Rose Foundation

Nonprofit profile at a glance

EIN
840418124
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
Denver, CO, USA
Phone
3033987400
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$7,991,487
Expenses
$13,939,414
Assets
$307,620,891
Liabilities
$82,421,630

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • Lindy Eichenbaum Lent (President & CEO)

Highest reported compensation

  • Anne Garcia (CFO & COO): $217,416 total reported compensation
  • Elsa Holguin (Senior Program Officers): $168,457 total reported compensation
  • Lisa Farber Miller (Senior Program Officers): $160,314 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See Schedule O.The purpose of the Foundation is to enhance the quality of life in the seven-county greater Denver community by identifying and supporting programs in the areas of aging, child and family development, education, health and Jewish life. The Foundation promotes strategic philanthropy by engaging with donors to help them make thoughtful decisions to achieve their philanthropic goals.

What it reported doing in 2017

Rose Foundation (EIN #84-0418124), a supporting organization of Rose Community Foundation, makes grants in five primary issue areas within the seven-county Denver community. See Schedule O. A total of $11,053,368 in unrestricted funds was awarded in 2017 as follows: AGING $1,733,650 to support services for older adults, including transportation, direct services, and end-of-life care; CHILD & FAMILY DEVELOPMENT $1,627,672 to support early childhood development and education, family self-sufficiency and related public policy efforts; EDUCATION $1,813,425 to improve K-12 teacher quality and support systemic changes aimed at closing education achievement gaps; HEALTH $1,702,955 to support access to care, cost-effectiveness in health care, health policy initiatives and primary prevention: JEWISH LIFE $4,175,666 to help strengthen connections between individuals and the Jewish community, promote Jewish growth and learning, strengthen organizations and develop leaders. Included in this grantmaking are a number of Foundation-led initiatives to support the Jewish community, including LiveOn Life & Legacy, MazelTogether, Roots and Branches and Rose Youth Foundation. COMMUNITY ACTION $223,000 to support nonprofit organizations serving immigrants, refugees and communities vulnerable to discrimination and hate crimes. NON-PROFIT COMMUNITY SUPPORT $165,000 to help build the capacity of the nonprofits in our community to do their work effectively and ultimately create better results for clients and communities.

Operating model

Revenue model
Investment-supported. 72% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 47
  • Accountability: 95
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.9%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 5th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 66.4%; rating input score 66; 17th percentile among comparable filings
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -74.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 22.07; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.27; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.9% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $13.2M in reported program spending
  • Leadership: top reported pay $217K · 24 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $257K reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • Money network: 159 filed money-flow records
  • Related organizations: 156 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.