to Domestic Orgs$1,591,886--$1,591,886
Advertising$135,195$808,660-$943,855
Fees for Services Other$385,620$342,646-$728,266
Occupancy$420,000$97,848-$517,848
Travel$164,403$31,647-$196,050
Other Expenses$79,688$44,011-$79,688
Total Functional Expenses$13,399,995$1,349,535$0$14,749,530

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$16,652,524
Expenses per Audited Statements$14,749,530
Total Expenses per Form 990$14,749,530
Expenses Not Reported on Form 990$1,902,994
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Southeastern MichiganDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$1,221,585
People for Palmer ParkDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$175,000
CHILDREN'S FOUNDATIONDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$100,000
Detroit PalDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$30,000
Midnight Golf ProgramDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$30,000
First Tee of Greater DetroitDetroit, MI501(c)(3)To Support the Organizations Mission and the Detroit Community$20,000
Calvin Johnson Jr FoundationTyrone, GA501(c)(3)To Support the Organizations Mission and the Detroit Community$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Several board members have a business relationship: jay farner, william emerson, matt rizik, steve ogden, laura grannemann, nic barlage, jeff morganroth, brian brown and trina scott.”

Form 990, Part VI, Section B, Line 11B

“Before filing the 990 is reviewed by management company and then presented to finance committee for review and approval.”

Form 990, Part VI, Section B, Line 12C

“A conflict of interest form is completed annually and monitored for compliance by administration and the chairman of the board. When a conflict exists, the board member with the conflict is allowed to discuss the matter at hand, but is not allowed to vote on any conflicted item.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Rocket Giving Fund
EIN
83-0873868
Phone
3137829500
Address
1050 WOODWARD AVENUE, DETROIT, MI 48226
Doing Business As
Rocket Mortgage Classic

Signing Officer

Name
Matthew Rizik
Title
Treasurer
Phone
3137829500
Signed
2024-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Emerson
Formed
2018
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
1,464

Preparer

Firm
Plante & Moran Pllc
Address
2601 CAMBRIDGE CT STE 300, AUBURN HILLS, MI 48326
Preparer
Dori J Eggett
Phone
2483757100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There has been no change in process from prior year.”

