The Rodney Fund
Nonprofit profile at a glance
- EIN
- 383030437
- IRS 990-PF coverage
- 2020–2023
- Forms available
- Form 990-PF 2023
- Location
- West Bloomfield, MI, USA
- Phone
- 2483528108
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $156,188
- Expenses
- $1,841,949
Source: IRS Form 990-PF. Selected filing: tax year 2023. Amounts in USD.
Overview
Mission
The Rodney Fund is a nonprofit. Location: West Bloomfield, MI. EIN 383030437. Tax year 2023 Form 990-PF reports $156K revenue and $1.8M expenses.
What it reported funding in 2023
The foundation reported 21 grants totaling $1,610,000. The stated grant purposes included general funding 501(c)3, general funding 501 c(3), and general funding 501(c) 3, plus 2 other reported purposes.
Operating model
- Revenue model
- Investment-supported. 89% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
SUPPORTED - The filing identifies who received its grants and the filed numbers largely add up. A relatively small share of available resources goes to charitable grants and assets provide a limited cushion relative to annual grants.
Rating breakdown
- Grant Deployment: 8
- Cost Efficiency: 87
- Transparency: 100
- Compliance: 98
- Endowment Health: 57
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 8.4%; rating input score 8; 2nd percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 87.4%; rating input score 87; 61st percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Pass
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Missing
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 19.6; rating input score 57; 57th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 8.4% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 57th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Filing history: 4 filing years from 2020 to 2023
- Contacts: How to reach this organization
- Money network: 22 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Grant Deployment: Grant deployment ratio scored 8/100.
- Review — Endowment Health: Endowment-health comparison scored 57/100.