Overview
What is Rose Community Foundation?
The Rose Community Foundation, based in Denver, Colorado, is a nonprofit organization dedicated to advancing inclusive, engaged, and equitable Greater Denver communities through values-driven philanthropy. With a team of 30 employees, the Foundation connects donors' generosity to community needs, enabling meaningful and purposeful giving. Donor Development initiatives saw $12.3 million contributed to the Foundation, while donors' recommended grants amounted to $7.2 million for various community interests. Endowment services received $13.9 million in contributions for local nonprofit organizations and paid out $1.9 million to those with established permanent endowments. The Foundation's philanthropy advisors help donors articulate their values, narrow their philanthropic focus, and facilitate giving circles. Since its founding in 1995, it has granted over $367 million to more than 2,000 organizations and initiatives and supports 75 nonprofits in creating and growing endowments.
Official website here: www.rcfdenver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100%
The Rose Community Foundation has received a Four-Star out of Four Star rating from Charity Navigator, reflecting an impressive overall score of 100%. This rating indicates robust accountability and financial health, showcasing the foundation's commitment to transparency and effective governance. Notably, the foundation has a fully independent board, with all 16 members free from any conflicts of interest, further enhancing its credibility.
The organization's financial metrics are particularly strong, with an outstanding program expense ratio of 87.78%, which signifies that the majority of its funds are directed toward its mission-driven programs. Additionally, the foundation exhibits excellent fundraising efficiency, requiring only $0.05 to raise each dollar, emphasizing its effective use of resources. The working capital ratio of 10.26 years indicates solid financial stability, allowing the organization to sustain its operations over the long term.
No significant limitations or concerns were reported in the data, reinforcing the foundation's strong standing in the nonprofit sector. Overall, the Rose Community Foundation exemplifies best practices in nonprofit management, making it a reliable choice for potential donors looking to support a well-governed and financially sound organization.
This AI summary has been generated from information found on Charity Navigator.
Is Rose Community Foundation legitimate?
Rose Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rose Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,364,115
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,598,781
For more financial information, click here
Official website here: www.rcfdenver.org
What is the mission statement of Rose Community Foundation?
The Rose Community Foundation is dedicated to fostering inclusive, engaged, and equitable communities in Greater Denver through values-driven philanthropy. The Foundation aims to create a thriving region where diversity and generosity are celebrated, utilizing various tools such as grantmaking, advocacy, and philanthropic services. Since its establishment in 1995, it has granted over $367 million to over 2,000 organizations and initiatives, in addition to managing over $64 million in donor-advised funds. Furthermore, the Foundation supports 75 nonprofits in creating endowments to sustain their work into the future, currently overseeing $62 million in endowed assets.
Official website here: www.rcfdenver.org
Who is the CEO of Rose Community Foundation?
Lindy Lent is the CEO of Rose Community Foundation The CEO's salary of Rose Community Foundation is $341,438 and their total compensation is $375,292.
Official website here: www.rcfdenver.org
What is the revenue of Rose Community Foundation?
Rose Community Foundation's revenue in 2023 was $42,222,956.
Official website here: www.rcfdenver.org
Who are the executives of Rose Community Foundation and what are their salaries?
The average compensation at Rose Community Foundation during 2023 was $92,590. There are 32 employees and 63 volunteers at Rose Community Foundation.
Here are 24 key members and their salaries (Rose Community Foundation's CEO's salary is $341,438 and their total compensation is $375,292):
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- Compensation: $341,438
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- Other: $33,854
- Compensation: $208,395
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- Other: $28,977
- Compensation: $169,568
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- Compensation: $164,683
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- Compensation: $157,280
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- Other: $13,485
- Compensation: $117,197
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- Compensation: $103,623
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Official website here: www.rcfdenver.org
Where can I find the form 990 for Rose Community Foundation?
Rose Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rcfdenver.org
Learn more at the official website: www.rcfdenver.org
Mission Statement of Rose Community Foundation
The Rose Community Foundation, a leading philanthropic organization, is dedicated to fostering inclusive, engaged, and equitable communities in Greater Denver. Through values-driven philanthropy, the Foundation seeks to strengthen the region by promoting diversity and generosity. With a vision of a thriving Denver metro area, the Rose Community Foundation leverages various tools to realize this aspiration, including grantmaking, advocacy, and philanthropic services.
Since its establishment in 1995, the Foundation has granted over $367 million to more than 2,000 organizations and initiatives, with an additional $64 million facilitated from donor-advised funds. Furthermore, the Foundation supports 75 nonprofit organizations in creating and growing endowments, currently managing $62 million in endowed assets. The Rose Community Foundation's commitment to the Greater Denver communities is evidenced by its significant financial contributions and collaboration with various organizations to promote sustainable growth and social change.
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Impact
October, 2024
The Rose Community Foundation plays a significant role in fostering inclusive, engaged, and equitable communities in the Greater Denver area through values-driven philanthropy. Recently, it has mobilized $12.3 million from donors and aligned funders, reinforcing the importance of connecting donor values to community needs. Through its philanthropic efforts, the foundation facilitated $7.2 million in recommended grants to a diverse array of local interests, demonstrating its commitment to addressing specific community challenges and aspirations.
With a strong focus on sustainability, the foundation has successfully garnered $13.9 million for permanent endowments and designated funds, helping local nonprofit organizations secure long-term financial health. It distributed $1.9 million to nonprofits that have established these funds, thereby reinforcing the importance of legacy giving and endowment building. The Rose Community Foundation also empowers nonprofit staff and board members through training and support, ensuring they can effectively integrate endowment strategies into their development efforts.
Since its inception in 1995, the Foundation has granted over $367 million to more than 2,000 organizations and initiatives. This includes facilitating $64 million in grantmaking through donor-advised funds, highlighting its role as a catalyst for philanthropic collaboration. By nurturing the growth of endowments for 75 nonprofit organizations, currently stewarding $62 million in endowed assets, the foundation is not just providing immediate support but is also ensuring that vital community work can continue for generations to come.
This information is meant to be a general summary of Rose Community 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 2023.
- Investment Income: $2,842,061
- Program Service Revenue: $647,529
- Gross Receipts: $155,698,034
Assets and Liabilities:
- Total Assets: $352,590,863
- Total Liabilities: $66,705,119
- Net Assets: $285,885,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative Fees
Revenue
$647,529
Organization Details
Founding Year
1995
Principal Officer
Gretchen Lenamond
Website
www.rcfdenver.orgNTEE Category
Code: T31 - Philanthropy
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