Overview
What is The Rosewell Foundation Inc?
The Rosewell Foundation Inc is a nonprofit organization dedicated to preserving and displaying historical ruins, specifically those at the Rosewell plantation. Their primary focus is on stabilizing the ruins, which involves repairing brick masonry joints and conserving stonework, making them accessible to the public. The foundation has set up a visitor center to offer tours, information, and exhibit historical artifacts related to these ruins. The mission of The Rosewell Foundation Inc is deeply rooted in preserving the past, ensuring that future generations can appreciate and learn from these historic sites.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)
The Rosewell Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain organizational practices. The foundation scored 73% overall, primarily evaluated through the Accountability & Finance beacon. While the foundation excels in having an independent board and maintaining a low material diversion of assets, it has significant gaps in transparency and governance policies, which have impacted its overall rating.
Strengths of the organization include a fully independent board and a high program expense ratio of 98.04%, demonstrating a commitment to allocating resources towards its mission. However, a critical area of concern is the absence of several key policies, including conflict of interest and whistleblower policies, as well as missing documentation on their website. These deficiencies indicate a lack of adherence to best practices in nonprofit governance, which is essential for building trust with stakeholders.
For potential donors and supporters, it is vital to consider these limitations when engaging with The Rosewell Foundation Inc. While the organization demonstrates effective program spending and has a strong board structure, the noted shortcomings in accountability and transparency should prompt further inquiry and caution before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is The Rosewell Foundation Inc legitimate?
The Rosewell Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rosewell Foundation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,387
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What is the mission statement of The Rosewell Foundation Inc?
The mission of The Rosewell Foundation Inc. primarily revolves around the preservation and display of historical ruins, specifically those at the Rosewell plantation. Their most critical activity involves stabilizing the ruins through brick masonry joint repair and stonework conservation. To facilitate this, they have established a visitor center, offering tours, information, and the display of artifacts related to the ruins. Essentially, the foundation's goal is to preserve and showcase the historical significance of these ruins for public appreciation.
What is the revenue of The Rosewell Foundation Inc?
The Rosewell Foundation Inc's revenue in 2022 was $35,124.
Who are the executives of The Rosewell Foundation Inc and what are their salaries?
The average compensation at The Rosewell Foundation Inc during 2022 was $10,077. There are 5 employees at The Rosewell Foundation Inc.
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Where can I find the form 990 for The Rosewell Foundation Inc?
The Rosewell Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Rosewell Foundation Inc
The Rosewell Foundation Inc is dedicated to preserving and displaying the historic ruins at the Rosewell plantation. Their most critical activity involves stabilizing the ruins through repairing brick masonry joints and conserving stonework. This meticulous work is essential to maintaining the integrity of the historic site. The Foundation has established a visitor center to provide tours and share information about the ruins, along with displaying artifacts found on the site. The visitor center serves as a hub for those interested in learning about the history and significance of the Rosewell ruins. By preserving and showcasing these historical ruins, The Rosewell Foundation Inc contributes to the appreciation and understanding of our nation's past.
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Impact
August, 2024
The Rosewell Foundation Inc's impact lies in the preservation and stabilization of the historic ruins at Rosewell plantation in Gloucester, VA. The Foundation's critical activities include repairing brick masonry joints and conserving stonework to ensure the longevity of the ruins. By opening a visitor center, providing tours, and displaying artifacts, the Foundation not only educates the public about the history of the site but also contributes to the preservation of this important piece of American heritage. Their dedication to preserving and displaying historic ruins helps to ensure that future generations can appreciate and learn from the past.
This information is meant to be a general summary of The Rosewell Foundation Inc. 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: $42
- Program Service Revenue: $16,586
- Gross Receipts: $35,124
Assets and Liabilities:
- Total Assets: $742,038
- Total Liabilities: $293,067
- Net Assets: $448,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BARBECUE/OTHER
Revenue
$12,772
TAXABLE GIFT SHOP SALES
Revenue
$2,694
GHOST TOUR
Revenue
$1,120
Organization Details
Principal Officer
Tom Karow
NTEE Category
Code: A80 - Arts
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