Rosemarie Beck Foundation
- Assets
- $1.9m
- Revenue
- $12.7k
- Investments
- $300.5k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 05/2006
- Data as of
- 10/2023
- EIN
- 73-1663290
Organization Overview
Rosemarie Beck Foundation is located in Cambridge, MA. The organization was established in 2006. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosemarie Beck 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 10/2023, Rosemarie Beck Foundation generated $12.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $173.3k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH A MUSEUM FOR THE PAINTINGS OF ROSEMARIE BECKCREATE AND MAINTAIN ART EXHIBITIONSMAINTAIN AND SUPPORT A RESEARCH LIBRARY AND ARCHIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger D Phelps Trustee | 1 | $0 | |
Doria Hughes Trustee | 8 | $0 | |
Colleen Randall Trustee | 1 | $0 | |
Catherine Drabkin Trustee | 0 | $0 | |
Shiao-Ping Wang Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6 |
| Taxes | $460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,229 |
| Total operating and administrative expenses | $38,295 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $173,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,901 |
| 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 | $1,547,215 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $300,491 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,700 |
| Total assets | $1,916,307 |
| 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 | $2 |
| Total liabilities | $2 |
Grants Awarded
Over the last fiscal year, Rosemarie Beck Foundation has awarded $135,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VERMONT STUDIO CENTER PURPOSE: EDUCATIONAL PURPOSES | $1,000 |
UNIVERSITY OF NH - MUSEUM OF ART PURPOSE: EDUCATIONAL PURPOSES | $134,000 |