Halfway Rock Foundation
- Assets
- $1.9m
- Revenue
- $33.5k
- Investments
- $284.9k
- Employees
- 0
- Location
- Manchester, MA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 04-3542326
Organization Overview
Halfway Rock Foundation is located in Manchester, MA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Halfway Rock Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Halfway Rock Foundation generated $33.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $256.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Halfway Rock Foundation has awarded 114 individual grants totaling $3,210,022. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eunice J Panetta Trustee | 0 | $0 | |
Vincent J Panetta Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $174 |
| Dividends & Interest | $5,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,189 |
| Capital Gain Net Income | $26,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,635 |
| Total Revenue | $33,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $904 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,437 |
| Total operating and administrative expenses | $8,601 |
| Contributions, gifts, grants paid | $247,500 |
| Total expenses and disbursements | $256,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,581,811 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $284,884 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,252 |
| Total assets | $1,879,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Halfway Rock Foundation has awarded $247,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WARING SCHOOL PURPOSE: $25,000 (SCHOLARSHIP), $20,000 (BUILDING FUND) | $45,000 |
PHILLIPS EXETER ACADEMY PURPOSE: $5,000 (WOMEN'S LEADERSHIP COUNCIL), $10,000 (ANNUAL FUND), $50,000 (THEATER) | $65,000 |
THE TRUSTEES OF RESERVATIONS PURPOSE: $25,000 (ANNUAL GIVING/UNRESTRICTED), $25,000 (PROJECT PARIO), $10,000 (ERICKSON TRUST) | $60,000 |
THE THREEPENNY REVIEW PURPOSE: PUBLIC COMMUNITY GOOD (UNRESTRICTED) | $5,000 |
FINANCIAL SERVICES VOLUNTEER CORPS PURPOSE: PUBLIC COMMUNITY GOOD (UNRESTRICTED) | $10,000 |
HARVARD UNIVERSITY PURPOSE: PUBLIC COMMUNITY GOOD (UNRESTRICTED) | $5,000 |