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Rockit Live Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473710988 ✦ Middletown, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Rockit Live Foundation Inc?

Rockit Live Foundation Inc, situated in Middletown, New Jersey, is a small-scale nonprofit organization with a mission to provide music instruction and performance lessons for children. Their primary activities involve offering both individual and group lessons, with a focus on scholarships, as indicated by the tuition and expenses totaling $29,536. The organization, with a team of four dedicated individuals, operates from 2 Niles Avenue.


Official website here: www.rockitacademy.org

Is Rockit Live Foundation Inc legitimate?

Rockit Live Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockit Live Foundation Inc 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: $82,700
Professional Fundraising Fees: $5,250
Other Salaries and Wages: $79,409

For more financial information, click here


Official website here: www.rockitacademy.org

What is the mission statement of Rockit Live Foundation Inc?

The Rockit Live Foundation Inc's mission revolves around providing music instruction and performance lessons for children. This mission is carried out through individual and group lessons, with a focus on benefiting young learners. The organization is dedicated to covering the tuition costs for scholarship students, as indicated by an expense totaling 29,536 dollars. In essence, the Rockit Live Foundation Inc aims to foster musical growth and development among children, offering them a platform for learning and performance.


Official website here: www.rockitacademy.org

Who is the CEO of Rockit Live Foundation Inc?

Bruce Gallipani is the Executive Director of Rockit Live Foundation Inc.


Official website here: www.rockitacademy.org

What is the revenue of Rockit Live Foundation Inc?

Rockit Live Foundation Inc's revenue in 2022 was $260,136.


Official website here: www.rockitacademy.org

Who are the executives of Rockit Live Foundation Inc and what are their salaries?

The average compensation at Rockit Live Foundation Inc during 2022 was $40,527. There are 4 employees at Rockit Live Foundation Inc.


Here are 8 key members and their salaries:


Bruce Gallipani (Executive Director)
  • Compensation: $82,700
  • Related: $0
  • Other: $0
Samantha Grande (Treasurer)
  • Compensation: $4,800
  • Related: $0
  • Other: $0
Fred Ferrara (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Ferrara (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyssa Ford (President/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Pestore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marge Pellicano (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Viani (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rockitacademy.org

Where can I find the form 990 for Rockit Live Foundation Inc?

Rockit Live Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rockitacademy.org

Learn more at the official website: www.rockitacademy.org

Mission Statement of Rockit Live Foundation Inc

Rockit Live Foundation Inc, as indicated in its mission statement, is dedicated to providing music instruction and performance lessons for children. This nonprofit organization offers individual and group lessons, aiming to nurture the musical talents of young individuals. The foundation's mission is reflected in its activity, which is centered around facilitating musical education and performance opportunities for children. The costs associated with this instruction, including those for scholarship students, totaled 29,536 dollars, highlighting the organization's commitment to making music education accessible to as many children as possible.

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Impact




October, 2024

Rockit Live Foundation Inc significantly impacts children by providing music instruction and performance opportunities through both individual and group lessons. With a mission centered around fostering musical talent, the foundation offers access to quality music education that can enhance children's artistic development and confidence. The expenses for scholarship students, totaling $29,536, illustrate a commitment to making music education accessible to those who may otherwise be unable to afford it. Situated in Middletown, NJ, the foundation plays a vital role in the local arts scene, nurturing the next generation of musicians and enriching the community's cultural fabric.




This information is meant to be a general summary of Rockit Live Foundation Inc. 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.

Revenue
$260,136 (2022)
Expenses
$271,566 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $203,052
  • Gross Receipts: $260,136

Assets and Liabilities:

  • Total Assets: $2,086
  • Total Liabilities: $3,090
  • Net Assets: -$1,004

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition

Revenue

$74,520

Lessons/Scholarships

Revenue

$100,885

Performance

Revenue

$17,090

Other

Revenue

$10,557

Organization Details

Founding Year

2015

Principal Officer

Bruce Gallipani

Main Address

2 Niles Avenue, Middletown, NJ, 07748

NTEE Category

Code: A61 - Arts

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