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← RSA FOUNDATION

Form 990 for tax year 2023

Filed by RSA FOUNDATION.

Totals

Total revenue
$3,161,195
Total expenses
$3,091,278
Contributions and grants received
$264,603
Grants paid
$248,133
Program service revenue
$2,830,266
Investment income
-$5,724
Other revenue
$72,050
Total assets, end of year
$2,116,681
Total liabilities, end of year
$932,462
Net assets or fund balances, end of year
$1,184,219
Program services expenses (Part IX)
$2,831,051
Management and general expenses
$260,227
Fundraising expenses
$0
Program service expenses (Part III)
$2,831,051

Program services were 91.6% 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

    $264,603

  • 2a · Program service revenue: RESTAURANT/CAFE/CATERING

    total $1,664,107 · related or exempt $1,664,107

  • 2b · Program service revenue: HOME HUB PROGRAM

    total $1,166,159 · related or exempt $1,166,159

  • 7a · Gross sales of assets other than inventory

    securities $22,000

  • 7b · Less cost or other basis and sales expenses

    securities $27,724

  • 7c · Gain or loss

    securities -$5,724

  • 7d · Net gain or loss

    total -$5,724 · related or exempt -$5,724

  • 8a · Fundraising events: gross income

    $39,977

  • 8b · Fundraising events: direct expenses

    $20,318

  • 8c · Net income from fundraising events

    total $19,659

  • 11a · Other revenue: OTHER

    total $52,391 · related or exempt $52,391

  • 11e · Other revenue, total

    $52,391

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,133 · program services $248,133

  • 7 · Other salaries and wages

    total $831,883 · program services $831,883

  • 9 · Other employee benefits

    total $125,204 · program services $125,204

  • 10 · Payroll taxes

    total $302,461 · program services $302,461

  • 11b · Fees: legal

    total $8,918 · management and general $8,918

  • 11c · Fees: accounting

    total $14,134 · management and general $14,134

  • 11g · Fees: other

    total $60,500 · program services $60,500

  • 12 · Advertising and promotion

    total $60,637 · management and general $60,637

  • 16 · Occupancy

    total $59,078 · program services $25,902 · management and general $33,176

  • 17 · Travel

    total $59,635 · management and general $59,635

  • 22 · Depreciation, depletion and amortization

    total $134,904 · program services $134,904

  • 23 · Insurance

    total $33,603 · management and general $33,603

  • 24a · Other expenses: FOOD AND BEVERAGE

    total $822,259 · program services $822,259

  • 24b · Other expenses: SUPPLIES

    total $222,679 · program services $222,679

  • 24c · Other expenses: EQUIP RENTAL AND MAINT

    total $57,126 · program services $57,126

  • 24d · Other expenses: MISCELLANEOUS

    total $25,003 · management and general $25,003

  • 24e · All other expenses

    total $25,121 · management and general $25,121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $311,765 · end of year $313,209

  • 2 · Savings and temporary cash investments

    beginning of year $350,000 · end of year $250,000

  • 4 · Accounts receivable

    beginning of year $190,792 · end of year $159,313

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,967

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

    $1,225,332

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

    $339,992

  • 10c · Land, buildings and equipment, net

    beginning of year $629,942 · end of year $885,340

  • 15 · Other assets

    beginning of year $88 · end of year $508,819

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,020 · end of year $137,611

  • 23 · Secured mortgages and notes payable

    beginning of year $25,000 · end of year $25,000

  • 24 · Unsecured notes and loans payable

    beginning of year $215,232 · end of year $258,439

  • 25 · Other liabilities

    end of year $511,412

  • 27 · Net assets without donor restrictions

    beginning of year $1,114,302 · end of year $1,184,219

Mission and programs · 2023

Mission

TO OPERATE FOR THE BENEFIT OF, AND TO PERFORM THE FUNCTIONS OF, THE RISING STARS ACADEMY, A MICHIGAN PUBLIC SCHOOL ACADEMY, BY RECEIVING, ADMINISTRATING AND DISTRIBUTING FUNDS FOR THE BENEFIT OF THE RISING STARS ACADEMY. THE RISING STARS ACADEMY IS A PUBLIC SCHOOL FOR STUDENTS AGES 18- 26 WITH SPECIAL NEEDS PROVIDING A UNIQUE CURRICULUM, WITH AN EMPHASIS IN CULINARY ARTS AND FOOD SERVICE THAT PROMOTES EDUCATION, HANDS-ON EXPERIENCE AND PERSONAL GROWTH TO PREPARE STUDENTS FOR FUTURE GAINFUL EMPLOYMENT IN THE CULINARY ARTS AND OTHER FIELDS. IN ADDITION, THE FOUNDATION ALSO SUPPORTS AND PROVIDES JOB SKILL TRAINING SERVICES AND PROGRAMS FOR INDIVIDUALS AGES 26 AND OLDER WHO HAVE PHYSICAL, SOCIAL OR COGNITIVE LIMITATIONS IN ORDER TO DEVELOP THEIR SKILLS TO LEAD TO A LIFE AS PRODUCTIVE AND SELF-FULFILLING AS THEIR CONDITION WILL ALLOW. THE PROGRAMS PROVIDED BY THE FOUNDATION PRIMARILY CONSIST OF COGNITIVE SERVICES AND WORK SKILLS TRAINING FOR PERSONS WITH BARRIERS TO EMPLOYMENT WHO REQUIRE O

  • JOB SKILL TRAINING PROGRAM FUNDED BY THE MACOMB COUNTY COMMUNITY MENTAL HEALTH AGENCY FOR INDIVIDUALS WITH PHYSICAL, SOCIAL OR COGNITIVE LIMITATIONS TO DEVELOP THEIR SKILLS FOR FUTURE GAINFUL EMPLOYMENT.

    Expenses $1,273,973 · Revenue $1,650,700

  • RESTAURANT/BAKERY/CATERING OPERATION PROVIDING JOB SKILLS TRAINING TO STUDENTS ATTENDING THE RISING STARS ACADEMY, A MICHIGAN PUBLIC SCHOOL ACADEMY. THE RISING STARS ACADEMY IS A PUBLIC SCHOOL FOR STUDENTS AGES 18- 26 WITH SPECIAL NEEDS PROVIDING A UNIQUE CURRICULUM, WITH AN EMPHASIS IN CULINARY ARTS AND OTHER FOOD SERVICE OCCUPATIONS TO PREPARE STUDENTS FOR FUTURE GAINFUL EMPLOYMENT.

    Expenses $1,557,078 · Grants $228,534 · Revenue $1,463,828

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Prentiss

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20
  • David Winowiecki

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    10
  • Angie Malburg

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • Christine Skruba

    SECRETARY

    Total calculated
    $0
    Hours/week
    10
  • Deborah Prentiss

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    1

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

  • RISING STARS ACADEMY

    $248,133

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • RSA JOB SKILLS TRAINING PROGRAM L3

    JOB TRAINI · MI

    Directly controlled by RSA FOUNDA

  • RSA ROSEVILLE JOB SKILL TRAINING PR

    JOB TRAINI · MI

    Directly controlled by RSA FOUNDA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RSA JOB SKILLS TRAINING PROGRAM LC

    JOB TRAINI · MI · income $150,233

    Directly controlled by RSA FOUNDA

  • RSA ROSEVILLE JOB SKILLS TRAINING

    JOB TRAINI · MI · income $23,604

    Directly controlled by RSA FOUNDA

Provenance

Return type
form_990
Tax year
2023
Filed
12 December 2024
IRS schema version
2023v5.0
Source object
202413479349301711

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