philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

James Rollin Memorial Fund FY2023 filing

Tax-deductible

Redford, MI501(c)(3)Education EIN 86-2014136Revenue $45K in FY2023

On file with the IRS17711 Kinloch, 48240-2246 · Redford, MITax-exempt since Sep 2021Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide scholarships to high school students, payments for specific capital improvements at redford union high school, and general support of the high school and student activities that will enrich the lives of the students.

501(c)(3) charity; gifts are tax-deductible.
94¢ 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
1 of 4
filings with a surplus
Average surplus $94K a year · 52% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Plus $469K in investments, Pt X · Ln 11–13
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
+516% vs prior year
Spent
$118K
To programs
94%
Net assets
$560K
By yearFY2021–FY2024
Revenue
$45K
FY2023▲ +516%
Tap a bar for its year
Revenue by fiscal year
FY2021$608K
FY2022$7K
FY2023$45K
FY2024$65K
Expenses
$118K
FY2023▲ +414%
Tap a bar for its year
Expenses by fiscal year
FY2021$37K
FY2022$23K
FY2023$118K
FY2024$170K
Net assets
$560K
FY2023▼ -0.5%
Tap a bar for its year
Net assets by fiscal year
FY2021$639K
FY2022$563K
FY2023$560K
FY2024$471K

From the FY2023 Form 990 · see the original

990 PDF Claim
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 Sep 2021.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $111K Management & general 6% · $7K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Judy Nachman
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See James Rollin Memorial Fund executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Gives scholarships, funds school improvements, and supports student activities.

Questions for James Rollin Memorial Fund

Tap to ask. James Rollin Memorial Fund sees how many people are interested.

Your first name shows with your question. James Rollin Memorial Fund answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $111K · in their own filed words · FY2023
01

Student, & team pictures and banners, school operation cost support, piano purchase.

$106Kprogram expense
02

Scholarships provided to students of redford union high school

$5Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$45K
Ln 12
Investment incomeLn 3$26K
Other incomeLn 4–11$18K
Money outPt IX
$118K
Ln 25
Programscol B$111K
Managementcol C$7K
Owns and owesPt X
$560K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$560K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$26K
Other incomeLn 4–11$18K
Gains on assetsLn 7$13K
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$91K
Cash and savings togetherLn 1–2$91K
InvestmentsLn 11–13$469K
Other assetsLn 15$310
Total assetsLn 16$560K
LiabilitiesLn 26$0
Net assetsLn 32$560K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$27K$91K
InvestmentsLn 11–13$537K$469K
Total assetsLn 16$563K$560K
LiabilitiesLn 26$0$0
Net assetsLn 32$563K$560K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$3K$3K
Information technologyLn 14$3K$3K
Other expenses (24a–d)Ln 24$112K$111K$1K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$118K$111K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $65K$170K−$106K$471K 990 PDF
FY2023 Viewing $45K$118K−$74K$560K 990 PDF
FY2022 $7K$23K−$16K$563K 990 PDF
FY2021 $608K$37K$571K$639K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $44,699 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,252$26,344
I-11 Other revenue$18,355
I-12 Total revenuePrior year $7,252$44,699
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,042$118,413
I-18 Total expensesPrior year $23,042$118,413
I-19 Revenue less expensesPrior year −$15,790−$73,714
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $44,699 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $13,526$13,526
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,818$12,818
VIII-8 Net income from fundraising events$18,355
VIII-12 Total revenueExcluded from tax $26,344$44,699
Part IX · Statement of functional expenses $118,413 across 4 lines filed
IX-11f Investment management feesManagement $2,540$2,540
IX-14 Information technologyManagement $2,711$2,711
IX-24 Other expenses (24a–d)Programs $110,917 · Management $1,205$112,122
IX-24e All other expensesManagement $1,040$1,040
IX-25 Total functional expensesPrograms $110,917 · Management $7,496 · Fundraising $0$118,413
Part X · Balance sheet $560,442 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $26,743$90,730
X-11 Publicly traded securitiesStart of year $536,737$469,402
X-15 Other assets$310
X-16 Total assetsStart of year $563,480$560,442
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $563,480$560,442
X-33 Total liabilities and net assetsStart of year $563,480$560,442
Part XI · Reconciliation of net assets $560,442 net assets at year end
XI-1 Total revenue$44,699
XI-2 Total expenses$118,413
XI-3 Revenue less expenses−$73,714
XI-4 Net assets at start of year$563,480
XI-5 Net unrealized gains (losses) on investments$70,676
XI-10 Net assets at end of year$560,442

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.