Overview
What is Rockley Family Foundation?
The Rockley Family Foundation, based in Golden, Colorado, is a nonprofit organization with a focus on promoting music education. They achieve this objective by raising funds for music scholarships and donating musical instruments to underprivileged individuals. Additionally, the foundation offers the use of these instruments to various music programs across the nation, supporting both faculty and students in their performance, practice, and outreach activities within the community. With a team of seven dedicated individuals, the Rockley Family Foundation contributes significantly to fostering music education and providing opportunities for those who may not otherwise have access to musical instruments.
Official website here: www.rockleyfamilyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49% - Zero-Star out of Four Star Rating
The Rockley Family Foundation has received a low rating of 49%, indicating significant issues in its accountability and financial practices. Key weaknesses include a lack of independent board members and insufficient financial statement transparency, contributing to a poor Accountability & Finance Score of 43. While the organization has shown effectiveness in program expense allocation, the absence of critical policies and practices raises concerns about governance and oversight.
User reviews from Great Nonprofits reflect a negative perception, with one reviewer labeling the organization as a scam. This feedback highlights the potential for misleading fundraising practices, which can further detract from the foundation's credibility. Such comments suggest that the foundation may be struggling to maintain trust and transparency with its supporters.
Despite its high scores in leadership and adaptability, the overall rating and user feedback suggest that the Rockley Family Foundation has significant room for improvement in governance and public perception. Addressing these issues could enhance its effectiveness and restore trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Rockley Family Foundation legitimate?
Rockley Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockley Family Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,864,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,111
For more financial information, click here
Official website here: www.rockleyfamilyfoundation.org
What is the mission statement of Rockley Family Foundation?
The Rockley Family Foundation's mission is centered around promoting music education. They achieve this objective by raising funds for music scholarships, donating musical instruments to underprivileged individuals, and offering the use of these instruments to various music programs across the nation. The donated instruments serve multiple purposes, including performance, practice, instruction, and community outreach.
Official website here: www.rockleyfamilyfoundation.org
Who is the CEO of Rockley Family Foundation?
Tobin Rockley is the President of Rockley Family Foundation.
Official website here: www.rockleyfamilyfoundation.org
What is the revenue of Rockley Family Foundation?
Rockley Family Foundation's revenue in 2022 was $7,562,950.
Official website here: www.rockleyfamilyfoundation.org
Who are the executives of Rockley Family Foundation and what are their salaries?
The average compensation at Rockley Family Foundation during 2022 was $275,798. There are 7 employees and 20 volunteers at Rockley Family Foundation.
Here are 3 key members and their salaries:
- Compensation: $636,388
- Related: $0
- Other: $0
- Compensation: $10,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rockleyfamilyfoundation.org
Where can I find the form 990 for Rockley Family Foundation?
Rockley Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockleyfamilyfoundation.org
Learn more at the official website: www.rockleyfamilyfoundation.org
Mission Statement of Rockley Family Foundation
The Rockley Family Foundation is committed to fostering music education. They achieve this mission by taking several approaches. Primarily, they raise funds to provide music scholarships, enabling talented individuals with financial constraints to pursue their musical aspirations. Beyond this, the foundation also contributes by donating musical instruments to underprivileged communities. Furthermore, Rockley Family Foundation offers the use of these instruments to various music programs across the nation. These donated instruments are utilized for performance, practice, methodology, or community outreach initiatives. The foundation's actions aim to not only enrich the existing music education landscape but also expand its reach into underserved communities.
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Impact
October, 2024
The Rockley Family Foundation profoundly impacts music education by facilitating access and opportunities for underprivileged students. Through financial support for music scholarships, the foundation empowers young musicians to pursue their passion without financial barriers. Additionally, by donating musical instruments to various music programs across the country, they ensure that students and faculty have the necessary resources for practice, performance, and outreach efforts. This commitment not only enriches the educational experience for students but also fosters a love for music within the community, making it more accessible to those who might not otherwise have the chance to engage with it.
This information is meant to be a general summary of Rockley Family Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,864
- Gross Receipts: $16,560,764
Assets and Liabilities:
- Total Assets: $830,392
- Total Liabilities: $723,757
- Net Assets: $106,635
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Organization Details
Founding Year
2007
Phone
(303) 210-1571Principal Officer
Tobin Rockley
Main Address
PO BOX 17930, GOLDEN, CO, 804026035
NTEE Category
Code: B124 - Education
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