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Nonprofiteer
← ROCKLEY FAMILY FOUNDATION INC

Form 990 for tax year 2024

Filed by ROCKLEY FAMILY FOUNDATION INC.

Totals

Total revenue
$8,183,852
Total expenses
$8,150,286
Contributions and grants received
$6,812,490
Grants paid
$2,514,749
Program service revenue
$0
Investment income
$32,723
Other revenue
$1,338,639
Total assets, end of year
$753,942
Total liabilities, end of year
$726,174
Net assets or fund balances, end of year
$27,768
Program services expenses (Part IX)
$7,534,611
Management and general expenses
$603,273
Fundraising expenses
$12,402
Program service expenses (Part III)
$7,534,611

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,812,490

  • 3 · Investment income

    total $32,723 · unrelated business $0 · excluded $32,723

  • 10a · Gross sales of inventory

    $8,952,498

  • 10b · Cost of goods sold

    $7,613,859

  • 10c · Net income from sales of inventory

    total $1,338,639 · related or exempt $1,338,639

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,514,749 · program services $2,514,749

  • 5 · Compensation of officers, directors and key employees

    total $1,291,698 · program services $864,981 · management and general $426,717 · fundraising $0

  • 7 · Other salaries and wages

    total $156,146 · program services $123,484 · management and general $32,662 · fundraising $0

  • 8 · Pension plan contributions

    total $24,759 · program services $9,250 · management and general $15,509 · fundraising $0

  • 9 · Other employee benefits

    total $16,836 · program services $10,778 · management and general $6,058 · fundraising $0

  • 10 · Payroll taxes

    total $43,178 · program services $23,735 · management and general $19,443 · fundraising $0

  • 11c · Fees: accounting

    total $42,844 · program services $1,000 · management and general $41,844 · fundraising $0

  • 11g · Fees: other

    total $333,697 · program services $333,697 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $2,632,947 · program services $2,620,947 · management and general $0 · fundraising $12,000

  • 13 · Office expenses

    total $19,856 · program services $1,911 · management and general $17,945 · fundraising $0

  • 16 · Occupancy

    total $60,795 · program services $60,795 · management and general $0 · fundraising $0

  • 17 · Travel

    total $451,025 · program services $451,025 · management and general $0 · fundraising $0

  • 20 · Interest

    total $6,933 · program services $0 · management and general $6,933 · fundraising $0

  • 23 · Insurance

    total $4,922 · program services $0 · management and general $4,922 · fundraising $0

  • 24a · Other expenses: Bank and credit card

    total $405,887 · program services $405,423 · management and general $464 · fundraising $0

  • 24b · Other expenses: Licenses/Website

    total $52,408 · program services $21,230 · management and general $30,776 · fundraising $402

  • 24c · Other expenses: Bad Debt/Overshort

    total $76,842 · program services $76,842 · management and general $0 · fundraising $0

  • 24d · Other expenses: Event Fees

    total $8,588 · program services $8,588 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $6,176 · program services $6,176 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,947 · end of year $43,836

  • 2 · Savings and temporary cash investments

    beginning of year $176,573 · end of year $750

  • 4 · Accounts receivable

    beginning of year $66,292 · end of year $69,297

  • 5 · Loans and receivables from officers and key people

    beginning of year $264,432 · end of year $576,350

  • 6 · Loans and receivables from disqualified persons

    beginning of year $310,953 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $6,200 · end of year $2,500

  • 9 · Prepaid expenses and deferred charges

    end of year $61,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $829,693 · end of year $639,980

  • 23 · Secured mortgages and notes payable

    beginning of year $97,502 · end of year $86,194

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$5,798 · end of year $27,768

Mission and programs · 2024

Mission

To promote music education. This is accomplished by raising money for music scholarships, donation of musical instruments to the under privileged and donation of the use of musical instruments to the music educational community.

Activities or mission (Part I)

To promote music education. This is accomplished by raising money for music scholarships, donation of musical instruments to the under privileged and donation of the use

  • We provide both the use or outright donation of musical instruments to various music programs across the country. These donated instruments may be used by faculty and students for performance, practice, methods or to support outreach into the community.

    Expenses $7,096,315 · Grants $2,076,453

  • We receive donations of musical instruments by generous individuals who are no longer using them. Many of these instruments are refurbished and provided at no cost to individuals who would not otherwise have the resources to purchase.

    Expenses $4,691 · Grants $4,691

  • We do not award scholarships directly to the general public. Instead, we provide resources to many of our institutional partners who in turn select and award music scholarships at their discretion. As a result of the contribution from the Foundation, students at our partner universities are given the opportunity to continue their musical education.

    Expenses $433,605 · Grants $433,605

As filed on the 2024 return.

Listed in Part VII

  • Tobin Rockley

    President

    Total calculated
    $586,205
    From this org
    $554,227
    From related orgs
    $0
    Other
    $31,978
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $554,227
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $14,729
    Filer's total
    $586,206

  • Liane Pieffer Rockley

    Secretary/Treasurer

    Total calculated
    $18,250
    From this org
    $18,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Nina Rockley

    Director

    Total calculated
    $0
    Hours/week
    0

  • Damien Rockley

    Vice President of Operations

    Total calculated
    $90,407
    From this org
    $88,110
    From related orgs
    $0
    Other
    $2,297
    Hours/week
    40

  • Aslan Rockley

    Vice President of Technical Services

    Total calculated
    $107,826
    From this org
    $107,826
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Rebecca Moritzky

    Member at Large

    Total calculated
    $46,728
    From this org
    $41,792
    From related orgs
    $0
    Other
    $4,936
    Hours/week
    26

  • Phyllis Pieffer

    Member at Large

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Myka Raymond

    Member at Large

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 6a
Tobin Rockley is paid as an event manager, earning up to 2% of gross for successful fund raisers.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543189349311144

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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