Rosemoor Foundation Inc
- Assets
- $10.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 13-3281516
Organization Overview
Rosemoor Foundation Inc is located in New York, NY. The organization was established in 1985. 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. Rosemoor 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 12/2021, Rosemoor Foundation Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rosemoor Foundation Inc has awarded 153 individual grants totaling $31,909,339. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROSEMOOR FOUNDATION, INC. (THE "FOUNDATION") WAS FOUNDED IN 1985 AND EXISTS TO PROVIDE FINANCIAL SUPPORT FOR A VARIETY OF APOSTOLIC INITIATIVES, CENTERS AND ACTIVITIES WHOSE ORIGIN AND MISSION ARE INSPIRED BY THE CATHOLIC PRELATURE OF OPUS DEI. THE FOUNDATION ASSISTS PROJECTS OF NATIONAL AND INTERNATIONAL SCOPE WHICH HAVE SPECIAL IMPORTANCE FOR THE WORK DF OPUS DEI. THOUGH NOT LIMITED IN SCOPE, THE FOUNDATION PLACES SPECIAL EMPHASIS ON SUPPORTING THOSE APOSTOLATES CARRIED OUT BY AND FOR WOMEN IN THE UNITED STATES. THE FOUNDATION RECEIVES MOST OF ITS FUNDS FROM THE REGULAR CONTRIBUTIONS MADE BY THE FAITHFUL OF THE PRELATURE OF OPUS DEI AND CERTAIN COOPERATORS, SOME OF WHOM ARE NOT CATHOLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR CONSTRUCTION OR MAINTENANCE OF PROGRAM FACILITIES AND SUPPORT OF EDUCATIONAL AND SPIRITUAL GUIDANCE PROGRAMS.
SCHOLARSHIPS AND OTHER SPECIFIC ASSISTANCE TO QUALIFYING INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Elise Eckman President | OfficerTrustee | 5 | $0 |
Jacqueline Taylor Assistant Treasurer | OfficerTrustee | 1 | $0 |
Marie Oates Secretary | OfficerTrustee | 1 | $0 |
Tona Varela Treasurer | OfficerTrustee | 5 | $0 |
Laura Roman Assistant Treasurer | OfficerTrustee | 1 | $0 |
Maria Socorro Rodriguez Vice President | OfficerTrustee | 1 | $0 |
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 | $6,073,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,073,624 |
| Total Program Service Revenue | $0 |
| Investment income | $26,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,265 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,090,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,216,221 |
| Grants and other assistance to domestic individuals. | $82,128 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,939 |
| Fees for services: Management | $14,445 |
| Fees for services: Legal | $8,760 |
| Fees for services: Accounting | $15,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,025 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,492 |
| Interest | $2,797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,600 |
| Insurance | $3,646 |
| All other expenses | $0 |
| Total functional expenses | $3,421,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,692,464 |
| Savings and temporary cash investments | $2,027,545 |
| 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 | $22,743 |
| Investments—publicly traded securities | $5,977,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,572 |
| Total assets | $10,032,133 |
| Accounts payable and accrued expenses | $6,927 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $854,464 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $911,391 |
| Net assets without donor restrictions | $9,106,929 |
| Net assets with donor restrictions | $13,813 |
| 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 | $10,032,133 |
Grants Awarded
Over the last fiscal year, Rosemoor Foundation Inc has awarded $3,211,022 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CAPITAL AND PROGRAM GRANTS | $915,941 |
Washington, DC PURPOSE: CAPITAL AND PROGRAM GRANTS | $637,000 |
Washington, DC PURPOSE: CAPITAL AND PROGRAM GRANTS | $567,960 |
Los Angeles, CA PURPOSE: CAPITAL AND PROGRAM GRANTS | $176,000 |
New York, NY PURPOSE: CAPITAL AND PROGRAM GRANTS | $144,021 |
Washington, DC PURPOSE: CAPITAL AND PROGRAM GRANTS | $120,255 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rosemoor Foundation Inc has recieved totaling $9,900.
| Awarding Organization | Amount |
|---|---|
Castlewood Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $9,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |