Rolls-Royce Foundation FY2023 filing

Tax-deductible

Mechanicsburg, PA501(c)(3)Arts & CultureEIN 23-2904195Revenue $249K in FY2023

On file with the IRSrollsroycefoundation.org189 Hempt Rd, 17050-2605 · Mechanicsburg, PATax-exempt since Mar 1998Publicly supported — 509(a)(2)

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Dedicated to the heritage of Rolls-Royce and bentley motorcars through education, community engagement, world-wide research, and preservation of historically significant acquisitions for public display

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average deficit $49K a year · 41% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249K
+94% vs prior year
Spent
$183K
To programs
73%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$249K
FY2023▲ +94%
Tap a bar for its year
Revenue by fiscal year
FY2020$210K
FY2021−$51K
FY2022$129K
FY2023$249K
FY2024$56K
Expenses
$183K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$142K
FY2021$160K
FY2022$176K
FY2023$183K
FY2024$176K
Net assets
$2.2M
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$2.5M
FY2022$2.1M
FY2023$2.2M
FY2024$2.1M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Mar 1998.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $134K Management & general 15% · $27K Fundraising 12% · $22K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chairma
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Rolls-Royce 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and educates about Rolls-Royce and Bentley motorcar heritage through research and public display.

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Provided by the organization

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3 programs · $132K · in their own filed words · FY2023
01

Foundation committed to maintaining a museum to display collection for rolls-royce and bentley motor cars.

$114Kprogram expense
02

Autos and auto parts donated to foundation are refurbished for collection and sometimes resale.

$13Kprogram expense
03

Scholarship grants

$5Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$249K
Ln 12
Gifts and grantsLn 1h$178K
Other incomeLn 4–11$61K
Fees for servicesLn 2g$11K
Money outPt IX
$183K
Ln 25
Programscol B$134K
Managementcol C$27K
Fundraisingcol D$22K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$82K
Total assetsLn 16$2.2M
LiabilitiesLn 26$7K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Noncash giftsLn 1g$120K
Fees for servicesLn 2g$11K
Investment incomeLn 3$94
Other incomeLn 4–11$61K
Gains on assetsLn 7−$3K
Total revenueLn 12$249K
Assets in detailPt X, end of year
CashLn 1$82K
Cash and savings togetherLn 1–2$82K
Land, buildings, equipmentLn 10c$312K
Other assetsLn 15$1.8M
Total assetsLn 16$2.2M
LiabilitiesLn 26$7K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$123K$82K
Land, buildings, equipmentLn 10c$328K$312K
Total assetsLn 16$2.1M$2.2M
LiabilitiesLn 26$43K$7K
Net assetsLn 32$2.1M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Management feesLn 11a$66K$33K$20K$13K
Legal feesLn 11b$6K$4K$554$830
Advertising and promotionLn 12$3K$2K$301$451
Office expensesLn 13$15K$13K$818$1K
Information technologyLn 14$3K$3K$347$520
OccupancyLn 16$30K$26K$2K$2K
TravelLn 17$2K$1K$191$287
Conferences, conventions and meetingsLn 19$511$511
Depreciation, depletion and amortizationLn 22$16K$12K$2K$2K
InsuranceLn 23$17K$16K$1K
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$2K$842$134$998
Total functional expensesLn 25$183K$134K$27K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $56K$176K−$121K$2.1M 990 PDF
FY2023 Viewing $249K$183K$66K$2.2M 990 PDF
FY2022 $129K$176K−$48K$2.1M 990 PDF
FY2021 −$51K$160K−$211K$2.5M 990 PDF
FY2020 $210K$142K$69K$3.2M 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 FY2023 990 (6 parts)
Part I · Summary $249,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,003$177,980
I-9 Program service revenuePrior year $3,195$10,523
I-10 Investment incomePrior year $13,580−$2,505
I-11 Other revenuePrior year $21,872$63,194
I-12 Total revenuePrior year $128,650$249,192
I-13 Grants and similar amounts paidPrior year $5,001$5,004
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $171,456$177,737
I-18 Total expensesPrior year $176,457$182,741
I-19 Revenue less expensesPrior year −$47,807$66,451
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $249,192 across 9 lines filed
Lines not itemized here account for $13,534 of total revenue; see the IRS return.
VIII-1b Membership dues$34,580
VIII-1f All other contributions, gifts and grants$143,400
VIII-1g Noncash contributions (included above)$120,000
VIII-1h Total contributions, gifts and grants$177,980
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,523$10,523
VIII-3 Investment incomeExcluded from tax $94$94
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,599−$2,599
VIII-8 Net income from fundraising eventsExcluded from tax $49,660$49,660
VIII-12 Total revenueRelated to mission $10,523 · Excluded from tax $60,689$249,192
Part IX · Statement of functional expenses $182,741 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $5,004$5,004
IX-11a Management feesPrograms $33,000 · Management $19,800 · Fundraising $13,200$66,000
IX-11b Legal feesPrograms $4,151 · Management $554 · Fundraising $830$5,535
IX-12 Advertising and promotionPrograms $2,254 · Management $301 · Fundraising $451$3,006
IX-13 Office expensesPrograms $12,779 · Management $818 · Fundraising $1,228$14,825
IX-14 Information technologyPrograms $2,602 · Management $347 · Fundraising $520$3,469
IX-16 OccupancyPrograms $25,551 · Management $1,648 · Fundraising $2,471$29,670
IX-17 TravelPrograms $1,435 · Management $191 · Fundraising $287$1,913
IX-19 Conferences, conventions and meetingsPrograms $511$511
IX-22 Depreciation, depletion and amortizationPrograms $11,894 · Management $1,586 · Fundraising $2,379$15,859
IX-23 InsurancePrograms $15,775 · Management $1,266$17,041
IX-24 Other expenses (24a–d)Programs $17,934$17,934
IX-24e All other expensesPrograms $842 · Management $134 · Fundraising $998$1,974
IX-25 Total functional expensesPrograms $133,732 · Management $26,645 · Fundraising $22,364$182,741
Part X · Balance sheet $2,179,995 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $122,818$81,576
X-8 Inventories for sale or useStart of year $43,329$9,784
X-9 Prepaid expenses and deferred chargesStart of year $7,638$5,922
X-10c Land, buildings and equipment, netStart of year $327,992$312,136
X-15 Other assetsStart of year $1,647,807$1,770,577
X-16 Total assetsStart of year $2,149,584$2,179,995
X-17 Accounts payable and accrued expensesStart of year $11,920$7,288
X-26 Total liabilitiesStart of year $43,328$7,288
X-27 Net assets without donor restrictionsStart of year $2,106,256$2,172,707
X-32 Total net assets or fund balancesStart of year $2,106,256$2,172,707
X-33 Total liabilities and net assetsStart of year $2,149,584$2,179,995
Part XI · Reconciliation of net assets $2,172,707 net assets at year end
XI-1 Total revenue$249,192
XI-2 Total expenses$182,741
XI-3 Revenue less expenses$66,451
XI-4 Net assets at start of year$2,106,256
XI-10 Net assets at end of year$2,172,707

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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