Dorothea And Leo Rabkin Foundation
- Assets
- $21.4m
- Revenue
- $984.7k
- Investments
- $20.4m
- Employees
- 0
- Location
- South Portland, ME
- Founding
- 10/2000
- Data as of
- 11/2023
- EIN
- 13-4091650
Organization Overview
Dorothea And Leo Rabkin Foundation is located in South Portland, ME. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dorothea And Leo Rabkin 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 11/2023, Dorothea And Leo Rabkin Foundation generated $984.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (34.4%) each year. All expenses for the organization totaled $1.0m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Dorothea And Leo Rabkin Foundation has awarded 128 individual grants totaling $3,187,800. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISUAL ARTS JOURNALISM PRIZE PROGRAM IN WHICH A PANEL OF NOMINATORS PUT FORTH CANDIDATES FOR AWARDS BASED ON PAST ACHIEVEMENTS; EACH CANDIDATE SUBMITS WRITING SAMPLES OF PREVIOUSLY PUBLISHED WORK (WITHIN THE LAST 3 YEARS) AND A BRIEF CURRICULUM VITA. RECIPIENTS ARE CHOSEN BY A JURY OF NATIONALLY RECOGNIZED CURATORS, WRITERS, ARTISTS, AND OTHER THOUGHTFUL READERS OF CONTEMPORARY ART CRITICISM.
EXPENDITURES RELATING TO CATALOGUING, STORING, CONSERVING AND DISPLAYING THE ABSTRACT AND AMERICAN FOLK ART COLLECTIONS, TO INCLUDE PROMOTING THE VISUAL ARTS THROUGH EXHIBITIONS, CARING FOR AND MAINTAINING THE ART COLLECTION, SHARING THE COLLECTION WITH STUDENTS AND THE GENERAL PUBLIC, AND MAINTAINING AN ARCHIVE OF DATA ABOUT THE COLLECTION AND THE RABKINS' LIVES FOR USE BY SCHOLARS AND RESEARCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Larsen Executive Director Until 10/1 | 50 | $131,250 | |
Mary Louise Schumacher Executive Director Since 10/1 | 50 | $25,000 | |
Nancy Karlins Thoman President | 1 | $0 | |
Edgar Allen Beem Secretary | 1 | $0 | |
Deborah Irmas Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eastern Consolidated Brokerage | 11/29/16 | $363,000 |
John Guiton | 11/29/16 | $242,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $448,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $535,185 |
| Capital Gain Net Income | $535,185 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $978 |
| Total Revenue | $984,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,250 |
| Other employee salaries and wages | $77,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,436 |
| Depreciation | $0 |
| Occupancy | $27,607 |
| Travel, conferences, and meetings | $10,628 |
| Printing and publications | $0 |
| Other expenses | $84,468 |
| Total operating and administrative expenses | $511,845 |
| Contributions, gifts, grants paid | $507,000 |
| Total expenses and disbursements | $1,018,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,245 |
| 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 | $1,803,926 |
| Net Land, buildings, and equipment | $245,000 |
| Other assets | $713,917 |
| Total assets | $21,393,203 |
| 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, Dorothea And Leo Rabkin Foundation has awarded $507,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
DARLA MIGAN PURPOSE: VISUAL ARTS JOURNALISM PRIZE; SEE PART IX-A FOR MORE INFORMATION | $51,000 |
ANNETTE LE PIQUE PURPOSE: VISUAL ARTS JOURNALISM PRIZE; SEE PART IX-A FOR MORE INFORMATION | $51,000 |
JILLIAN STEINHAUER PURPOSE: VISUAL ARTS JOURNALISM PRIZE; SEE PART IX-A FOR MORE INFORMATION | $51,000 |
ERIN JOYCE PURPOSE: VISUAL ARTS JOURNALISM PRIZE; SEE PART IX-A FOR MORE INFORMATION | $51,000 |
EILEEN G'SELL PURPOSE: VISUAL ARTS JOURNALISM PRIZE; SEE PART IX-A FOR MORE INFORMATION | $51,000 |
HARMONY HOLIDAY PURPOSE: VISUAL ARTS JOURNALISM PRIZE; SEE PART IX-A FOR MORE INFORMATION | $51,000 |