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Nonprofiteer
← STEPHEN C ROSE LEGACY FOUNDATION

Form 990 for tax year 2024

Filed by STEPHEN C ROSE LEGACY FOUNDATION.

Totals

Total revenue
$5,579,124
Total expenses
$4,500,591
Contributions and grants received
$4,747,830
Grants paid
$0
Program service revenue
$359,550
Investment income
$471,744
Other revenue
$0
Total assets, end of year
$13,879,931
Total liabilities, end of year
$2,712,197
Net assets or fund balances, end of year
$11,167,734
Program services expenses (Part IX)
$3,511,322
Management and general expenses
$873,199
Fundraising expenses
$116,070
Program service expenses (Part III)
$3,511,322

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • EVAN M ROSE

    CO CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE BELL-ROSE

    CO-CHAIR THRU 8/9/24

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE BELL-ROSE

    PRESIDENT AS OF 8/9/24

    Total calculated
    $0
    Hours/week
    40

  • MICHAEL OWENS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR CHRISTOPHER ROSE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GORDON BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELANIE BELL-MAYEDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VALERIE D BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BYRON CLIFT BRELAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR DOZENE GUISHARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR DAVID HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR JACQUELINE LONNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR CARLOTA OCAMPO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXANDRA WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID MCGHEE

    EXECUTIVE DIRECTOR THRU 8/9/24

    Total calculated
    $197,372
    From this org
    $197,372
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,578
    Bonus
    $0
    Other
    $35,794
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $197,372

  • JANET WORMACK

    COO/CFO

    Total calculated
    $146,273
    From this org
    $146,273
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
SEVERANCE DISCLOSURE. THE ORGANIZATION HEREBY AFFIRMS AND DISCLOSES THAT, PURSUANT TO A WRITTEN SEPARATION AND RELEASE AGREEMENT, IT AGREED TO PAY AND HAS PAID, ITS FORMER PRESIDENT (THE "FORMER PRESIDENT"), A ONE-TIME, LUMP-SUM SEVERANCE PAYMENT IN THE TOTAL GROSS AMOUNT OF THIRTY-FIVE THOUSAND SEVEN HUNDRED NINETY-FOUR DOLLARS AND TWENTY-SIX CENTS (US $35,794.26), UPON THEIR DEPARTURE FROM THE ORGANIZATION. IN CONNECTION WITH THE SEPARATION OF FORMER CEO DAVID MCGHEE FROM THE ORGANIZATION, THE BOARD OF DIRECTORS APPROVED A PAYMENT OF $35,794.00. THE PAYMENT, WHICH IS EQUIVALENT TO SEVEN WEEKS OF THE EXECUTIVE'S SALARY, WAS PROVIDED TO COVER A BRIEF PERIOD OF TRANSITION FOR THE EXECUTIVE, AND WITHOUT ADVERSELY AFFECTING THE ORGANIZATION'S PROGRAMMATIC COMMITMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 September 2025
IRS schema version
2024v5.2
Source object
202503039349302035

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