Golden Rule Foundation
- Assets
- $2.6m
- Revenue
- $132.0k
- Investments
- $2.5m
- Employees
- 0
- Location
- Rockport, ME
- Founding
- 09/1982
- Data as of
- 10/2022
- EIN
- 59-9207701
Organization Overview
Golden Rule Foundation is located in Rockport, ME. The organization was established in 1982. 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. Golden Rule 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 10/2022, Golden Rule Foundation generated $132.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $223.2k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Golden Rule Foundation has awarded 23 individual grants totaling $136,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sian Evans Chairman | 4 | $6,000 | |
Gareth Evans Trustee | 1 | $6,000 | |
Tegan Evans-Stephen Trustee | 1 | $6,000 | |
Trevor Evans Treasurer | 1 | $6,000 | |
Aidan Stephen Secretary | 0 | $1,500 | |
Axelle Evans Trustee | 0 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $59,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,399 |
| Capital Gain Net Income | $72,399 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $429 |
| Total Revenue | $131,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,021 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,416 |
| Total operating and administrative expenses | $87,192 |
| Contributions, gifts, grants paid | $136,000 |
| Total expenses and disbursements | $223,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,899 |
| 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 | $9,756 |
| Other assets | $0 |
| Total assets | $2,606,695 |
| 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, Golden Rule Foundation has awarded $136,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST HISTORIC FILM PURPOSE: THIS REQUEST WILL SUPPORT THREE PROJECTS. FIRST, $12,000 WILL GO TOWARDSOPERATIONAL SUPPORT. SECOND, $5,000 WILL AID THE HERE ALL THE TIMEDOCUMENTARY PROJECT. THIRD, $1,000 WILL ADD NEW SUPPORT TO THE MILLINOCKETFILM PRESERVATION EFFORT. | $18,000 |
ENVIRONMENTAL FILM FESTIVAL IN THE PURPOSE: DCEFF SEEKS SUPPORT FOR OUR ALL-VIRTUAL 30TH ANNIVERSARY FESTIVAL SLATED FORMARCH 17-27, 2022. WE PLAN TO SCREEN AT LEAST 100 FESTIVAL FILMS ANDPROGRAMS FEATURING 200-PLUS FESTIVAL SPEAKERS TO A DIVERSE AUDIENCE THROUGHTHE ONLINE CINEMA PLATFORM, EVENTIVE. SUPPORT FROM THE GOLDEN RULE | $1,000 |
GALLERY AFERRO PURPOSE: TO BRING CULTURAL EDUCATION AND AESTHETIC ENGAGEMENT WITH CONTEMPORARYISSUES TO ALL PEOPLE EQUALLY, AND TO CREATE AN ENVIRONMENT WHERE ARTISTS CANGATHER AND SHARE PHYSICAL AND INTELLECTUAL RESOURCES. WE REQUEST SUPPORT FOROUR ANNUAL ROSTER OF EXHIBITIONS, PUBLIC EVENTS, ARTIST RESIDENCY PROGRAM,EDUCATION OFFERINGS, PUBLIC ART, NEW MEDIA, PUBLICATIONS AND LEGACY WORKCONNECTING GENERATIONS. | $6,250 |
ART OMI PURPOSE: TO CONTINUE TO OFFER A FULLY FUNDED SPONSORSHIP TO INTERNATIONAL ARTISTS OF TALENTWHO ARE SEEKING AN OPPORTUNITY IN THE US. WITH THE SUPPORT OF THE GOLDEN RULEFOUNDATION'S GRANT, MATCHED BY AN ANONYMOUS DONOR, ART OMI IS ABLE TO COVERTHE ARTIST'S TRAVEL EXPENSES, OFFER A STIPEND FOR MATERIAL, IN ADDITION TO FULL BOARD,AND ALL PROGRAMMING AND OPPORTUNITIES OUR RESIDENCY PROGRAM OFFERS. | $5,000 |
GALLERY AFERRO PURPOSE: TO BRING CULTURAL EDUCATION AND AESTHETIC ENGAGEMENT WITH CONTEMPORARYISSUES TO ALL PEOPLE EQUALLY, AND TO CREATE AN ENVIRONMENT WHERE ARTISTS CANGATHER AND SHARE PHYSICAL AND INTELLECTUAL RESOURCES. WE REQUEST SUPPORT FOROUR ANNUAL ROSTER OF EXHIBITIONS, PUBLIC EVENTS, ARTIST RESIDENCY PROGRAM,EDUCATION OFFERINGS, PUBLIC ART, NEW MEDIA, PUBLICATIONS AND LEGACY WORKCONNECTING GENERATIONS. | $10,500 |
HOOVES FOR HARMONY INC PURPOSE: OUR PROGRAM IS EXPANDING TO INCLUDE MORE THAN JUST CHILDREN WITH DISABILITIESAND FOSTER CHILDREN. WE HAVE JOINED FORCES WITH OTHER NONPROFITS TO REACH SOMEOF THE MOST VULNERABLE CHILDREN IN OUR COMMUNITY: THOSE WHO LIVE IN POVERTY.WE ARE WORKING WITH NOVATO SPIRIT, GILEAD HOUSE (HOMELESS SHELTER), ANDMARIN COMMUNITY CLINIC. | $500 |