Overview
What is Rockfield Foundation Inc?
Rockfield Foundation Inc, situated in Bel Air, Maryland, serves as a community development corporation. Their primary objective is to foster community enrichment. As a community-focused organization, they aim to uplift and improve the local area through their mission. The exact activities and initiatives undertaken by Rockfield Foundation Inc to achieve this community enrichment are not specified in the provided information, but their mission statement suggests a broad scope of community development projects and programs.
Official website here: www.rockfieldmanor.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
The Rockfield Foundation Inc has received a rating of "Needs Improvement" with an overall score of 73%. This rating reflects a strong performance in several areas, particularly in governance and financial practices, with a 100% independent board and a favorable liabilities to assets ratio of 0.11%. Additionally, the organization has demonstrated a high program expense ratio of 91.34%, indicating that a significant portion of its funds is directed towards its mission-related activities.
However, several critical governance documents are missing, including a whistleblower policy and a document retention policy, which are important for transparency and accountability. Furthermore, the absence of financial statements and the nonprofit's tax form on its website have negatively impacted its overall score in the accountability and finance category. These limitations suggest that while the organization is effectively managing its resources, it needs to enhance its governance practices to improve its rating.
Overall, while Rockfield Foundation Inc has commendable strengths in its financial management and board independence, addressing the gaps in essential policies and public financial disclosures would be beneficial in enhancing trust and support from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Rockfield Foundation Inc legitimate?
Rockfield Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockfield 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,201
For more financial information, click here
Official website here: www.rockfieldmanor.com
What is the mission statement of Rockfield Foundation Inc?
The Rockfield Foundation, serving as a community development corporation, is dedicated to the mission of fostering community enrichment. This mission is aimed at improving and bettering the lives of individuals within the community by implementing various programs and initiatives. The organization's primary goal is to promote a thriving and vibrant community, where everyone can benefit and contribute positively. The Rockfield Foundation does not specifically disclose the specific activities or strategies it uses to achieve its mission, but it is clear that they are committed to enhancing the well-being of their community.
Official website here: www.rockfieldmanor.com
Who is the CEO of Rockfield Foundation Inc?
Kellee Kalthof is the Executive Di of Rockfield Foundation Inc.
Official website here: www.rockfieldmanor.com
What is the revenue of Rockfield Foundation Inc?
Rockfield Foundation Inc's revenue in 2022 was $531,764.
Official website here: www.rockfieldmanor.com
Who are the executives of Rockfield Foundation Inc and what are their salaries?
The average compensation at Rockfield Foundation Inc during 2022 was $40,100. There are 2 employees and 30 volunteers at Rockfield Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.rockfieldmanor.com
Where can I find the form 990 for Rockfield Foundation Inc?
Rockfield Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockfieldmanor.com
Learn more at the official website: www.rockfieldmanor.com
Mission Statement of Rockfield Foundation Inc
Rockfield Foundation, a community development corporation, is dedicated to the enrichment of communities. Their mission, in simple terms, is to contribute positively to the well-being and development of the communities they serve. By focusing on community enrichment, Rockfield Foundation aims to foster growth and improvement in various aspects of community life, ensuring a better quality of life for its inhabitants.
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Impact
July, 2024
Rockfield Foundation Inc's impact is primarily focused on community enrichment in Bel Air, MD. Through its activities and programs, the organization works towards improving the overall well-being and quality of life for residents in the community. Their initiatives aim to address various issues and challenges faced by the community, ultimately leading to positive changes and enhancements in the local area. By fostering a sense of unity and collaboration, Rockfield Foundation Inc plays a vital role in promoting community improvement and advancing the common good.
This information is meant to be a general summary of Rockfield 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,372
- Program Service Revenue: $501,392
- Gross Receipts: $531,764
Assets and Liabilities:
- Total Assets: $677,194
- Total Liabilities: $15,456
- Net Assets: $661,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REV.-EVENTS
Revenue
$501,392
Organization Details
Founding Year
1996
Phone
(410) 893-2083Principal Officer
Kellee Kalthof
Main Address
501 E CHURCHVILLE RD, BEL AIR, MD, 21014
Website
www.rockfieldmanor.comNTEE Category
Code: S20 - Community improvement
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