Overview
What is Rose Hill Foundation?
The Rose Hill Foundation is a nonprofit organization, headquartered at 151 South Old Woodward Avenue, Birmingham, Michigan. Its primary purpose is to raise funds and offer financial support to Rose Hill Center, Inc., a nonprofit that focuses on providing comprehensive treatment programs for adults struggling with mental illness. The Rose Hill Foundation manages its investments and has achieved significant success through a golf outing that raised $122,732. The foundation plays a crucial role in aiding Rose Hill Center, Inc. in fulfilling its mission.
Official website here: www.rosehillcenter.org/rose-hill-foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 1 Star (56%)
The Rose Hill Foundation has received a low rating of 56%, resulting in a One-Star out of Four Stars designation. The foundation demonstrates strong governance practices, with 100% of its board members being independent and having appropriate oversight mechanisms in place, such as an Audit and Oversight Committee. Policies related to conflicts of interest, whistleblower protections, and document retention are also well-established, which speaks to the organization’s commitment to accountability.
However, the foundation struggles with financial performance metrics, particularly the low program expense ratio of 48.63%, indicating that less than half of its expenses are allocated towards its programs. Additionally, the lack of tax form postings on its website and a concerning liabilities to assets ratio of 0.11% may raise concerns among potential donors regarding financial transparency and sustainability.
Overall, while the Rose Hill Foundation showcases effective governance and compliance measures, its financial management and transparency practices need significant improvement to enhance its credibility and attract support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Rose Hill Foundation legitimate?
Rose Hill Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rose Hill Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.rosehillcenter.org/rose-hill-foundation
What is the mission statement of Rose Hill Foundation?
The Rose Hill Foundation's primary mission is to raise and manage funds exclusively for Rose Hill Center, Inc., with the objective of supporting its mission. Rose Hill Center, Inc., in turn, focuses on providing a range of comprehensive treatment programs for adults dealing with mental illness. The Foundation's role involves providing financial grants to aid in this mission. The Board of Directors of the Foundation is responsible for managing its investments. Notably, the Foundation has successfully organized a golf outing that raised $122,732.
Official website here: www.rosehillcenter.org/rose-hill-foundation
Who is the CEO of Rose Hill Foundation?
Gregory J Schwartz Jr is the Chair of Rose Hill Foundation.
Official website here: www.rosehillcenter.org/rose-hill-foundation
What is the revenue of Rose Hill Foundation?
Rose Hill Foundation's revenue in 2022 was $952,401.
Official website here: www.rosehillcenter.org/rose-hill-foundation
Who are the executives of Rose Hill Foundation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.rosehillcenter.org/rose-hill-foundation
Where can I find the form 990 for Rose Hill Foundation?
Rose Hill Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rosehillcenter.org/rose-hill-foundation
Learn more at the official website: www.rosehillcenter.org/rose-hill-foundation
Mission Statement of Rose Hill Foundation
The Rose Hill Foundation is a dedicated organization with a mission to raise and manage funds exclusively for Rose Hill Center, Inc. This mission is centered around providing financial support to Rose Hill Center, Inc., which in turn strives to offer a range of comprehensive treatment programs for adults struggling with mental illness. The Foundation's role extends beyond just fundraising; its board of directors also oversees the management of the Foundation's investments, ensuring the funds are utilized effectively in supporting Rose Hill Center, Inc.'s mission. Notably, the Foundation has achieved significant success through hosting a golf outing that raised an impressive $122,732.
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Impact
October, 2024
The Rose Hill Foundation plays a vital role in enhancing the quality of life for adults coping with mental illness by raising and managing critical funds for Rose Hill Center, Inc. Through its financial grants, the Foundation enables the delivery of a range of comprehensive treatment programs tailored to meet the unique needs of this population. One of its significant achievements includes organizing a golf outing that successfully raised $122,732, directly contributing to the vital services provided at Rose Hill Center. By focusing on philanthropy and community support, the Foundation ensures that these essential treatment programs continue to thrive, fostering recovery and well-being for those it serves.
This information is meant to be a general summary of Rose Hill Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,055,005
- Gross Receipts: $4,343,125
Assets and Liabilities:
- Total Assets: $18,646,077
- Total Liabilities: $21,210
- Net Assets: $18,624,867
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Organization Details
Founding Year
2003
Phone
(248) 634-5530Principal Officer
Gregory J Schwartz Jr
Main Address
151 SOUTH OLD WOODWARD AVENUE 200, BIRMINGHAM, MI, 480096103
NTEE Category
Code: T30 - Philanthropy
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