THE STEPHEN C ROSE LEGACY FOUNDATION Charity Report

Public IRS 990 nonprofit record

THE STEPHEN C ROSE LEGACY FOUNDATION

EIN 47-4730275 · Personal Social Services (P50)

What they do

THE STEPHEN C. ROSE LEGACY FOUNDATION (THE FOUNDATION), DOING BUSINESS AS THE STEVE FUND, A NONPROFIT ORGANIZATION, WAS INCORPORATED ON JULY 22, 2015. THE FOUNDATION is A LEADING NATIONAL ORGANIZATION FOCUSED ON SUPPORTING THE MENTAL HEALTH and EMOTIONAL WELL-BEING of YOUNG PEOPLE. THE STEVE FUNDS MISSION is to PROMOTE THE MENTAL HEALTH and EMOTIONAL WELLBEING of UNDERSERVED YOUNG PEOPLE AS THEY TRANSITION FROM ADOLESCENCE INTO HIGHER EDUCATION, THROUGHOUT THEIR HIGHER EDUCATION EXPERIENCE, and AS THEY TRANSITION INTO THE WORKFORCE SO THEY CAN ATTAIN PERSONAL, ACADEMIC, and CAREER SUCCESS and ACHIEVE THEIR FULL POTENTIAL. THE STEVE FUND WORKS WITH COLLEGES and UNIVERSITIES, NONPROFITS, 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 NATIONS UNDERSERVED YOUNG PEOPLE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

62.94%of revenue went to mission work78.0% of expenses · Program services

2.08%of revenue went to fundraising2.6% of expenses

$80.67spent for every $100 of revenueRevenue covered expenses this year.

15.65%of revenue went to management and office costs19.4% of expenses

$3.08in assets for every $1 spent this yearSome assets cannot be spent right away.

85.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $197,372 for DAVID MCGHEE (EXECUTIVE DIRECTOR THRU 8/9/24). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,579,124

Mission workProgram services$3,511,32262.94% of revenue78.0% of expenses

ManagementOffice and general costs$873,19915.65% of revenue19.4% of expenses

FundraisingAsking for donations$116,0702.08% of revenue2.6% of expenses

Revenue left after expensesReported annual surplus$1,078,53319.33% of revenueShown in gray on the chart

Total expenses$4,500,59180.67% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.0% mission · 19.4% management · 2.6% fundraisingTotal expenses: 80.67% of revenue

2023Expense mix: 80.6% mission · 16.9% management · 2.5% fundraisingTotal expenses: 60.16% of revenue

2022Expense mix: 85.3% mission · 10.7% management · 4.0% fundraisingTotal expenses: 50.83% of revenue

2021Expense mix: 77.7% mission · 16.8% management · 5.5% fundraisingTotal expenses: 67.71% of revenue

2020Expense mix: 78.3% mission · 13.5% management · 8.2% fundraisingTotal expenses: 109.30% of revenue

2019Expense mix: 77.9% mission · 10.5% management · 11.6% fundraisingTotal expenses: 93.40% of revenue

2018Expense mix: 86.7% mission · 10.3% management · 3.0% fundraisingTotal expenses: 92.50% of revenue

2017Expense mix: 87.6% mission · 11.2% management · 1.2% fundraisingTotal expenses: 88.72% of revenue

Money in and money out

Revenue$5,579,124

Expenses$4,500,591

Annual surplus $1,078,533 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,511,322 · 78.0% of expenses

Management and office costs$873,199 · 19.4% of expenses

Fundraising$116,070 · 2.6% of expenses

See all reported dollar amounts

Revenue$5,579,124

Expenses$4,500,591

Assets$13,879,931

Income$5,579,124

Contributions$4,747,830

Mission work (program services)$3,511,322

Fundraising$116,070

Management and general$873,199

Stocks and bonds$12,041,402

Accounting fees$209,752

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID MCGHEEEXECUTIVE DIRECTOR THRU 8/9/24 · 40 hrs/week $197,372

JANET WORMACKCOO/CFO · 40 hrs/week $146,273

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

DAVID MCGHEEEXECUTIVE DIRECTOR THRU 8/9/24

JANET WORMACKCOO/CFO

ALEXANDRA WILLIAMSDIRECTOR

BYRON CLIFT BRELANDDIRECTOR

DR CARLOTA OCAMPODIRECTOR

DR CHRISTOPHER ROSESECRETARY

DR DAVID HENDERSONDIRECTOR

DR DOZENE GUISHARDDIRECTOR

DR JACQUELINE LONNEYDIRECTOR

EVAN M ROSECO CHAIR

GORDON BELLDIRECTOR

MELANIE BELL-MAYEDADIRECTOR

MICHAEL OWENSTREASURER

STEPHANIE BELL-ROSEPRESIDENT AS OF 8/9/24

VALERIE D BELLDIRECTOR

About this charity

Recognized since: January 2016
Location: 3470 OLNEY-LAYTONSVILLE ROAD 313, OLNEY, MD 20832
County: Montgomery
In care of: DR JANET WORMACK
Primary officer: DR JANET WORMACK, CFO/COO

How to reach them

WebsiteVisit the charity’s website Phone(571) 560-6614

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MCKONLY & ASBURY LLP
NTEE classification: Personal Social Services (P50)
IRS tax category: Personal Social Services