Rockland Trust Charitable Foundation
Rockland Trust Charitable Foundation maintains strong asset growth and zero reported officer compensation.
EIN: 202668833 · Rockland, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.3M |
| Total Expenses | $3.1M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $49.5M |
| Transparency Score | 92/100 |
Is Rockland Trust Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rockland Trust Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rockland Trust Charitable Foundation
Rockland Trust Charitable Foundation (EIN: 202668833) is a nonprofit organization based in Rockland, MA, classified under NTEE code T22. The organization reported total revenue of $16.3M and total assets of $51.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockland Trust Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rockland Trust Charitable Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-1,193,731 |
| Total Assets | $50.3M |
| Total Liabilities | $750K |
| Net Assets | $49.5M |
| Operating Margin | -63.5% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 196.3 months |
Financial Health Grade: B
In 2023, Rockland Trust Charitable Foundation reported a deficit of $1.2M with expenses exceeding revenue, holds 196.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rockland Trust Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.1% | +163.1% | +6.0% |
| 2022 | -36.8% | +17.9% | +154.8% |
| 2021 | +149.5% | -14.5% | +6.5% |
| 2020 | -21.2% | +5.3% | +2.9% |
| 2019 | -86.0% | -25.8% | +138.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rockland Trust Charitable Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Rockland Trust Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the foundation, which is highly favorable for a charitable organization of its size with assets exceeding $50 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Rockland Trust Charitable Foundation:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Significant and consistent asset growth, from $4.9M in 2011 to over $50M in 2023.
- Strong program focus, as implied by the NTEE code and lack of executive compensation.
- Low liabilities relative to assets, indicating financial stability (e.g., $749,685 liabilities vs. $50,266,676 assets in 2023).
Frequently Asked Questions about Rockland Trust Charitable Foundation
Is Rockland Trust Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rockland Trust Charitable Foundation (EIN: 202668833) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Rockland Trust Charitable Foundation spend its money?
Rockland Trust Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rockland Trust Charitable Foundation tax-deductible?
Rockland Trust Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202668833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rockland Trust Charitable Foundation CEO make?
Rockland Trust Charitable Foundation's highest-compensated officer earns $50 annually. The organization reported $16.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rockland Trust Charitable Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Rockland Trust Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rockland Trust Charitable Foundation located?
Rockland Trust Charitable Foundation is headquartered in Rockland, Massachusetts and files with the IRS under EIN 202668833. It is classified under NTEE code T22.
How many years of IRS 990 filings does Rockland Trust Charitable Foundation have?
Rockland Trust Charitable Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.3M in total revenue.
How does the foundation manage its significant asset growth?
The foundation's assets have grown from $4,999,842 in 2011 to $50,266,676 in 2023, suggesting effective investment strategies or substantial contributions, though specific investment details are not provided in this summary.
What is the primary source of the foundation's revenue?
While specific revenue sources are not detailed in the provided data, as a private grantmaking foundation (NTEE T22), its revenue likely comes from investment income, contributions from its associated bank, or other philanthropic sources.
Why were expenses higher than revenue in some periods, such as 2023?
In 2023, expenses ($3,072,369) exceeded revenue ($1,878,638). This could be due to strategic grantmaking from accumulated assets or investment losses, which is not uncommon for foundations that draw from their endowments.
Filing History
IRS 990 filing history for Rockland Trust Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rockland Trust Charitable Foundation's revenue has grown by 1237.4%, moving from $140K to $1.9M. Total assets increased by 905.4% over the same period, from $5.0M to $50.3M. Total functional expenses rose by 1664.8%, from $174K to $3.1M. In its most recent filing year (2023), Rockland Trust Charitable Foundation reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $750K in liabilities against $50.3M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $49.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $3.1M | $50.3M | $750K | — | View 990 |
| 2022 | $1.3M | $1.2M | $47.4M | $347K | — | View 990 |
| 2021 | $2.0M | $991K | $18.6M | $263K | — | — |
| 2020 | $799K | $1.2M | $17.5M | $264K | — | View 990 |
| 2019 | $1.0M | $1.1M | $17.0M | $300K | — | — |
| 2015 | $7.2M | $1.5M | $7.1M | $31K | — | View 990 |
| 2014 | $138K | $402K | $7.1M | $575 | — | View 990 |
| 2013 | $182K | $312K | $6.8M | $575 | — | View 990 |
| 2012 | $191K | $281K | $5.2M | $575 | — | View 990 |
| 2011 | $140K | $174K | $5.0M | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $3.1M, and assets of $50.3M (revenue +49.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $47.4M (revenue -36.8% year-over-year).
- 2021: Revenue of $2.0M, expenses of $991K, and assets of $18.6M (revenue +149.5% year-over-year).
- 2020: Revenue of $799K, expenses of $1.2M, and assets of $17.5M (revenue -21.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $17.0M (revenue -86.0% year-over-year).
- 2015: Revenue of $7.2M, expenses of $1.5M, and assets of $7.1M (revenue +5131.5% year-over-year).
- 2014: Revenue of $138K, expenses of $402K, and assets of $7.1M (revenue -24.1% year-over-year).
- 2013: Revenue of $182K, expenses of $312K, and assets of $6.8M (revenue -4.6% year-over-year).
- 2012: Revenue of $191K, expenses of $281K, and assets of $5.2M (revenue +36.1% year-over-year).
- 2011: Revenue of $140K, expenses of $174K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rockland Trust Charitable Foundation:
Data Sources and Methodology
This transparency report for Rockland Trust Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.