Rockley Family Foundation Inc
- Assets
- $830.4k
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Golden, CO
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-8233098
Organization Overview
Rockley Family Foundation Inc is located in Golden, CO. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Rockley Family Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockley Family 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, Rockley Family Foundation Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rockley Family Foundation Inc has awarded 333 individual grants totaling $23,617,993. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MUSIC EDUCATION. THIS IS ACCOMPLISHED BY RAISING MONEY FOR MUSIC SCHOLARSHIPS, DONATION OF MUSICAL INSTRUMENTS TO THE UNDER PRIVILEGED AND DONATION OF THE USE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE BOTH THE USE OR OUTRIGHT DONATION OF MUSICAL INSTRUMENTS TO VARIOUS MUSIC PROGRAMS ACROSS THE COUNTRY. THESE DONATED INSTRUMENTS MAY BE USED BY FACULTY AND STUDENTS FOR PERFORMANCE, PRACTICE, METHODS OR TO SUPPORT OUTREACH INTO THE COMMUNITY.
WE RECEIVE DONATIONS OF MUSICAL INSTRUMENTS BY GENEROUS INDIVIDUALS WHO ARE NO LONGER USING THEM. MANY OF THESE INSTRUMENTS ARE REFURBISHED AND PROVIDED AT NO COST TO INDIVIDUALS WHO WOULD NOT OTHERWISE HAVE THE RESOURCES TO PURCHASE.
WE DO NOT AWARD SCHOLARSHIPS DIRECTLY TO THE GENERAL PUBLIC. INSTEAD, WE PROVIDE RESOURCES TO MANY OF OUR INSTITUTIONAL PARTNERS WHO IN TURN SELECT AND AWARD MUSIC SCHOLARSHIPS AT THEIR DISCRETION. AS A RESULT OF THE CONTRIBUTION FROM THE FOUNDATION, STUDENTS AT OUR PARTNER UNIVERSITIES ARE GIVEN THE OPPORTUNITY TO CONTINUE THEIR MUSICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tobin Rockley President | OfficerTrustee | 60 | $636,388 |
Liane Pieffer Rockley Secretary/treasurer | Officer | 12 | $10,500 |
Nina Rockley Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hale Thomas Ryan Sales | 12/30/22 | $269,639 |
Rockley Enterprises Sales | 12/30/22 | $231,946 |
Encore Consulting Sales | 12/30/22 | $211,436 |
Paul Salazar Sales | 12/30/22 | $130,289 |
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 | $3,112 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,112 |
| Total Program Service Revenue | $0 |
| Investment income | $7,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,551,974 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,562,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,837,916 |
| 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. | $1,864,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,486 |
| Payroll taxes | $32,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,061,603 |
| Office expenses | $21,621 |
| Information technology | $6,824 |
| Royalties | $0 |
| Occupancy | $11,400 |
| Travel | $234,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,227 |
| All other expenses | $0 |
| Total functional expenses | $7,566,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,544 |
| Savings and temporary cash investments | $156,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,707 |
| Loans from Officers, Directors, or Controlling Persons | $220,494 |
| Loans from Disqualified Persons | $297,136 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $830,392 |
| Accounts payable and accrued expenses | $573,270 |
| 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 | $150,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $723,757 |
| Net assets without donor restrictions | $0 |
| 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 | $106,635 |
| Total liabilities and net assets/fund balances | $830,392 |
Grants Awarded
Over the last fiscal year, Rockley Family Foundation Inc has awarded $2,828,516 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
THOMPSON SCHOOL DISTRICT PURPOSE: Education of Students | $17,397 |
SETON HALL UNIVERSITY PURPOSE: Education of Students | $198,281 |
UNIVERSITY OF NORTH CAROLINA(UNCC) PURPOSE: Education of Students | $104,130 |
ARAPAHO COMMUNITY COLLEGE PURPOSE: Education of Students | $16,750 |
AURARIA HIGHER EDUCATION METROUCD PURPOSE: Education of Students | $95,600 |
ALLEGRO CHARTER SCHOOL OF MUSIC PURPOSE: Education of Students | $10,898 |