Stephen C Rose Legacy Foundation
- Assets
- $11.7m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Providence, RI
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-4730275
Organization Overview
Stephen C Rose Legacy Foundation, operating under the name The Steve Fund, is located in Providence, RI. The organization was established in 2016. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Steve Fund employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steve Fund 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 12/2022, Steve Fund generated $10.3m in total revenue. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 65.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE STEVE FUND IS THE NATION'S LEADING ORGANIZATION FOCUSED ON SUPPORTING THE MENTAL HEALTH AND EMOTIONAL WELL-BEING OF YOUNG PEOPLE OF COLOR. THE STEVE FUND WORKS WITH COLLEGES AND UNIVERSITIES, NON-PROFITS, 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 YOUNG PEOPLE OF COLOR. THE FUND HOLDS AN ANNUAL CONFERENCE SERIES, YOUNG, GIFTED & @RISK, AND OFFERS A KNOWLEDGE CENTER WITH CURATED EXPERT INFORMATION. WITH MULTICULTURAL MENTAL HEALTH EXPERTS, IT DELIVERS ON-CAMPUS AND ON-SITE PROGRAMS AND SERVICES FOR COLLEGES AND NON-PROFITS, AND THROUGH TECH PARTNERSHIPS IT PROVIDES DIRECT SERVICES TO YOUNG PEOPLE OF COLOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS AND PARTNERSHIPSTHE STEVE FUND IS THE NATION'S ESSENTIAL STRATEGIC AND IMPLEMENTATION PARTNER FOR COLLEGES AND UNIVERSITIES, COMPANIES, INSTITUTIONS, AND ORGANIZATIONS SEEKING TO BUILD KNOWLEDGE, CULTURAL UNDERSTANDING AND TOOLS TO EQUITABLY SUPPORT THE MENTAL HEALTH AND EMOTIONAL WELL-BEING OF STUDENTS AND YOUNG PROFESSIONALS OF COLOR. THE STEVE FUND GREW ITS PARTNER NETWORK TO 225 INSTITUTIONS UTILIZING ITS PROGRAMS AND SERVICES.THROUGH OUR WORKSHOPS AND SEMINARS WE REACHED OVER 1000 HIGH SCHOOL STUDENTS, OVER 2000 COLLEGE AND GRADUATE STUDENTS AND 1200 PROFESSIONALS WHO WORK WITH STUDENTS OF COLOR.
EDUCATIONAL WORKSHOPS, THE STEVE FUND HELD WORKSHOPS DESIGNED TO EQUIP YOUNG PEOPLE OF COLOR WITH THE KNOWLEDGE AND SKILLS TO MAINTAIN POSITIVE MENTAL HEALTH. WORKSHOPS WERE CO-LED BY STUDENTS OF COLOR AND MENTAL HEALTH PROFESSIONALS TO DISCUSS MENTAL HEALTH AND ENCOURAGE UTILIZATION OF RESOURCES AND SUPPORT. IN ADDITION, THE STEVE FUND HAD CULTURALLY COMPETENT MENTAL HEALTH SUPPORT GROUPS LED BY MULTICULTURAL PSYCHIATRISTS, PSYCHOLOGISTS, AND OTHER MENTAL HEALTH EXPERTS.
DIGITAL TRANSFORMATION DIGITAL TRANSFORMATION IS AN AREA OF ACTIVITY THAT FOCUSES ON BUILDING THE FOUNDATION'S TECHNOLOGY CAPABILITIES, INFRASTRUCTURE, AND PLATFORMS. IT INCLUDES PARTNERSHIPS WITH TECH INNOVATIONS, SUCH AS A CRISIS TEXT LINE.
EQUITY IN MENTAL HEALTH ON CAMPUSGOAL OF THE EQUITY IN MENTAL HEALTH ON CAMPUS INITIATIVE IS TO GUIDE AND SUPPORT A COHORT OF SCHOOLS THROUGH A TRANSFORMATIVE PROCESS THAT WILL MAKE THE MENTAL HEALTH OF STUDENTS OF COLOR A PRIORITY FOR THEIR CAMPUS COMMUNITY. THE EMHC INITIATIVE USES THE EQUITY IN MENTAL HEALTH FRAMEWORK (EMHF), A FIRST-OF-ITS-KIND SET OF 10 ACTIONABLE RECOMMENDATIONS FOR COLLEGES AND UNIVERSITIES TO SUPPORT THE MENTAL, EMOTIONAL, AND SOCIAL HEALTH AND WELL-BEING OF STUDENTS OF COLOR. THE EMHC HAS REACHED MORE THAN 173,000STUDENTS AT 27 COLLEGES AND UNIVERSITIES.. IN ADDITION, TO SUPPORT INSTITUTIONS IN USING THE EMHF, THE STEVE FUND AND JED FOUNDATION CONTINUE TO SHARE ITS EMHF IMPLEMENTATION TOOLKIT WITH INTERESTED COLLEGES AND UNIVERSITIES. THE STEVE FUND LAUNCHED A COHORT WITH 11 NEW CAMPUSES TO IMPLEMENT THE EMHF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tia Dole Executive Director | Officer | 40 | $214,986 |
Evan M Rose President | OfficerTrustee | 1 | $0 |
Stephanie Bell-Rose Vice President | OfficerTrustee | 1 | $0 |
Ken Jones Treasurer | OfficerTrustee | 1 | $0 |
Dr Christopher Rose Secretary | OfficerTrustee | 1 | $0 |
Valerie D Bell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scientific Brands See Schedule O | 12/30/22 | $447,661 |
Sandra Timmons Strategy,board Educ.&develop. | 12/30/22 | $141,000 |
Jeanne Contardo Prog.design&implementation | 12/30/22 | $150,325 |
Diedra Dain Partnership Design&implementation | 12/30/22 | $138,871 |
Anuja Khemka Workforce Transition Init. Prgm. | 12/30/22 | $135,300 |
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 | $9,792,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,792,794 |
| Total Program Service Revenue | $541,338 |
| Investment income | $4,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,339,409 |
| 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. | $214,986 |
| Compensation of current officers, directors, key employees. | $22,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $560,096 |
| Pension plan accruals and contributions | $6,842 |
| Other employee benefits | $68,250 |
| Payroll taxes | $67,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,818 |
| Fees for services: Accounting | $183,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $119,356 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,084,551 |
| Advertising and promotion | $0 |
| Office expenses | $41,423 |
| Information technology | $159,844 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $562 |
| Insurance | $0 |
| All other expenses | $71,164 |
| Total functional expenses | $5,255,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,885,363 |
| Savings and temporary cash investments | $2,295,070 |
| Pledges and grants receivable | $486,737 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,867 |
| Net Land, buildings, and equipment | $9,115 |
| Investments—publicly traded securities | $5,020,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,714,222 |
| Accounts payable and accrued expenses | $493,166 |
| Grants payable | $0 |
| Deferred revenue | $4,592,425 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $5,085,591 |
| Net assets without donor restrictions | $6,628,631 |
| 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 | $11,714,222 |