Royal Oak Foundation Inc
- Assets
- $9.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 01/1974
- Data as of
- 06/2023
- EIN
- 23-7349380
Organization Overview
Royal Oak Foundation Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Royal Oak Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Oak 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 06/2023, Royal Oak Foundation Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS FOR CONSERVATION OF HISTORIC PROPERTIES INCLUDING HOUSES AND GARDENS IN BRITAIN AND ELSEWHERE, AND SPONSORING EDUCATIONAL PROGRAMS WHICH ADDRESS ISSUES IN CONSERVATION AND PRESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LECTURES & TOURS:EDUCATIONAL SEMINARS, TOURS, AND LECTURES ON PRESERVATION AND HISTORY OF ARCHITECTURE AND DECORATIVE INTERIORS, HOUSES, AND GARDENS. 29 DIGITAL LECTURES AND TOURS AND 22 IN-PERSON LECTURES WERE HELD FROM JULY 2022 - JUNE 2023.
PRESERVATION OF HISTORIC SITES:GRANTS TO SUPPORT PRIORITIES OF THE NATIONAL TRUST AND OTHER PRESERVATION SOCIETIES TO PRESERVE IMPORTANT AND HISTORIC SITES, AND GRANTS TO PRESERVE THE ENVIRONMENT. ALSO INCLUDES FELLOWSHIPS FOR AMERICANS TO STUDY WITH THE NATIONAL TRUST IN THE PRESERVATION OF DECORATIVE OBJECTS AND GARDENS.
MEMBERSHIP:PUBLIC RELATIONS PROGRAM TO MAKE THE GENERAL PUBLIC AWARE OF AND EXPERIENCE THE HISTORIC AND NATURAL SPACES IN ENGLAND, WALES AND NORTHERN IRELAND. FREE ENTRY TO OVER 350 PROPERTIES OF THE NATIONAL TRUST OF ENGLAND, WALES AND NORTHERN IRELAND AND OVER 100 PROPERTIES BELONGING TO THE NATIONAL TRUST FOR SCOTLAND, AND REDUCED ADMISSIONPRICE FOR U.S. LECTURES AND TOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Boyd Chairman | OfficerTrustee | 3 | $0 |
Robert Sackville-West Vice-Chairman | OfficerTrustee | 3 | $0 |
Lauren Brisky Treasurer | OfficerTrustee | 1 | $0 |
Susan Ollila Secretary | OfficerTrustee | 1 | $0 |
Michael Brown Director | Trustee | 1 | $0 |
Sir David Cannadine Director (until 9/2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $797,237 |
| Fundraising events | $140,204 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,692,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,630,263 |
| Total Program Service Revenue | $431,660 |
| Investment income | $156,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,949 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,226,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $464,371 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $319,913 |
| Compensation of current officers, directors, key employees. | $49,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,597 |
| Pension plan accruals and contributions | $8,490 |
| Other employee benefits | $72,341 |
| Payroll taxes | $43,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $596 |
| Fees for services: Accounting | $21,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,568 |
| Advertising and promotion | $0 |
| Office expenses | $13,172 |
| Information technology | $67,848 |
| Royalties | $0 |
| Occupancy | $157,294 |
| Travel | $7,152 |
| 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 | $29,085 |
| Insurance | $18,094 |
| All other expenses | $19,566 |
| Total functional expenses | $2,114,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,751 |
| Savings and temporary cash investments | $201,868 |
| Pledges and grants receivable | $383,742 |
| Accounts receivable, net | $22,565 |
| 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 | $104,301 |
| Net Land, buildings, and equipment | $42,108 |
| Investments—publicly traded securities | $7,910,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $558,566 |
| Total assets | $9,316,602 |
| Accounts payable and accrued expenses | $58,270 |
| Grants payable | $6,208 |
| Deferred revenue | $419,122 |
| 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 | $277,569 |
| Total liabilities | $761,169 |
| Net assets without donor restrictions | $6,806,416 |
| Net assets with donor restrictions | $1,749,017 |
| 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 | $9,316,602 |