Peggy Mcgrath Rockefeller Foundation
- Assets
- $16.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2261050
Organization Overview
Peggy Mcgrath Rockefeller Foundation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Peggy Mcgrath Rockefeller 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 12/2021, Peggy Mcgrath Rockefeller Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.7% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Peggy Mcgrath Rockefeller Foundation has awarded 30 individual grants totaling $492,250. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION AND ACTIVITIES ARE BASED ON THE FUNDAMENTAL IMPORTANCE OF SUSTAINABLE AGRICULTURE. IT INTENDS TO MAKE ITS LAND AVAILABLE TO FARMERS AND FARM ORGANIZATIONS THAT DO NOT OTHERWISE HAVE ACCESS TO FARM LAND FOR ORGANIC AND/OR BIODYNAMIC FARMING. THE ORGANIZATION WORKS FOR THE SOCIAL ECONOMIC AND CULTURAL ENRICHMENT OF SUCH SMALL SCALE FARMS, AND THE HUDSON VALLEY COMMUNITIES THAT SURROUND THEM, AS A MODEL OF SUSTAINABLE AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Goldmark Employee | 40 | $92,932 | |
Louis Zapp Employee | 40 | $84,108 | |
Patricia K Wallace Employee | 40 | $78,484 | |
Herbert Phillips Employee | 40 | $72,814 | |
Warren Rankin Employee | 40 | $54,456 | |
David Rockefeller Jr President | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Rockefeller Jr | 12/30/16 | $0 |
Abby Rockefeller | 12/30/16 | $0 |
Margaret Dulany | 12/30/16 | $0 |
Linda Goelz | 12/30/16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $13,058 |
| Dividends & Interest | $21,004 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$629,372 |
| Capital Gain Net Income | $185,133 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,500,007 |
| Total Revenue | $1,905,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $803,692 |
| Pension plans, employee benefits | $127,796 |
| Interest | $12,575 |
| Taxes | $116,045 |
| Depreciation | $984,112 |
| Occupancy | $86,181 |
| Travel, conferences, and meetings | $7,579 |
| Printing and publications | $0 |
| Other expenses | $2,179,560 |
| Total operating and administrative expenses | $4,501,500 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,501,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,462 |
| 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 | $0 |
| Net Land, buildings, and equipment | $15,491,412 |
| Other assets | $664,119 |
| Total assets | $16,278,993 |
| 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 | $601,805 |
| Total liabilities | $601,805 |
Grants Awarded
Over the last fiscal year, Peggy Mcgrath Rockefeller Foundation has awarded $165,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Hudson, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Chatham, NY PURPOSE: GENERAL SUPPORT | $5,000 |
COLUMBIA GREENE COMMUNITY HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
Hudson, NY PURPOSE: GENERAL SUPPORT | $2,000 |
GERMANTOWN HOSE COMPANY #1 PURPOSE: GENERAL SUPPORT | $1,000 |
CHURCHTOWN FIRE DEPARTMENT PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |