Stephen C Rose Legacy Foundation

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The steve fund is the nation's leading organization focused on supporting the mental health and emotional well-being of young people of color. The steve fund works with colleges and universities, non-profits, researchers, mental health experts, families, and young people to promote programs and strategies that build understanding and assistance for the mental and emotional health of the nation's young people of color. The fund holds an annual conference series, young, gifted & @risk, and offers a knowledge center with curated expert information. With multicultural mental health experts, IT delivers on-campus and on-site programs and services for colleges and non-profits, and through tech partnerships IT provides direct services to young people of color.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 15 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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 $2.1M a year · 36% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$344K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $12.0M in investments, Pt X · Ln 11–13
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $2.0M
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 13 voting members
Looks good: 7 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
-33% vs prior year
Spent
$4.5M
To programs
78%
Net assets
$11.2M
By yearFY2020–FY2024
Revenue
$5.6M
FY2024▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$4.2M
FY2022$10.3M
FY2023$8.3M
FY2024$5.6M
Expenses
$4.5M
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$2.9M
FY2022$5.3M
FY2023$5.0M
FY2024$4.5M
Net assets
$11.2M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$159K
FY2021$1.5M
FY2022$6.6M
FY2023$10.1M
FY2024$11.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $3.5M Management & general 19% · $873K Fundraising 3% · $116K

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

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990; $344K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director Thru 8/9/24
$197,372Pt VII · Sec A
$146,273Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co Chair
$0Pt VII · Sec A

David McGhee’s $197K as Executive Director Thru 8/9/24 is at the 89th percentile of top reported officer pay among 3869 $1–10M human services 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.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tia Dole——$214,986——
David McGhee$197,372$134,389———
Janet Wormack$146,273————
Anuja Khemka——$135,300—$86,275
Sandra Timmons————$111,998
Brittany Merrit———$32,995—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Stephen C Rose Legacy Foundation executive salaries →

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 15aYes

Programs and updates

Supports young people of color's mental health through programs, research, and resources.

Questions for Stephen C Rose Legacy Foundation

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3 programs · $3.5M · in their own filed words · FY2024
01

Transforming Environments

The steve fund transforms educational, organizational, and workplace environments so that they enhance the mental health and emotional wellbeing of all young PEOPLE.THROUGH this work, over 500k+ young people and mental health and educational professionals were reached through programs and workshops.

$2.0Mprogram expense
02

Providing resources and skillbuilding directly to young people and their families:the steve fund provides resources and skill building directly to underserved young people and their families to improve their mental health and emotional wellbeing so they can attain personal, academic, and career success and achieve their full…

$808Kprogram expense
03

Shaping the Field

We shape the field to drive improvements and broad delivery of high-quality supports for the mental health and emotional wellbeing of young people, especially underserved young PEOPLE.THOSE in a position to help young people (E.G., higher ed, nonprofit, and workplace leaders and staff, mental health providers, families, caregivers…

$702Kprogram 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
Ford FoundationFY2024$200K
Total grants receivedfrom 14 funders$2.0M
See all 14 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$472K
Fees for servicesLn 2g$360K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.5M
Managementcol C$873K
Fundraisingcol D$116K
Owns and owesPt X
$11.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$13.9M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Fees for servicesLn 2g$360K
Investment incomeLn 3$472K
Gains on assetsLn 7$122K
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$270K
Cash and savings togetherLn 1–2$1.6M
Pledges and grants receivableLn 3$187K
Prepaid expenses and deferred chargesLn 9$25K
Land, buildings, equipmentLn 10c$5K
InvestmentsLn 11–13$12.0M
Total assetsLn 16$13.9M
LiabilitiesLn 26$2.7M
Net assetsLn 32$11.2M
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
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 FY24End FY24
Cash and savingsLn 1–2$7.9M$1.6M
InvestmentsLn 11–13$5.2M$12.0M
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$13.8M$13.9M
LiabilitiesLn 26$3.7M$2.7M
Net assetsLn 32$10.1M$11.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$344K$268K$67K$9K
Other salaries and wagesLn 7$664K$509K$144K$11K
Pension plan contributionsLn 8$5K$2K$3K$48
Other employee benefitsLn 9$67K$29K$38K$665
Payroll taxesLn 10$93K$39K$52K$916
Legal feesLn 11b$103K$103K
Accounting feesLn 11c$210K$210K
Other fees for servicesLn 11g$2.6M$2.2M$224K$94K
Office expensesLn 13$9K$5K$5K
Information technologyLn 14$192K$191K$964
Travel and entertainment for public officialsLn 18$93K$89K$4K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$143K$123K$20K$0
All other expensesLn 24e$10K$7K$3K
Total functional expensesLn 25$4.5M$3.5M$873K$116K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 30, 2025 $5.6M$4.5M$1.1M$11.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 $8.3M$5.0M$3.3M$10.1M 990 PDF
FY2022Filed with the IRS Oct 26, 2023 $10.3M$5.3M$5.1M$6.6M 990 PDF
FY2021Filed with the IRS May 4, 2022 $4.2M$2.9M$1.4M$1.5M 990 PDF
FY2020Filed with the IRS Apr 26, 2021 $1.4M$1.6M−$133K$159K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,579,124 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,828,063$4,747,830
I-9 Program service revenuePrior year $397,142$359,550
I-10 Investment incomePrior year $113,212$471,744
I-11 Other revenuePrior year $2,859$0
I-12 Total revenuePrior year $8,341,276$5,579,124
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,224,120$1,172,620
I-16a Professional fundraising feesPrior year $21,600$0
I-17 Other expensesPrior year $3,772,096$3,327,971
I-18 Total expensesPrior year $5,017,816$4,500,591
I-19 Revenue less expensesPrior year $3,323,460$1,078,533
Part VI · Governance 7 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,579,124 across 6 lines filed
VIII-1f All other contributions, gifts and grants$4,747,830
VIII-1h Total contributions, gifts and grants$4,747,830
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $359,550$359,550
VIII-3 Investment incomeExcluded from tax $349,733$349,733
VIII-7 Net gain or loss on sales of assetsExcluded from tax $122,011$122,011
VIII-12 Total revenueRelated to mission $359,550 · Unrelated business $0 · Excluded from tax $471,744$5,579,124
Part IX · Statement of functional expenses $4,500,591 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $268,109 · Management $66,674 · Fundraising $8,863$343,646
IX-7 Other salaries and wagesPrograms $508,812 · Management $144,038 · Fundraising $11,336$664,186
IX-8 Pension plan contributionsPrograms $2,054 · Management $2,719 · Fundraising $48$4,821
IX-9 Other employee benefitsPrograms $28,661 · Management $37,942 · Fundraising $665$67,268
IX-10 Payroll taxesPrograms $39,497 · Management $52,286 · Fundraising $916$92,699
IX-11b Legal feesManagement $102,551$102,551
IX-11c Accounting feesManagement $209,752$209,752
IX-11g Other fees for servicesPrograms $2,248,188 · Management $224,439 · Fundraising $94,242$2,566,869
IX-13 Office expensesPrograms $4,524 · Management $4,532$9,056
IX-14 Information technologyPrograms $191,320 · Management $964$192,284
IX-18 Travel and entertainment for public officialsPrograms $88,539 · Management $4,003$92,542
IX-22 Depreciation, depletion and amortizationPrograms $1,936$1,936
IX-24 Other expenses (24a–d)Programs $122,712 · Management $20,269 · Fundraising $0$142,981
IX-24e All other expensesPrograms $6,970 · Management $3,030$10,000
IX-25 Total functional expensesPrograms $3,511,322 · Management $873,199 · Fundraising $116,070$4,500,591
Part X · Balance sheet $13,879,931 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $5,623,318$1,350,296
X-2 Savings and temporary cash investmentsStart of year $2,317,127$270,345
X-3 Pledges and grants receivableStart of year $580,000$187,410
X-9 Prepaid expenses and deferred chargesStart of year $20,134$25,234
X-10c Land, buildings and equipment, netStart of year $7,180$5,244
X-11 Publicly traded securitiesStart of year $5,244,598$12,041,402
X-16 Total assetsStart of year $13,792,357$13,879,931
X-17 Accounts payable and accrued expensesStart of year $319,303$256,908
X-19 Deferred revenueStart of year $3,408,995$2,455,289
X-26 Total liabilitiesStart of year $3,728,298$2,712,197
X-27 Net assets without donor restrictionsStart of year $10,064,059$9,853,379
X-28 Net assets with donor restrictions$1,314,355
X-32 Total net assets or fund balancesStart of year $10,064,059$11,167,734
X-33 Total liabilities and net assetsStart of year $13,792,357$13,879,931
Part XI · Reconciliation of net assets $11,167,734 net assets at year end
XI-1 Total revenue$5,579,124
XI-2 Total expenses$4,500,591
XI-3 Revenue less expenses$1,078,533
XI-4 Net assets at start of year$10,064,059
XI-5 Net unrealized gains (losses) on investments$25,142
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,167,734

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

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