June Rockwell Levy Foundation Incorporated
- Assets
- $36.3m
- Revenue
- $3.1m
- Investments
- $15.0m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/1950
- Data as of
- 12/2021
- EIN
- 04-6074284
Organization Overview
June Rockwell Levy Foundation Incorporated is located in Providence, RI. The organization was established in 1950. 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. June Rockwell Levy Foundation Incorporated 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 12/2021, June Rockwell Levy Foundation Incorporated generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.5% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, June Rockwell Levy Foundation Incorporated has awarded 158 individual grants totaling $2,254,766. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A SECTION 509(A)(3) SUPPORTING ORGANIZATION OF THE RHODE ISLAND FOUNDATION
Describe the Organization's Program Activity:
AWARDING GRANTS FOR CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Denman Scott MD Director | Trustee | 1 | $5,200 |
Raymond G Leveille Vice President/secretary | OfficerTrustee | 2 | $5,000 |
Jonathan B Loring President | OfficerTrustee | 2 | $5,000 |
Nancy B Smith Treasurer | OfficerTrustee | 1 | $4,000 |
John D Muggeridge Director | Trustee | 1 | $4,000 |
Deming E Sherman ESQ Director | Trustee | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $424,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,692,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,117,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,273,016 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,800 |
| Compensation of current officers, directors, key employees. | $40,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,738 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $142,729 |
| Total functional expenses | $1,600,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $759,977 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,618,936 |
| Investments—other securities | $14,965,087 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,344,000 |
| Accounts payable and accrued expenses | $154 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $154 |
| Net assets without donor restrictions | $36,343,846 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,344,000 |
Grants Awarded
Over the last fiscal year, June Rockwell Levy Foundation Incorporated has awarded $1,149,016 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: FINANCIAL AID | $40,000 |
Providence, RI PURPOSE: HOUSING SERVICES FOR ECONOMIC STABILITY, GENERAL OPERATING | $40,000 |
HARRISVILLE HOSE CO NO 1 PURPOSE: X SERIES MANUAL MONITOR/DEFIBRILLATOR | $32,816 |
Providence, RI PURPOSE: GENERAL OPERATING | $30,000 |
Woonsocket, RI PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Chepachet, RI PURPOSE: 2021 GEORGE M. JACQUES CAMPERSHIPS FOR NEEDY CHILDREN | $25,000 |
Endowment Analysis
| Beg. Balance | $31,409,590 |
| Earnings | $6,461,273 |
| Admin Expense | $184,001 |
| Grants | $1,343,016 |
| Ending Balance | $36,343,846 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Newmans Own Foundation Westport, CT | $226,904,846 | $19,666,525 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
F B Heron Foundation New Milford, CT | $412,823,233 | $28,288,660 |
Ralph R Papitto And Barbara A Papitto Private Family Foundation Hope, RI | $20,164,629 | $44,911,185 |
Diebold Foundation Inc Roxbury, CT | $15,650,779 | $11,297,446 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Hassenfeld Foundation Providence, RI | $69,706,667 | $3,941,296 |