June Rockwell Levy Foundation Incorporated
- Assets
- $30.7m
- Revenue
- $1.0m
- Investments
- $13.7m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/1950
- Data as of
- 12/2022
- 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 12/2022, June Rockwell Levy Foundation Incorporated generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, June Rockwell Levy Foundation Incorporated has awarded 237 individual grants totaling $3,550,766. 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
2022
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 |
|---|---|---|---|
Jonathan B Loring President | OfficerTrustee | 2 | $5,000 |
Raymond G Leveille Vice President/secretary | OfficerTrustee | 2 | $5,250 |
John D Muggeridge Treasurer | OfficerTrustee | 2 | $4,000 |
Kyle Bennett Director (as Of 6/22) | Trustee | 1 | $1,600 |
Karen G Delponte ESQ Director | Trustee | 1 | $2,400 |
Carol Golden Einhorn Director (as Of 2/22) | 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 | $362,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $659,822 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,021,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,434,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,050 |
| Compensation of current officers, directors, key employees. | $49,050 |
| 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 | $9,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,778 |
| Fees for services: Other | $2,801 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $150,556 |
| Total functional expenses | $1,731,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $314,968 |
| 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 | $16,708,286 |
| Investments—other securities | $13,690,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,714,060 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $30,714,060 |
| 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 | $30,714,060 |
Grants Awarded
Over the last fiscal year, June Rockwell Levy Foundation Incorporated has awarded $1,296,000 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPTION RHODE ISLAND PURPOSE: GENERAL SUPPORT | $15,000 |
AMENITY AID PURPOSE: ADDRESSING HYGIENE POVERTY IN PROVIDENCE COUNTY | $6,000 |
AMOS HOUSE PURPOSE: GENERAL SUPPORT, EMERGENCY SERVICES AND FOOD INSECURITY PROGRAMS | $45,000 |
ART CONNECTION IN RHODE ISLAND PURPOSE: CONNECTING LIVES WITH ART | $8,000 |
AS220 PURPOSE: YOUTH PROGRAMS | $15,000 |
AUDUBON SOCIETY OF RHODE ISLAND PURPOSE: 2022 ENVIRONMENTAL EDUCATION INITIATIVE | $15,000 |