Rosemount Center

Nonprofit profile at a glance

EIN
520954828
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2022659885
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$6,657,292
Expenses
$6,392,028
Assets
$6,534,742
Liabilities
$550,836

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Jacques Rondeau (CEO)
  • Martha Johnson (Deputy CEO)

Highest reported compensation

  • Martha Johnson (Deputy CEO): $163,755 total reported compensation
  • Jacques Rondeau (CEO): $140,724 total reported compensation
  • Cornett Roberts-Njoku (Program Director): $110,857 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To prepare children and families for their future by providing comprehensive early childhood education and family support services in a bilingual and multicultural setting.

What it reported doing in 2024

Infant/Toddler Program - The Center's Infant/Toddler Program provides high quality services to pregnant women, infants and toddlers (6 weeks to 3 years old) and their families. The program enhances the development of very young children and promotes healthy family functioning. The Infant/Toddler Program serves a total of 74 children funded by 1) Early Head Start, 2) subsidized spaces through the District of Columbia's Office of the State Superintendent of Education (OSSE), and 3) families who pay tuition. Rosemount's Early Head Start funding began in 1996 with a grant to fund 31 center-based children and 44 home-based children, growing to 39 center-based and 55 home-based children for a total of 94 children currently funded by Early Head Start. We provide comprehensive services to children within three infant classrooms of six children with a child/staff ratio of 2:1 and seven toddler classrooms of eight children with a child/staff ratio of 4:1. Home visitors have a caseload of 11 families, providing one home visit per week per family lasting for a minimum of 1 1/2 hours each and bi-monthly group socializations.

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 45
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.4%; rating input score 82
  • Program expense ratio: 85.8%; rating input score 86
  • Fundraising efficiency: $14.43 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 82.4% of revenue deployed · 85.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $5.5M in reported program spending
  • Leadership: top reported pay $164K · 9 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $398K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Fundraising efficiency scored 50/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.