Rosecrance Health Network
- Assets
- $20.6m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 149
- Location
- Rockford, IL
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 36-3874007
Organization Overview
Rosecrance Health Network is located in Rockford, IL. The organization was established in 1994. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Rosecrance Health Network employed 149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosecrance Health Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Rosecrance Health Network generated $19.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $19.6m during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROSECRANCE LEADS A NETWORK OF BEHAVIORAL HEALTH ORGANIZATIONS THAT PROVIDE HELP, HOPE AND LASTING RECOVERY TO CHILDREN, YOUTH, ADULTS AND FAMILIES.
Describe the Organization's Program Activity:
ROSECRANCE LEADS A NETWORK OF BEHAVIORAL HEALTH ORGANIZATIONS THAT PROVIDE HELP, HOPE AND LASTING RECOVERY TO CHILDREN, YOUTH, ADULTS AND FAMILIES THROUGH OUTCOMES-BASED TREATMENT THAT IS INDIVIDUALIZED TO MEET THE NEEDS OF EACH PERSON.
ASPEN COUNSELING AND CONSULTING, LLC, AN AFFILIATE OF ROSECRANCE HEALTH NETWORK, IS A MULTI-SPECIALTY CLINIC THAT HELP CLIENTS WORK THROUGH STRESS AND ANXIETY, AND DEVELOP STRATEGIES TO MANAGE MOOD OR SUBSTANCE USE DISORDERS. AMONG ITS SERVICES ARE TRANSCRANIAL MAGNETIC STIMULATION, EYE MOVEMENT DESENSITIZATION AND REPROCESSING, AND PSYCHOTHERAPY. ASPEN SERVES APPROXIMATELY 1,306 CLIENTS EACH YEAR.
CONNECTIONS COUNSELING, AN AFFILIATE OF ROSECRANCE HEALTH NETWORK, IS A MULTI-SPECIALTY CLINIC FOCUSED ON CREATING SAFE, SUPPORTIVE ENVIRONMENTS FOR YOUNG PEOPLE, FAMILIES, AND ADULTS TO FIND HOPE, HEALING, AND LASTING RECOVERY. AMONG ITS SERVICES ARE TRANSCRANIAL MAGNETIC STIMULATION, EYE MOVEMENT DESENSITIZATION AND REPROCESSING, PSYCHOTHERAPY, INTERVENTIONS, AND MENTORING. CONNECTIONS SERVES APPROXIMATELY 1,015 CLIENTS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Pecora Chair | OfficerTrustee | 2 | $0 |
Jeff Dibenedetto Vice-Chair | OfficerTrustee | 2 | $0 |
Brian Thiede Treasurer | OfficerTrustee | 2 | $0 |
Jennifer Furst Secretary | OfficerTrustee | 2 | $0 |
Jeff Lee Director | Trustee | 2 | $0 |
Ellen Nichols Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kathleen Terzinski Clinical Services | 6/29/21 | $114,559 |
At Consultinglisa Asper Consultant | 6/29/21 | $357,409 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,357,434 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,371,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,143,424 |
| Compensation of current officers, directors, key employees. | $1,143,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,422,000 |
| Pension plan accruals and contributions | $452,948 |
| Other employee benefits | $1,025,586 |
| Payroll taxes | $814,173 |
| Fees for services: Management | $483,732 |
| Fees for services: Legal | $35,330 |
| Fees for services: Accounting | $50,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,902,469 |
| Advertising and promotion | $68,319 |
| Office expenses | $230,399 |
| Information technology | $480,205 |
| Royalties | $0 |
| Occupancy | $706,696 |
| Travel | $42,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,513 |
| Interest | $107,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,302 |
| Insurance | $107,841 |
| All other expenses | $78,014 |
| Total functional expenses | $19,565,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $890,024 |
| Accounts receivable, net | $671,938 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,217,599 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $338,079 |
| Net Land, buildings, and equipment | $3,901,754 |
| Investments—publicly traded securities | $13,151,450 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,634,364 |
| Accounts payable and accrued expenses | $1,762,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,352,007 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,035,958 |
| Total liabilities | $9,150,611 |
| Net assets without donor restrictions | $11,483,753 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,634,364 |