Rose Hill Foundation FY2021 filing

Tax-deductible

Birmingham, MI501(c)(3)Foundations & GrantmakersEIN 20-0081638

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The mission of the Foundation is to raise and manage funds exclusively for and provide financial grants to Rose Hill center, INC. In support of its mission to provide a variety of comprehensive treatment programs for adults with mental illness.

501(c)(3) charity; gifts are tax-deductible.
20¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $623K a year · 46% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $236K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+67% vs prior year
Spent
$324K
To programs
20%
Net assets
$20.3M
By yearFY2020–FY2024
Revenue
$2.6M
FY2021▲ +67%
Revenue by fiscal year
FY2020$1.5M
FY2021$2.6M
FY2022$952K
FY2023$1.7M
FY2024$78K
Expenses
$324K
FY2021▼ -32%
Expenses by fiscal year
FY2020$478K
FY2021$324K
FY2022$792K
FY2023$1.2M
FY2024$869K
Net assets
$20.3M
FY2021▲ +22%
Net assets by fiscal year
FY2020$16.6M
FY2021$20.3M
FY2022$18.6M
FY2023$20.6M
FY2024$22.7M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $65K Management & general 28% · $90K Fundraising 52% · $169K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman - Part Year
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director - Part Year
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rose Hill Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises and manages funds to provide grants for mental illness treatment programs.

Provided by the organization

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2 program services account for $65K of program spending, described in the organization's own filed words · FY2021.
01

Financial Support

The primary focus of the foundation's financial support is to enable rose hill center to provide financial assistance grants to those who would otherwise be unable to participate in the center's highly effective therapeutic program for adults with mental illness. Significant achievement: contributed $60,000 to rose hill center.

$60Kprogram expense
02

Rose hill foundation was established for the sole purpose of raising funds for and providing support to rose hill center inc. In addition, its board of directors is responsible for the management of its investments. Significant achievements: 1) conducted a successful annual fund campaign; 2) hosted a golf outing that raised $124,532

$5Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 5 grants · $2.3M · 2020–2024
Rose Hill Center INCMI · FY2024$500,000
Rose Hill Center INCMI · FY2023$1,050,000
Rose Hill Center INCMI · FY2022$500,000
Rose Hill Center INCMI · FY2021$60,000
Rose Hill Center INCMI · FY2020$200,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$967K
Money outPt IX
$324K
Ln 25
Programscol B$65K
Managementcol C$90K
Fundraisingcol D$169K
Owns and owesPt X
$20.3M
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$20.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Noncash giftsLn 1g$273K
Fundraising eventsLn 1c$139K
Investment incomeLn 3$967K
Gains on assetsLn 7$618K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
InvestmentsLn 11–13$20.1M
Total assetsLn 16$20.3M
LiabilitiesLn 26$0
Net assetsLn 32$20.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$546K$154K
InvestmentsLn 11–13$16.1M$20.1M
Total assetsLn 16$16.6M$20.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$16.6M$20.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Accounting feesLn 11c$10K$2K$8K
Investment management feesLn 11f$58K$58K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$193K$24K$169K
Total functional expensesLn 25$324K$65K$90K$169K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $78K$869K−$791K$22.7M 990 PDF
FY2023 $1.7M$1.2M$450K$20.6M 990 PDF
FY2022 $952K$792K$160K$18.6M 990 PDF
FY2021 Viewing $2.6M$324K$2.2M$20.3M 990 PDF
FY2020 $1.5M$478K$1.1M$16.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,563,418 across 8 lines filed
VIII-1c Fundraising events$138,734
VIII-1f All other contributions, gifts and grants$1,471,402
VIII-1g Noncash contributions (included above)$273,048
VIII-1h Total contributions, gifts and grants$1,610,136
VIII-3 Investment incomeExcluded from tax $349,145$349,145
VIII-7 Net gain or loss on sales of assetsExcluded from tax $618,339$618,339
VIII-8 Net income from fundraising eventsExcluded from tax −$14,202−$14,202
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $953,282$2,563,418
Part IX · Statement of functional expenses $324,166 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $60,000$60,000
IX-11c Accounting feesPrograms $2,500 · Management $7,500$10,000
IX-11f Investment management feesManagement $58,485$58,485
IX-23 InsurancePrograms $2,770$2,770
IX-24 Other expenses (24a–d)Management $24,306 · Fundraising $168,605$192,911
IX-25 Total functional expensesPrograms $65,270 · Management $90,291 · Fundraising $168,605$324,166
Part X · Balance sheet $20,345,496 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $546,305$154,213
X-4 Accounts receivableStart of year $5,100$105,347
X-12 Other securitiesStart of year $16,094,582$20,085,936
X-16 Total assetsStart of year $16,645,987$20,345,496
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $16,579,287$20,268,246
X-28 Net assets with donor restrictionsStart of year $66,700$77,250
X-32 Total net assets or fund balancesStart of year $16,645,987$20,345,496
X-33 Total liabilities and net assetsStart of year $16,645,987$20,345,496
Part XI · Reconciliation of net assets $20,345,496 net assets at year end
XI-1 Total revenue$2,563,418
XI-2 Total expenses$324,166
XI-3 Revenue less expenses$2,239,252
XI-4 Net assets at start of year$16,645,987
XI-5 Net unrealized gains (losses) on investments$1,460,257
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,345,496

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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