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Nonprofiteer
← THE ROSEWOOD INITIATIVE

Form 990 for tax year 2023

Filed by THE ROSEWOOD INITIATIVE.

Totals

Total revenue
$3,382,972
Total expenses
$1,177,851
Contributions and grants received
$3,209,203
Grants paid
$48,750
Program service revenue
$131,223
Investment income
$0
Other revenue
$42,546
Total assets, end of year
$5,397,631
Total liabilities, end of year
$326,475
Net assets or fund balances, end of year
$5,071,156
Program services expenses (Part IX)
$1,034,662
Management and general expenses
$60,818
Fundraising expenses
$82,371
Program service expenses (Part III)
$1,034,662

Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,209,203

  • 1g · Noncash contributions included above

    $53,888

  • 2a · Program service revenue: Community Services

    total $120,932 · related or exempt $120,932

  • 2b · Program service revenue: Community Facilities

    total $10,291 · related or exempt $10,291

  • 8a · Fundraising events: gross income

    $20,682

  • 8b · Fundraising events: direct expenses

    $7,617

  • 8c · Net income from fundraising events

    total $13,065 · excluded $13,065

  • 11a · Other revenue: Miscellaneous

    total $29,481 · related or exempt $29,481

  • 11e · Other revenue, total

    $29,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,750 · program services $48,750

  • 5 · Compensation of officers, directors and key employees

    total $97,993 · program services $88,325 · management and general $2,713 · fundraising $6,955

  • 7 · Other salaries and wages

    total $519,578 · program services $468,313 · management and general $14,386 · fundraising $36,879

  • 8 · Pension plan contributions

    total $1,709 · program services $1,540 · management and general $47 · fundraising $122

  • 9 · Other employee benefits

    total $44,383 · program services $40,004 · management and general $1,229 · fundraising $3,150

  • 10 · Payroll taxes

    total $53,666 · program services $48,371 · management and general $1,486 · fundraising $3,809

  • 11b · Fees: legal

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $21,600 · management and general $21,600

  • 11g · Fees: other

    total $92,740 · program services $65,450 · management and general $13,074 · fundraising $14,216

  • 12 · Advertising and promotion

    total $3,487 · program services $2,837 · management and general $59 · fundraising $591

  • 13 · Office expenses

    total $22,462 · program services $19,277 · management and general $964 · fundraising $2,221

  • 16 · Occupancy

    total $126,101 · program services $117,274 · management and general $1,261 · fundraising $7,566

  • 17 · Travel

    total $1,745 · program services $32 · management and general $1,713

  • 19 · Conferences, conventions and meetings

    total $22,077 · program services $21,941 · management and general $22 · fundraising $114

  • 22 · Depreciation, depletion and amortization

    total $4,358 · program services $4,049 · management and general $67 · fundraising $242

  • 23 · Insurance

    total $15,193 · program services $14,074 · management and general $262 · fundraising $857

  • 24a · Other expenses: Program Supplies

    total $90,968 · program services $85,246 · management and general $103 · fundraising $5,619

  • 24b · Other expenses: Miscellaneous

    total $10,041 · program services $9,179 · management and general $832 · fundraising $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,768,128 · end of year $2,549,852

  • 4 · Accounts receivable

    beginning of year $92,954 · end of year $2,582,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,879 · end of year $22,000

  • 10a · Land, buildings and equipment: cost or other basis

    $14,195

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,310

  • 10c · Land, buildings and equipment, net

    beginning of year $11,242 · end of year $6,885

  • 15 · Other assets

    beginning of year $282,346 · end of year $236,490

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,168 · end of year $72,463

  • 25 · Other liabilities

    beginning of year $282,346 · end of year $254,012

  • 27 · Net assets without donor restrictions

    beginning of year $717,214 · end of year $436,196

  • 28 · Net assets with donor restrictions

    beginning of year $2,148,821 · end of year $4,634,960

Mission and programs · 2023

Mission

Building a safe, healthy and vibrant community where neighbors can thrive together.

  • As a community anchor, we fostered community building and continued to be a resource hub for East Portlanders most impacted by systemic exclusion. We strived to improve access to support systems that foster economic stability and upward mobility, health and wellness, and community resilience across East Portland neighborhoods. Our programming includes monthly resource fairs, placemaking events, skill building workshops and cross-cultural celebrations. In addition to our resource naviagation and distribution, we have effectively worked to engage, empower, and uplift community members through outreach and engagement initiatives that address pressing community needs by collaboratiing with decision-making entities to promote educational opportunities and strengthen social cohesion.

    Expenses $1,034,662 · Grants $48,750 · Revenue $131,223

As filed on the 2023 return.

Listed in Part VII

  • Sabrina Wilson

    Executive Director

    Total calculated
    $101,435
    From this org
    $97,993
    From related orgs
    $0
    Other
    $3,442
    Hours/week
    40

  • LA Walker

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Georgia West

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jonah Gjertson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sharon Thomas Hinds

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Anne Castleton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Aja McLeggan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Castro

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Adrienne Enriquez

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Nancy Molina

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Ginger Damron

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Malia Pham

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
4 September 2024
IRS schema version
2023v5.1
Source object
202402489349301320

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