Nonprofit · EIN 20-5397606
ROCK AND SOUL FOREVER FOUNDATION
Tax-exempt (reinstated) · NEW YORK, NY 10011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,995,864 | $2,817,835 | $178,029 | $1,636,109 | $136,267 | $1,499,842 |
| December 31, 2023 | 990 | $1,326,016 | $2,433,538 | -$1,107,522 | $1,513,579 | $191,766 | $1,321,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,100,188
- of which government grants
- $120,800
- Program service revenue
- $31,401
- Investment income
- $8,178
- Net income from fundraising events
- $856,097
- Other revenue
- $856,097
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $308,679
- Salaries, compensation and benefits (total)
- $1,847,162
- Professional fundraising fees
- $0
- Occupancy
- $69,743
- Travel
- $60,538
- Depreciation
- $1,238
- Program services (functional)
- $1,783,976
- Management and general (functional)
- $499,312
- Fundraising (functional)
- $534,547
Balance sheet and other
- Total assets, start of year
- $1,513,579
- Total assets, end of year
- $1,636,109
- Total liabilities, end of year
- $136,267
- Net assets, end of year
- $1,499,842
- Land, buildings and equipment
- $1,856
- Net assets without donor restrictions
- $339,537
- Net assets with donor restrictions
- $1,160,305
- Gross receipts
- $3,411,686
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM C CARBONE | EXECUTIVE DIRECTOR Officer | 30 | $178,592 |
| ROLANDO M ALVARADO | DIRECTOR OF FINANCE Officer | 40 | $130,087 |
| SUSIE BUFFETT | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN KEYES | BOARD MEMBER Trustee or director | 1 | $0 |
| DR JOELY PROUDFIT | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ROTH | BOARD MEMBER Trustee or director | 1 | $0 |
| VAGN SORENSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MAUREEN VAN ZANDT | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDY ALOUETE | BOARD MEMBER Trustee or director | 1 | $0 |
| JON HARRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| AMIT PATEL | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVEN VAN ZANDT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM C CARBONE | EXECUTIVE DIRECTOR Officer | 30 | $228,419 |
| ROLANDO M ALVARADO | DIRECTOR OF FINANCE Officer | 40 | $108,095 |
| SUSIE BUFFETT | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN KEYES | BOARD MEMBER Trustee or director | 1 | $0 |
| DR JOELY PROUDFIT | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ROTH | BOARD MEMBER Trustee or director | 1 | $0 |
| VAGN SORENSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MAUREEN VAN ZANDT | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 434 AVE OF THE AMERICAS 6TH FLOOR, NEW YORK, NY 10011-8411
- Principal officer (990 for 2024)
- WILLIAM C CARBONE III, 434 AVE OF THE AMERICAS 6TH FLOOR, NEW YORK, NY 10011
- Signed the 990
- WILLIAM C CARBONE III, PRESIDENT
- Phone
- (212) 868-9000
- Website
- TEACHROCK.ORG
- Return prepared by
- KOSENKO & ASSOCIATES CPA'S PLLC
Mission
FOUNDATION DEVELOPED A NATIONAL K-12 CURRICULUM INITIATIVE CALLED "TEACHROCK". IT WAS CREATED TO ADDRESS THE CHALLENGES OF AN ENVIRONMENT IN WHICH SCHOOLS FACE CUTS TO ARTS FUNDING. TEACHROCK INCLUDES INTERDISCIPLINARY, ARTS-DRIVEN MATERIALS DESIGNED TO KEEP STUDENTS ENGAGED AND IN SCHOOL AT NO COST TO EDUCATORS.
Program accomplishments
- FOUNDATION DEVELOPED A NATIONAL K-12 CURRICULUM INITIATIVE CALLED "TEACHROCK". IT WAS CREATED TO ADDRESS THE CHALLENGES OF AN ENVIRONMENT IN WHICH SCHOOLS FACE CUTS TO ARTS FUNDING. TEACHROCK INCLUDES INTERDISCIPLINARY, ARTS-DRIVEN MATERIALS DESIGNED TO KEEP STUDENTS ENGAGED AND IN SCHOOL AT NO COST TO EDUCATORS.Expenses $1,783,976 · revenue $2,866,886
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5397606
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $1,636,109
- Income (IRS master file)
- $3,411,686
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective September 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,995,864 | $2,817,835 | $1,636,109 | IRS |
| 990 | December 2023 | $1,326,016 | $2,433,538 | $1,513,579 | XML |
| 990 | December 2022 | $2,673,115 | $1,887,440 | $3,145,679 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5397606).
Questions about ROCK AND SOUL FOREVER FOUNDATION
- What is the EIN of ROCK AND SOUL FOREVER FOUNDATION?
- The employer identification number (EIN) of ROCK AND SOUL FOREVER FOUNDATION is 20-5397606.
- Is ROCK AND SOUL FOREVER FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective September 15, 2011.
- Are donations to ROCK AND SOUL FOREVER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCK AND SOUL FOREVER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROCK AND SOUL FOREVER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCK AND SOUL FOREVER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ROCK AND SOUL FOREVER FOUNDATION?
- The 990 for the year ended December 31, 2024 names WILLIAM C CARBONE III.
- Who are the officers and directors of ROCK AND SOUL FOREVER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $178,592 (WILLIAM C CARBONE, EXECUTIVE DIRECTOR).
- How much revenue does ROCK AND SOUL FOREVER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,995,864, expenses of $2,817,835 and total assets of $1,636,109 at year end.
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