Halfway Rock Foundation
- Assets
- $2.0m
- Revenue
- $67.1k
- Investments
- $253.2k
- Employees
- 0
- Location
- Manchester, MA
- Founding
- 04/2001
- Data as of
- 06/2021
- 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 06/2021, Halfway Rock Foundation generated $67.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $279.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Halfway Rock Foundation has awarded 105 individual grants totaling $2,797,237. 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 |
|---|---|---|---|
Vincent J Panetta Trustee | 0 | $0 | |
Eunice J Panetta Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $247 |
| Dividends & Interest | $436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,939 |
| Capital Gain Net Income | $65,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $512 |
| Total Revenue | $67,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $250 |
| Taxes | $1,438 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,037 |
| Total operating and administrative expenses | $14,890 |
| Contributions, gifts, grants paid | $264,800 |
| Total expenses and disbursements | $279,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,775,396 |
| 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 | $253,249 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,156 |
| Total assets | $2,040,801 |
| 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 $264,800 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Exeter, NH 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 |
Beverly, MA PURPOSE: $25,000 (SCHOLARSHIP), $20,000 (BUILDING FUND) | $45,000 |
CHARITABLE AID FOUNDATION OF AMERIC PURPOSE: GIFT TO AAM | $22,300 |
New York, NY PURPOSE: SCHOLARSHIP | $20,000 |
Salem, MA PURPOSE: PUBLIC COMMUNITY GOOD (UNRESTRICTED) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |