Milestone Rocvale Foundation FY2024 filing

Tax-deductible

Loves Park, IL501(c)(3)Health CareEIN 36-3223946

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Serve the developmentally disabled.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $99K a year · 23% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$454K
-8% vs prior year
Spent
$523K
To programs
83%
Net assets
$16.5M
By yearFY2020–FY2025
Revenue
$454K
FY2024▼ -8%
Revenue by fiscal year
FY2020$460K
FY2021$294K
FY2022$392K
FY2023$491K
FY2024$454K
FY2025$488K
Expenses
$523K
FY2024▼ -14%
Expenses by fiscal year
FY2020$971K
FY2021$276K
FY2022$290K
FY2023$611K
FY2024$523K
FY2025$503K
Net assets
$16.5M
FY2024▲ +10%
Net assets by fiscal year
FY2020$12.6M
FY2021$16.2M
FY2022$14.0M
FY2023$15.0M
FY2024$16.5M
FY2025$17.9M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1983.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $436K Management & general 17% · $87K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer an
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

James Hamilton’s $185K as President/Ce is at the 97th percentile of top reported officer pay among 1980 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Milestone Rocvale 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

Supports individuals with developmental disabilities.

Provided by the organization

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1 program · $436K · in their own filed words · FY2023
01

Support the care facilities for developmnetally disabled individuals.

$436Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $2.6M · 2019–2024
Milestone INCFY2024$365,293
Milestone INCFY2023$435,742
Milestone INCFY2022$521,689
Milestone INCFY2021$194,487
Milestone INCFY2020$184,617
Milestone INCFY2019$565,371
Milestone INCFY2019$293,332

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$454K
Ln 12
Investment incomeLn 3$429K
Gifts and grantsLn 1h$25K
Other incomeLn 4–11$50
Money outPt IX
$523K
Ln 25
Programscol B$436K
Managementcol C$87K
Owns and owesPt X
$16.5M
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$16.5M
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Investment incomeLn 3$429K
Other incomeLn 4–11$50
Total revenueLn 12$454K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$29K
Cash and savings togetherLn 1–2$60K
InvestmentsLn 11–13$9.7M
Other assetsLn 15$6.8M
Total assetsLn 16$16.5M
LiabilitiesLn 26$5K
Net assetsLn 32$16.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 68
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$59K$60K
InvestmentsLn 11–13$8.8M$9.7M
Total assetsLn 16$15.0M$16.5M
LiabilitiesLn 26$5K$5K
Net assetsLn 32$15.0M$16.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$436K$436K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$67K$67K
Office expensesLn 13$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$35$35
Total functional expensesLn 25$523K$436K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $488K$503K−$14K$17.9M 990 PDF
FY2024 Viewing $454K$523K−$69K$16.5M 990 PDF
FY2023 $491K$611K−$120K$15.0M 990 PDF
FY2022 $392K$290K$102K$14.0M 990 PDF
FY2021 $294K$276K$17K$16.2M 990 PDF
FY2020 $460K$971K−$510K$12.6M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $453,673 across 5 lines filed
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-3 Investment incomeExcluded from tax $428,623$428,623
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $50$50
VIII-12 Total revenueRelated to mission $50 · Excluded from tax $428,623$453,673
Part IX · Statement of functional expenses $522,669 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $435,942$435,942
IX-11c Accounting feesManagement $12,645$12,645
IX-11f Investment management feesManagement $67,072$67,072
IX-13 Office expensesManagement $5,059$5,059
IX-23 InsuranceManagement $1,916$1,916
IX-24 Other expenses (24a–d)Management $35$35
IX-25 Total functional expensesPrograms $435,942 · Management $86,727 · Fundraising $0$522,669
Part X · Balance sheet $16,521,955 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $19,418$30,808
X-2 Savings and temporary cash investmentsStart of year $39,774$29,420
X-9 Prepaid expenses and deferred charges$576
X-11 Publicly traded securitiesStart of year $8,756,611$9,691,781
X-15 Other assetsStart of year $6,164,467$6,769,370
X-16 Total assetsStart of year $14,980,270$16,521,955
X-26 Total liabilitiesStart of year $5,180$5,193
X-27 Net assets without donor restrictionsStart of year $10,662,549$11,734,003
X-28 Net assets with donor restrictionsStart of year $4,312,541$4,782,759
X-32 Total net assets or fund balancesStart of year $14,975,090$16,516,762
X-33 Total liabilities and net assetsStart of year $14,980,270$16,521,955
Part XI · Reconciliation of net assets $16,516,762 net assets at year end
XI-1 Total revenue$453,673
XI-2 Total expenses$522,669
XI-3 Revenue less expenses−$68,996
XI-4 Net assets at start of year$14,975,090
XI-5 Net unrealized gains (losses) on investments$1,610,668
XI-10 Net assets at end of year$16,516,762

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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