Rocking Moon Foundation Inc
- Assets
- $14.9m
- Revenue
- $1.0m
- Investments
- $13.2m
- Employees
- 0
- Location
- Yarmouth, ME
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 05-0545520
Organization Overview
Rocking Moon Foundation Inc is located in Yarmouth, ME. The organization was established in 2003. 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. Rocking Moon 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 12/2021, Rocking Moon Foundation Inc generated $1.0m 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 (19.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rocking Moon Foundation Inc has awarded 105 individual grants totaling $5,351,895. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES OFFICE SPACE AT A FREE OR SIGNIFICANTLY DISCOUNTED RENTAL RATE TO SMALL NON-PROFIT ENTITIES SO THAT THEY MAY MORE EASILY FACILITATE THEIR TAX-EXEMPT CHARITABLE MISSIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Higdon Treasurer | 1 | $0 | |
Ellen L Sudow Trustee | 1 | $0 | |
Joseph R Higdon Trustee | 1 | $0 | |
Sarah Higdon-Sudow Trustee | 1 | $0 | |
William J Higdon-Sudow President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $777,858 |
| Capital Gain Net Income | $777,858 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,883 |
| Total Revenue | $1,001,984 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $72,000 |
| Pension plans, employee benefits | $5,862 |
| Interest | $0 |
| Taxes | $444 |
| Depreciation | $63,377 |
| Occupancy | $14,338 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $435 |
| Other expenses | $21,521 |
| Total operating and administrative expenses | $236,286 |
| Contributions, gifts, grants paid | $1,405,445 |
| Total expenses and disbursements | $1,641,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,560 |
| Savings and temporary cash investments | $52,184 |
| 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 | $2,630,179 |
| Net Land, buildings, and equipment | $1,367,269 |
| Other assets | $432 |
| Total assets | $14,853,019 |
| 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, Rocking Moon Foundation Inc has awarded $1,405,445 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Rockland, ME PURPOSE: $50,000 LGBTQIA & BIPOC YOUTH OUTREACH; $65,445 CAPACITY BUILDING (YEAR 3 OF 3) | $115,445 |
THE ALI FORNEY CENTER PURPOSE: GENERAL OPERATING SUPPORT - MULTI YEAR (YEAR 3 OF 3) | $100,000 |
Bethesda, MD PURPOSE: PROGRAM SUPPORT - ALY BAILEY FUND | $100,000 |
Portland, ME PURPOSE: CAPACITY BUILDING SUPPORT - MULTI YEAR (YEAR 2 OF 3) | $75,000 |
New York, NY PURPOSE: PROGRAM SUPPORT - LGBT PROJECT | $70,000 |
THE OPPORTUNITY NETWORK PURPOSE: GENERAL OPERATING & SCHOLARSHIP SUPPORT - MULTI YEAR (YEAR 2 OF 3) | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |