The Stephen C Rose Legacy Foundation

Nonprofit profile at a glance

EIN
474730275
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Olney, MD, USA
Phone
5715606614
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Personal Social Services

Reported finances

Revenue
$5,579,124
Expenses
$4,500,591
Assets
$13,879,931
Liabilities
$2,712,197

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

Leadership & pay

16 people listed

Executive titles in this filing

  • STEPHANIE BELL-ROSE (PRESIDENT AS OF 8/9/24)
  • DAVID MCGHEE (EXECUTIVE DIRECTOR THRU 8/9/24)

Highest reported compensation

  • DAVID MCGHEE (EXECUTIVE DIRECTOR THRU 8/9/24): $197,372 total reported compensation
  • JANET WORMACK (COO/CFO): $146,273 total reported compensation

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

Overview

Mission

The foundation is a leading national organization focused on supporting the mental health and emotional well-being of young people. The steve fund's mission is to promote the mental health and emotional wellbeing of underserved young people as they transition from adolescence into higher education, throughout their higher education experience, and as they transition into the workforce so they can attain personal, academic, and career success and achieve their full potential. The steve fund works with colleges and universities, nonprofits, researchers, mental health experts, families, and young people to promote programs and strategies that build understanding and assistance for the mental and emotional health of the nation's underserved young people.

What it reported doing in 2024

Shaping the field: we shape the field to drive improvements and broad delivery of high-quality supports for the mental health and emotional wellbeing of young people, especially underserved young people.those in a position to help young people (e.g., higher ed, nonprofit, and workplace leaders and staff, mental health providers, families, caregivers, policymakers and advocates, the media) are increasingly in need of greater understanding of the challenges and clarity on solutionsthe steve fund leverages a refined set of approaches to lead these key stakeholders to take action: by hosting annual conferences/convenings; conducting national survey on the state of mental health for young people; creating high-quality data and insights to generate credible, consistent thought leadership; raising awareness by "grabbing the mic; and amplifying youth voice. These activities increase understanding of the relevant issues and clarity on the solutions, equipping stakeholders to take action, invest in addressing the challenges, and know what to invest in to support young people. Our reach and impact in 2024: 2.1million young people reached through our work with families, educational institutions, workplaces and nonprofits. Over 120 plus partnerships forged with high schools, higher education institutions and workplaces. We reached a goal of over 10,000 conversations held through "texting steve" through the crisis text line. The steve fund held three national conferences and reached the milestone of fifty campus participants in our campus mental health on campus initiative.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 70
  • Accountability: 73
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.6%; rating input score 67
  • Program expense ratio: 78%; rating input score 78
  • Fundraising efficiency: $40.9 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 53.8%; rating input score 54; 8th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.3%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 3.08; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 26% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 29% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 35.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 66.6% of revenue deployed · 78% of spending went to programs
  • Governance: 7 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.5M in reported program spending
  • Leadership: top reported pay $197K · 16 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $675K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Review — Accountability: Independent voting board scored 54/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.