Rowboat Family Foundation
- Assets
- $527.1k
- Revenue
- $794.9k
- Investments
- $394.8k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4333414
Organization Overview
Rowboat Family Foundation is located in Buffalo, NY. The organization was established in 2017. 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. Rowboat Family 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 12/2022, Rowboat Family Foundation generated $794.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Rowboat Family Foundation has awarded 55 individual grants totaling $5,504,761. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ORGANIZATIONS THAT ADVANCE THE FOUNDATION'S CHARITABLE PURPOSE OF ADVANCING SOCIAL, ECONOMIC, GENDER AND RACIAL JUSTICE, DISABILITY RIGHTS AND OTHER FORMS OF EQUALITY AND INCLUSION, FOSTERING SUSTAINABLE PROSPERITY, DEMOCRACY AND ETHICS IN PUBLIC AND PRIVATE INSTITUTIONS, PROMOTING A HEALTHY SOCIETY AND ENVIRONMENT AND ENSURING BROAD ACCESS TO HIGH QUALITY EDUCATION.
GRANT ADMINISTRATIVE PERSONNEL SUPPORT
FOUNDATION AND GRANT DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Mccluskey President | 5 | $0 | |
Carl Nightingale Secretary | 2 | $0 | |
Denise Herkey-Jarosch Foundation Administrator | 10 | $10,937 | |
Aaron Bartley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $778,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,756 |
| Capital Gain Net Income | $8,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $794,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,937 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $422 |
| Interest | $0 |
| Taxes | $1,757 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,709 |
| Total operating and administrative expenses | $32,149 |
| Contributions, gifts, grants paid | $1,282,000 |
| Total expenses and disbursements | $1,314,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $132,251 |
| 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 | $394,848 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $527,099 |
| Accounts payable and accrued expenses | $1,043 |
| 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 | $29,442 |
| Total liabilities | $30,485 |
Grants Awarded
Over the last fiscal year, Rowboat Family Foundation has awarded $1,282,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CLASSCRITS INC PURPOSE: EDUCATIONAL | $35,000 |
CENTER FOR PROGRESSIVE REFORM PURPOSE: EDUCATIONAL | $120,000 |
COMMUNITY VOICES HEARD PURPOSE: CHARITABLE | $75,000 |
PUBLIC ACCOUNTABLITY INITIATIVE PURPOSE: EDUCATIONAL | $150,000 |
CLEAN AIR COALITION OF WNY PURPOSE: CHARITABLE | $50,000 |
TIDES FOUNDATION PURPOSE: CHARITABLE | $225,000 |