Raw XML AppendixShowing 400 of 616 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE CORPORATION'S PRINCIPAL OBJECTIVE IS TO SUPPORT THE DETROIT COMMUNITY AND PROMOTE THE IMPROVEMENT AND QUALITY OF LIFE FOR THE PEOPLE OF DETROIT, MICHIGAN COMMUNITY AND TO PROMOTE THE IMAGE OF DETROIT THROUGHOUT THE COUNTRY THROUGH THE FACILITATION OF COMMUNITY WIDE SPORTING EVENTS INCLUDING, INITIALLY, A PGA TOUR EVENT. THE INTENT IS TO AUGMENT OTHER COMMUNITY-WIDE EVENTS AS PART OF AN EFFORT TO BRING OTHER PROMINENT PUBLIC EVENTS TO THE CITY. THROUGH SUPPORT OF ARTS AND CULTURE AND COMMUNITY EVENTS, THE CORPORATION INTENDS TO TRANSFORM AND ACTIVATE PUBLIC SPACES, STRENGTHEN NEIGHBORHOODS AND DEVELOP A VIBRANT URBAN CORE IN THE CITY OF DETROIT.
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IRS990/Form990PartVIISectionAGrp/PersonNm2JAY FARNER
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW RIZIK
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE OGDEN
IRS990/Form990PartVIISectionAGrp/PersonNm5NIC BARLAGE
IRS990/Form990PartVIISectionAGrp/PersonNm6MARVIN BEATTY
IRS990/Form990PartVIISectionAGrp/PersonNm7LAURA GRANNEMANN
IRS990/Form990PartVIISectionAGrp/PersonNm8JASON LANGWELL
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFF MORGANROTH
IRS990/Form990PartVIISectionAGrp/PersonNm10TRINA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm11JASON TINSLEY
IRS990/Form990PartVIISectionAGrp/PersonNm12MIKE TRIRICO
IRS990/Form990PartVIISectionAGrp/PersonNm13ANGELO VITALE
IRS990/Form990PartVIISectionAGrp/PersonNm14ALEXIS WILEY
IRS990/Form990PartVIISectionAGrp/PersonNm15LARRY ALEXANDER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT - PART YEAR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR - PART YEAR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt01591886
IRS990/GrantsPayableGrp/BOYAmt025000
IRS990/GrantsPayableGrp/EOYAmt0726936
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01591886
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01591886
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013343306
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt065702
IRS990/InventoriesForSaleOrUseGrp/EOYAmt076521
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0204098
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0317602
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0409490
IRS990/LandBldgEquipCostOrOtherBssAmt0613588
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ROCKET GIVING FUND'S MISSION IS TO HOST A WORLD-CLASS PGA TOUR EVENT WHILE SIMULTANEOUSLY BENEFITING THE DETROIT COMMUNITY. THE ORGANIZATION'S PRIMARY FUNDRAISING ACTIVITY IS THE ROCKET MORTGAGE CLASSIC, DETROIT'S ANNUAL PGA TOUR EVENT. THE NET PROCEEDS REALIZED BY THE EVENT AND OTHER SUCH ACTIVITIES AND EVENTS WILL GO BACK TO THE DETROIT COMMUNITY THROUGH INVESTMENTS RELATED TO VETERANS AND THEIR FAMILIES, EDUCATION AND OPPORTUNITIES FOR LEARNING, AND NEIGHBORHOOD ENHANCEMENT. WHERE POSSIBLE, THE ORGANIZATION WILL WORK IN PARTNERSHIP WITH OTHER CHARITABLE ORGANIZATIONS TO MAXIMIZE COMMUNITY IMPACT. THE ROCKET GIVING FUND IS A 501C3 ORGANIZATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0311016
IRS990/NetAssetsOrFundBalancesEOYAmt0-1095208
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0311016
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1095208
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt097848
IRS990/OccupancyGrp/ProgramServicesAmt0420000
IRS990/OccupancyGrp/TotalAmt0517848
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024723
IRS990/OfficeExpensesGrp/ProgramServicesAmt02692471
IRS990/OfficeExpensesGrp/TotalAmt02717194
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TOURNAMENT BUILDOUT
IRS990/OtherExpensesGrp/Desc1FOOD & BEVERAGES
IRS990/OtherExpensesGrp/Desc2OTHER OPERATIONS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044011
IRS990/OtherExpensesGrp/ProgramServicesAmt06166671
IRS990/OtherExpensesGrp/ProgramServicesAmt11404025
IRS990/OtherExpensesGrp/ProgramServicesAmt2360036
IRS990/OtherExpensesGrp/ProgramServicesAmt379688
IRS990/OtherExpensesGrp/TotalAmt06166671
IRS990/OtherExpensesGrp/TotalAmt11448036
IRS990/OtherExpensesGrp/TotalAmt2360036
IRS990/OtherExpensesGrp/TotalAmt379688
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0553493
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0392500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041311
IRS990/PrincipalOfficerNm0WILLIAM EMERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0ROCKET MORTGAGE CLASSIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012496675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012496675
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0786175
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0123098
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt013227566
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt014065264
IRS990/PYRevenuesLessExpensesAmt01500775
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt013350664
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014851439
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1406224
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012496675
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0602500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0470000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0405000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt05204725
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt06682225
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ROCKET GIVING FUND WAS FORMED IN JUNE OF 2018. 2021 IS A SHORT YEAR END FOR THE PERIOD 1/1/22-9/30/22.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PAGE 3
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0846631
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0786175
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0979729
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt05550172
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0167179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08329886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt012496675
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt014065264
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt012284339
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02360738
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt015494573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt056701589
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt050369374
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01915814
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt02824278
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt02892883
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt06178889
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0850237
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt014662101
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01313314
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt02354278
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt02487883
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0974164
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0850237
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt07979876
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt013343306
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt014851439
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt013264068
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07910910
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt015661752
IRS990ScheduleA/Total509Grp/TotalAmt065031475

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,083,441
Liabilities
$4,178,649
Net assets
-$1,095,208
Revenue
$13,343,306
Expenses
$14,749,530
Net income
-$1,406,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.88$3.70$0.83$12.7$12.5$0.27
2023Detailed filing. Detailed filing data is available for this year.$3.08$4.18$1.10$13.3$14.7$1.41
2022Detailed filing. Detailed filing data is available for this year.$5.75$5.44$0.31$14.9$13.4$1.50
2021Detailed filing. Detailed filing data is available for this year.$2.59$3.78$1.19$13.3$13.8$0.55
2020Detailed filing. Detailed filing data is available for this year.$3.95$4.51$0.56$7.91$7.54$0.37
2019Detailed filing. Detailed filing data is available for this year.$0.96$1.75$0.78$15.7$14.6$1.07
2018Detailed filing. Detailed filing data is available for this year.$0.65$2.51$1.86$0.00$1.86$1.86