Roseanum Foundation Inc is located in Palermo, ME. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roseanum 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 12/2022, Roseanum Foundation Inc generated $154.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $112.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPERIMENTAL METHOD FOR TURNING A VACANT FIELD THAT WAS USED FOR HORSE PASTURE (OVER THREE YEARS AGO) INTO A FIELD APPROPRIATE FOR FOOD CULTIVATION. ROTATIONAL GRAZING SETUP. WE ARE MAINTAINING FLOCK HEALTH THROUGH ROTATIONAL GRAZING, WHICH REQUIRES THE ENTIRE FLOCK TO BE FENCED INTO SMALLER PASTURES FOR A PERIOD OF TIME, USUALLY 3 WEEKS (DEPENDING ON PASTURE SIZE) AND THEN MOVED ON TO THE NEXT PASTURE. THIS GIVES THE THE ANIMALWASTE IN THE PASTURES NOT IN USE TIME TO DECAY, AND RESTRICTS THE FLOCK TO FRESHER GRAZING PASTURE.
GREENHOUSE CONSTRUCTION: THREE LARGE HOOP HOUSE GREENHOUSES WERE COMPLETED IN 2022. TWO WERE USED FOR VEGETABLE PRODUCTION, THE THIRD WAS NOT COMPLETE UNTIL FALL AND WAS USED FOR HOUSING THE HENS OVER THE WINTER (IT CREATES A PLEASANT AND WARM ENVIRONMENT FOR THEM ANDBECAUSE OF THE ABUNDANCE OF LIGHT EVEN IN DEEP WINTER, THEY CONTINUE TO PRODUCE EGGS.
COSTS OF MAINTAINING COMPLETE AND ACCURATE FINANCIAL RECORDS, OFFICE EXPENSE AND INSURANCE.
COMPRESSED AIR SYSTEM DEEP WATER WELL REFINEMENTS:AS MENTIONED IN THE ORIGINAL FORM 1023, THERE IS AN OFF-GRID, UNNELECTRIFIED SCHOOLHOUSE ON THE PROPERTY WHICH IS USED AS A HOME. THE SCHOOL HOUSE USES THE COMPRESSED AIR ENERGY SYSTEMS FOR PUMPING WATER, WHICH IS ONE OF THE PRIMARY AREAS OF RESEARCH INTEREST FOR OFF-GRID SYSTEMS.THIS SYSTEM WAS FURTHER REFINED IN 2022 BY: ADDING A SECOND 125 GALLON TANK FOR COMPRESSED AIR,AND ADDING A SECONDARY AIR PUMP DRIVEN BY A SINGLE SOLAR PANEL AND SMALL AGM BATTERY SETUP. WE BELIEVE THAT TO PROPERLY TEST AN OFF GRID SYSTEM IT MUST BE USED NEARLY 100% OF THE TIME IN ALL WEATHER. THE AIR SYSTEM PERFORMED BETTER THAN EXPECTED. HOWEVER, THE THERMOSIPHON AS INSTALLED DID NOT PERFORM WELL, AND IMPROVEMENTS TO THAT ARE PLANNED FOR 2023. THE OBJECTIVE IS TO DEMONSTRATE THAT THE SYSTEM IS RELIABLE AND SIMPLE ENOUGH THAT OTHER PEOPLE CAN GO FORWARD AND BUILD PRIMARY HOMES WITHOUT ELECTRICITY IN THE WALLS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cordelia Lane Farm Manager | 30 | $0 | |
Brook Delorme Research And Fabrication | 3.5 | $0 | |
Daniel Pepice Technology Manager | 3.5 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $150,000 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
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 | $4,944 |
Other Income | $0 |
Total Revenue | $154,944 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $16,560 |
Pension plans, employee benefits | $1,603 |
Interest | $0 |
Taxes | $0 |
Depreciation | $27,313 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $62,260 |
Total operating and administrative expenses | $112,851 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $112,851 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $132,829 |
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 | $209,482 |
Other assets | $0 |
Total assets | $342,311 |
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 |