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 4 years, the organization has seen revenues fall by an average of (20.5%) 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 (14.1%) per year over the past 4 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 | |
Axelle Evans Trustee | 0 | $1,500 | |
Aidan Stephen Secretary | 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 |
|---|---|
Bucksport, ME 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 |
PHILADELPHIA CITY ROWING PURPOSE: PCR IS SEEKING $16,000 OF GENERAL OPERATING SUPPORT FROM MEEGAN COLL ANDTHE PHOENIX DRAGON BOAT TEAM TO SUPPORT GROWING OUR PRESENCE INUNDERSERVED SCHOOLS THROUGHOUT PHILADELPHIA. YOUR SUPPORT WILL ENABLE US TODEDICATE MORE STAFF TIME TO GETTING OUR PROGRAM IN FRONT OF AS MANYPHILADELPHIA STUDENTS AS POSSIBLE AND WILL SUPPORT EXPANSION OF OUR MIDDLESCHOOL AND SUMMER LEARN-TO-ROW PROGRAMS. | $16,000 |
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 |
Brooklyn, NY PURPOSE: THIS GRANT WILL ALLOW OUR SCHOOL TO ENHANCE OUR PERFORMING ARTS, ACTING ANDCHORUS PROGRAMMING. WE WILL USE THIS FUNDING TO HIRE A MUSICAL DIRECTOR, ACTINGTEACHER AND CHOREOGRAPHER TO COACH OUR STUDENTS. WE WILL ALSO ALLOCATE MONEYFOR OUR SET DESIGN CREW. OUR GOAL IS TO PROVIDE STUDENTS WITH ACTING CLASSES ANDSINGING LESSONS AND TO PERFORM A SCHOOL MUSICAL AND TALENT SHOW. | $10,000 |
MAINE YOUTH ALLIANCE DBA THE GAME L PURPOSE: THE IMMEDIATE GOAL OF THE PROGRAM IS INCREASED SOCIALIZATION, EMOTIONALCONTROL, AND SUMMER LEARNING. THE LONG-TERM GOAL IS TO HELP YOUTH BECOMEADULTS WHO ARE: CONFIDENT, COMPETENT, CONNECTED, CONTRIBUTING, AND CARING. THEGAME LOFT WILL RUN SUMMER PROGRAMS FROM JULY 6 THROUGH SEPTEMBER 30, 2022FOR YOUTH AGES 6-18. | $10,000 |
Richmond, VA PURPOSE: THIS GRANT REQUEST IS TO SUPPORT THE CONTINUED SUCCESS AND EXPANSION OFCOMMUNITY PARTNERSHIPS PROGRAMS (CPPS) AT VISARTS. THIS INCLUDES: MAKESPACE, ART AFTER SCHOOL (AAS), ADULT PARTNERSHIPS (STUDIO S AND VETERANS)AND ENGAGE, OUR GALLERY EDUCATION PROGRAM. IN 2022-23 CPPS WILL DELIVER ARTSEDUCATION AND STUDIO ARTS EXPERIENCES TO 2,500 YOUTH AND OVER 500 ADULTCOMMUNITY-MEMBERS WHO ARE IN NEED. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |