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Rowan Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.92M (2023)

Expenses
$11.6M (2023)

Total Assets
$30M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,921,187
Expenses
$11,559,084
Net Income
-$8,637,897
Net Assets
$29,982,479
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,019
0.1%
Dividends $84,973
2.9%
Sales of Assets $2,494,873
85.4%
Other Income $339,322
11.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,526,942
99.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $29,982,479
Total Liabilities $0
Net Assets $29,982,479
Compensation
Key Employees and Officers Compensation Other
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,335,173
Expenses
$210,607
Net Income
$1,124,566
Net Assets
$40,247,898
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $339
0.0%
Dividends $0
Sales of Assets -$6,306
Other Income $1,341,140
> 100%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $163,526
77.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $40,247,898
Total Liabilities $0
Net Assets $40,247,898
Compensation
Key Employees and Officers Compensation Other
Julia Sobel (0) $97,402 $13,512
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,514,635
Expenses
$1,303,215
Net Income
$211,420
Net Assets
$40,433,105
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $239
0.0%
Dividends $0
Sales of Assets $384,508
25.4%
Other Income $1,129,888
74.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,290,421
99.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $40,433,105
Total Liabilities $0
Net Assets $40,433,105
Compensation
Key Employees and Officers Compensation Other
Julia Sobel (Administrator) $110,000 $8,900
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$495,732
Expenses
$1,295,794
Net Income
-$800,062
Net Assets
$37,372,972
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $671
0.1%
Dividends $0
Sales of Assets $0
Other Income $514,884
> 100%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,254,583
96.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $37,373,770
Total Liabilities $798
Net Assets $37,372,972
Compensation
Key Employees and Officers Compensation Other
Julia Sobel (Administrator) $110,000 $8,432
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,214,359
Expenses
$1,445,669
Net Income
-$231,310
Net Assets
$40,002,990
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,889
0.2%
Dividends $0
Sales of Assets $159,618
13.1%
Other Income $1,052,852
86.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,421,387
98.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $40,002,991
Total Liabilities $1
Net Assets $40,002,990
Compensation
Key Employees and Officers Compensation Other
Julia Sobel (Administrator) $94,000 $9,149
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$112,400
Expenses
$1,558,301
Net Income
-$1,670,701
Net Assets
$39,802,278
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,589
Dividends $0
Sales of Assets $17,266
Other Income -$132,255
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,511,688
97.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $39,807,210
Total Liabilities $4,932
Net Assets $39,802,278
Compensation
Key Employees and Officers Compensation Other
Julia Sobel (Administrator) $77,000 $0
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,370,630
Expenses
$1,720,792
Net Income
$649,838
Net Assets
$40,293,408
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $128,810
5.4%
Interest Revenue $3,376
0.1%
Dividends $0
Sales of Assets $0
Other Income $2,238,444
94.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,716,042
99.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $40,293,408
Total Liabilities $0
Net Assets $40,293,408
Compensation
Key Employees and Officers Compensation Other
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Sam Katz (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,824,801
Expenses
$1,488,050
Net Income
$20,336,751
Net Assets
$39,643,570
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $21,500,000
98.5%
Interest Revenue $3,856
0.0%
Dividends $2,145
0.0%
Sales of Assets $0
Other Income $318,800
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,471,875
98.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $39,643,570
Total Liabilities $0
Net Assets $39,643,570
Compensation
Key Employees and Officers Compensation Other
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Michael Gross (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$520,754
Expenses
$3,569,335
Net Income
-$3,048,581
Net Assets
$19,003,549
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,062
1.2%
Dividends $514,692
98.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,490,140
97.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $19,003,549
Total Liabilities $0
Net Assets $19,003,549
Compensation
Key Employees and Officers Compensation Other
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Michael Gross (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$173,532
Expenses
$4,715,228
Net Income
-$4,541,696
Net Assets
$22,282,165
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,673
6.7%
Dividends $161,859
93.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,655,981
98.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $22,282,165
Total Liabilities $0
Net Assets $22,282,165
Compensation
Key Employees and Officers Compensation Other
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Michael Gross (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,009,338
Expenses
$8,765,276
Net Income
$11,244,062
Net Assets
$26,897,893
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000,000
100.0%
Interest Revenue $9,400
0.0%
Dividends $0
Sales of Assets $0
Other Income -$62
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,765,276
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $26,897,893
Total Liabilities $0
Net Assets $26,897,893
Compensation
Key Employees and Officers Compensation Other
Marc Rowan (Director) $0 $0
Carolyn Rowan (Director) $0 $0
Michael Gross (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,502,798
Expenses
$6,695,363
Net Income
$13,807,435
Net Assets
$15,653,831
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,500,000
100.0%
Interest Revenue $2,798
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $6,695,363
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $15,653,831
Total Liabilities $0
Net Assets $15,653,831

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,502,193
Expenses
$1,794,688
Net Income
$707,505
Net Assets
$1,846,396
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500,000
99.9%
Interest Revenue $2,193
0.1%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,794,688
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,846,396
Total Liabilities $0
Net Assets $1,846,396

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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