Rose Hills Foundation
- Assets
- $511.7m
- Revenue
- $15.4m
- Investments
- $426.1m
- Employees
- 7
- Location
- Pasadena, CA
- Founding
- 03/1977
- Data as of
- 12/2020
- EIN
- 95-1637466
Organization Overview
Rose Hills Foundation is located in Pasadena, CA. The organization was established in 1977. According to its NTEE Classification (Y50) the organization is classified as: Cemeteries, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2020, Rose Hills Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose Hills Foundation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Rose Hills Foundation generated $15.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $26.9m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Rose Hills Foundation has awarded 1,524 individual grants totaling $114,755,017. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT QUALIFIED TAX-EXEMPT CHARITABLE ORGANIZATIONS WHICH PROMOTE THE WELFARE OF HUMANKIND, FOR THE BENEFIT OF PEOPLE IN SOUTHERN CALIFORNIA WITH EMPHASIS ON THE SAN GABRIEL VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT QUALIFIED TAX-EXEMPT CHARITABLE ORGANIZATIONS WHICH PROMOTE THE WELFARE OF HUMANKIND, FOR THE BENEFIT OF PEOPLE IN SOUTHERN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Rogers President, Ceo, Treasurer | OfficerTrustee | 37.5 | $450,000 |
Rebecca Newman Senior Program Officer | 37.5 | $154,200 | |
Ingrid Hillebrand Grants And Office Manager | 37.5 | $147,000 | |
Karli Baumgardner Program Officer | 37.5 | $132,200 | |
Heeung P Jo Financial Analyst | 37.5 | $126,000 | |
James G Ellis Chairman | OfficerTrustee | 5 | $45,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Investment Management | 12/30/20 | $915,374 |
Northern Trust Investment Management | 12/30/20 | $207,567 |
Wellington Trust Company Investment Management | 12/30/20 | $112,899 |
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 | $0 |
| Investment income | $3,397,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,350,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,435,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,449,587 |
| 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. | $1,203,229 |
| Compensation of current officers, directors, key employees. | $468,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,333 |
| Pension plan accruals and contributions | $194,368 |
| Other employee benefits | $12,597 |
| Payroll taxes | $71,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,224 |
| Fees for services: Accounting | $114,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,882 |
| Advertising and promotion | $0 |
| Office expenses | $26,262 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,410 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,864 |
| Insurance | $231,849 |
| All other expenses | $32,984 |
| Total functional expenses | $26,869,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,162,920 |
| Pledges and grants receivable | $0 |
| 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 | $21,059 |
| Net Land, buildings, and equipment | $25,300 |
| Investments—publicly traded securities | $71,267,393 |
| Investments—other securities | $426,124,190 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,789 |
| Total assets | $511,695,651 |
| Accounts payable and accrued expenses | $165,211 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $177,245 |
| Total liabilities | $342,456 |
| Net assets without donor restrictions | $511,353,195 |
| 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 | $511,695,651 |
Grants Awarded
Over the last fiscal year, Rose Hills Foundation has awarded $24,426,418 in support to 349 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: CAPITAL SUPPORT | $1,000,000 |
Malibu, CA PURPOSE: CAPITAL SUPPORT | $787,000 |
Los Angeles, CA PURPOSE: CAPITAL SUPPORT | $500,000 |
Los Angeles, CA PURPOSE: CAPITAL SUPPORT | $500,000 |
Los Angeles, CA PURPOSE: CAPITAL SUPPORT | $480,000 |
Berkeley, CA PURPOSE: FINANCIAL AID | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rose Hills Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Caleel Foundation Inc Oak Brook, IL PURPOSE: FUND OPERATIONS OF THE ORGANIZATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inglewood Park Cemetery Inglewood, CA | $130,344,376 | $67,506,169 |
Cypress Lawn Cemetery Association Colma, CA | $271,815,247 | $52,584,016 |
Archdiocese Of Los Angeles Funeral And Mortuary Services Corporation Los Angeles, CA | $30,136,780 | $29,345,768 |
Rose Hills Foundation Pasadena, CA | $511,695,651 | $15,435,772 |
Mountain View Cemetery Association Oakland, CA | $150,729,541 | $26,488,070 |
Oakwood Cemetery Assoc Of Los Angeles Chatsworth, CA | $32,333,790 | $4,712,167 |
Ivy Lawn Memorial Park & Funeral Home Ventura, CA | $29,284,891 | $5,901,568 |
Lone Tree Cemetery Association Hayward, CA | $25,265,393 | $4,472,728 |
Ontario Cementery Association Ontario, CA | $21,743,394 | $5,156,928 |
River View Cemetery Association Of Portland Portland, OR | $46,544,282 | $5,064,773 |
Oahu Cemetery Association Honolulu, HI | $5,077,744 | $2,543,708 |
Turlock Cemetery Association Turlock, CA | $28,654,901 | $5,486,142 |