Skip to content
Nonprofiteer
← ROCKET GIVING FUND

Form 990 for tax year 2024

Filed by ROCKET GIVING FUND.

Totals

Total revenue
$11,590,910
Total expenses
$13,136,838
Contributions and grants received
$620,144
Grants paid
$866,400
Program service revenue
$11,103,344
Investment income
-$132,578
Other revenue
$0
Total assets, end of year
$2,620,083
Total liabilities, end of year
$4,993,432
Net assets or fund balances, end of year
-$2,373,349
Program services expenses (Part IX)
$11,962,118
Management and general expenses
$1,174,720
Fundraising expenses
$0
Program service expenses (Part III)
$11,962,118

Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $620,144

  • 2a · Program service revenue: ROCKET CLASSIC

    total $11,103,344 · related or exempt $11,103,344

  • 7b · Less cost or other basis and sales expenses

    other assets $132,578

  • 7c · Gain or loss

    other assets -$132,578

  • 7d · Net gain or loss

    total -$132,578 · excluded -$132,578

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $866,400 · program services $866,400

  • 11g · Fees: other

    total $986,931 · program services $555,263 · management and general $431,668

  • 12 · Advertising and promotion

    total $578,835 · program services $29,776 · management and general $549,059

  • 13 · Office expenses

    total $2,350,390 · program services $2,330,503 · management and general $19,887

  • 16 · Occupancy

    total $511,412 · program services $440,000 · management and general $71,412

  • 17 · Travel

    total $251,887 · program services $188,691 · management and general $63,196

  • 24a · Other expenses: TOURNAMENT BUILDOUT

    total $5,820,111 · program services $5,820,111

  • 24b · Other expenses: FOOD & BEVERAGES

    total $1,341,408 · program services $1,314,125 · management and general $27,283

  • 24c · Other expenses: OTHER OPERATIONS

    total $335,824 · program services $335,824

  • 24d · Other expenses: EQUIPMENT

    total $81,425 · program services $81,425

  • 24e · All other expenses

    total $12,215 · management and general $12,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $703,958 · end of year $288,866

  • 3 · Pledges and grants receivable

    beginning of year $525,000 · end of year $540,000

  • 4 · Accounts receivable

    beginning of year $1,249,963 · end of year $1,438,209

  • 8 · Inventories for sale or use

    beginning of year $41,033 · end of year $103,190

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,422 · end of year $6,829

  • 10a · Land, buildings and equipment: cost or other basis

    $476,903

  • 10b · Land, buildings and equipment: accumulated depreciation

    $233,914

  • 10c · Land, buildings and equipment, net

    beginning of year $326,422 · end of year $242,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,090,216 · end of year $3,809,920

  • 18 · Grants payable

    end of year $120,000

  • 19 · Deferred revenue

    beginning of year $613,003 · end of year $293,536

  • 22 · Loans and payables to officers and key people

    end of year $769,976

  • 27 · Net assets without donor restrictions

    beginning of year -$827,421 · end of year -$2,373,349

Mission and programs · 2024

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.

Activities or mission (Part I)

ROCKET CLASSIC - THE ANNUAL GOLF TOURNAMENT IS A CHARITABLE EVENT DESIGNED TO RAISE FUNDS FOR THE CORPORATION'S CHARITABLE MISSION. THE CORPORATION WILL MANAGE ALL PLANNING, PREPARATION, AND HOSTING. THE TOURNAMENT AND ITS RELATED ACTIVITIES WILL BE THE MAIN SOURCE OF FUNDRAISING, SUPPORTED BY SPONSORSHIPS, MERCHANDISE SALES, AND DONOR CONTRIBUTIONS MADE BEFORE AND DURING THE EVENT.

  • ROCKET CLASSIC - THE ANNUAL GOLF TOURNAMENT IS A CHARITABLE EVENT DESIGNED TO RAISE FUNDS FOR THE CORPORATION'S CHARITABLE MISSION. THE CORPORATION WILL MANAGE ALL PLANNING, PREPARATION, AND HOSTING. THE TOURNAMENT AND ITS RELATED ACTIVITIES WILL BE THE MAIN SOURCE OF FUNDRAISING, SUPPORTED BY SPONSORSHIPS, MERCHANDISE SALES, AND DONOR CONTRIBUTIONS MADE BEFORE AND DURING THE EVENT.

    Expenses $11,962,118 · Grants $866,400 · Revenue $11,103,344

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • William Emerson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Rizik

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Ogden

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Nic Barlage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marvin Beatty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Grannemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Morganroth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Trina Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Tinsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Tririco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alexis Wiley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Varun Krishna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
25 March 2026
IRS schema version
2024v5.5
Source object
202610979349300441

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.