Rowe Foundation Inc
- Assets
- $164.8k
- Revenue
- $16.1k
- Investments
- $143.8k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1990
- Data as of
- 12/2022
- EIN
- 04-3071209
Organization Overview
Rowe Foundation Inc is located in Boston, MA. The organization was established in 1990. 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. Rowe 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, Rowe Foundation Inc generated $16.1k 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 (27.5%) each year. All expenses for the organization totaled $8.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (48.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rowe Foundation Inc has awarded 15 individual grants totaling $220,000. 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 |
|---|---|---|---|
Peter A Wilson President/treasurer | 1 | $0 | |
Mark M Christopher Secretary/director | 1 | $0 | |
Matthew R Hillery Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $278 |
| Dividends & Interest | $5,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,564 |
| Capital Gain Net Income | $10,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $232 |
| Total Revenue | $16,074 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | $8,184 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $8,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,963 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $164,773 |
| 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, Rowe Foundation Inc has awarded $110,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FRENCH LIBRARY & CULTURAL CENTER INC PURPOSE: GENERAL SUPPORT | $35,000 |
AMERICAN RIVERS PURPOSE: GENERAL SUPPORT | $5,000 |
EMERSON COLLEGE PURPOSE: GENERAL SUPPORT | $35,000 |
ROCKY MOUNTAIN YOUTH CORPS PURPOSE: GENERAL SUPPORT | $5,000 |
ROSIE'S PLACE PURPOSE: GENERAL SUPPORT | $2,000 |
WELLSPRING HOUSE INC PURPOSE: GENERAL SUPPORT | $18,000 |