Rocking Moon Foundation Inc
- Assets
- $11.0m
- Revenue
- $441.1k
- Investments
- $9.5m
- Employees
- 0
- Location
- Yarmouth, ME
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 05-0545520
Organization Overview
Rocking Moon Foundation Inc is located in Yarmouth, ME. The organization was established in 2003. 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. Rocking Moon Foundation Inc 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, Rocking Moon Foundation Inc generated $441.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (31.0%) 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 2019, Rocking Moon Foundation Inc has awarded 147 individual grants totaling $7,706,520. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES OFFICE SPACE AT A FREE OR SIGNIFICANTLY DISCOUNTED RENTAL RATE TO SMALL NON-PROFIT ENTITIES SO THAT THEY MAY MORE EASILY FACILITATE THEIR TAX-EXEMPT CHARITABLE MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph R Higdon Trustee | 1 | $0 | |
Ellen L Sudow Trustee | 1 | $0 | |
Sarah Higdon-Sudow Trustee | 1 | $0 | |
William J Higdon-Sudow President | 1 | $0 | |
Robert J Higdon Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,958 |
| Capital Gain Net Income | $230,958 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,492 |
| Total Revenue | $441,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $95,182 |
| Pension plans, employee benefits | $13,422 |
| Interest | $0 |
| Taxes | $3,859 |
| Depreciation | $64,099 |
| Occupancy | $15,620 |
| Travel, conferences, and meetings | $4,224 |
| Printing and publications | $163 |
| Other expenses | $21,443 |
| Total operating and administrative expenses | $273,102 |
| Contributions, gifts, grants paid | $1,430,320 |
| Total expenses and disbursements | $1,703,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,024 |
| Savings and temporary cash investments | $0 |
| 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 | $2,204,242 |
| Net Land, buildings, and equipment | $1,333,399 |
| Other assets | $432 |
| Total assets | $10,996,386 |
| 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, Rocking Moon Foundation Inc has awarded $2,354,625 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: PROGRAM SUPPORT - LGBT PROJECT | $80,000 |
AREA INTERFAITH OUTREACH FOOD AND ENERGY ASSISTANCE PURPOSE: PROGRAM SUPPORT - KNOX COUNTY WEEKEND MEAL PROGRAM | $25,000 |
BAILEY HOUSE PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
BERKS COUNTY COMMUNITY FOUNDATION PURPOSE: PROGRAM SUPPORT - FOR EDNANNIA UKRAINE RELIEF EFFORTS | $20,000 |
BLACK WOMEN'S BLUEPRINT PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
BRIGHT BEGINNINGS INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |