Milestone Rocvale Foundation
- Assets
- $14.0m
- Revenue
- $391.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 36-3223946
Organization Overview
Milestone Rocvale Foundation is located in Rockford, IL. The organization was established in 1983. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milestone Rocvale Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Milestone Rocvale Foundation generated $391.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $289.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milestone Rocvale Foundation has awarded 13 individual grants totaling $5,823,332. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE CARE FACILITIES FOR DEVELOPMNETALLY DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Patrick Chairperson | OfficerTrustee | 1 | $0 |
James Hamilton CEO | OfficerTrustee | 1 | $0 |
Patrick Agnew President | OfficerTrustee | 1 | $0 |
Leonard Hill Director | Trustee | 1 | $0 |
David Raht Gallagher Director | Trustee | 1 | $0 |
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 | $20,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,825 |
| Total Program Service Revenue | $0 |
| Investment income | $370,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,600 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,487 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,194 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,168 |
| All other expenses | $15 |
| Total functional expenses | $289,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,581 |
| Savings and temporary cash investments | $49,321 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,792,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,102,650 |
| Total assets | $13,975,588 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,171 |
| 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 | $0 |
| Total liabilities | $5,171 |
| Net assets without donor restrictions | $10,024,158 |
| Net assets with donor restrictions | $3,946,259 |
| 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 | $13,975,588 |
Grants Awarded
Over the last fiscal year, Milestone Rocvale Foundation has awarded $1,717,406 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MILESTONE INC PURPOSE: DISABLED INDIV CARE | $565,371 |
MILESTONE INC PURPOSE: DISABLED INDIV CARE | $565,371 |
MILESTONE INC PURPOSE: GENERAL SUPPORT | $293,332 |
MILESTONE INC PURPOSE: GENERAL SUPPORT | $293,332 |
Endowment Analysis
| Beg. Balance | $1,873,035 |
| Earnings | -$228,883 |
| Ending Balance | $1,644,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Metropolitan Chicago Inc Chicago, IL | $52,933,837 | $63,344,234 |
Easter Seals Inc Chicago, IL | $42,430,356 | $63,436,744 |
Rehabilitation Hospital Of Indiana Inc Indianapolis, IN | $33,903,801 | $47,733,425 |
Anthony Wayne Rehabilitation Center For Handicapped & Blind Fort Wayne, IN | $35,673,589 | $47,181,775 |
The Bleeding And Clotting Disorders Institute Peoria, IL | $23,778,045 | $34,385,899 |
Southeastern Kentucky Rehabilitation Industries Inc Corbin, KY | $28,420,684 | $26,543,661 |
Childserve Habilitation Center Inc Johnston, IA | $49,396,260 | $29,761,825 |
Crossroads Rehabilitation Center Inc Indianapolis, IN | $48,026,427 | $26,710,244 |
Easter Seals Rehabilitation Center Inc Evansville, IN | $16,503,144 | $18,998,640 |
Tradewinds Services Inc Merrillville, IN | $15,998,577 | $14,758,971 |
Easter Seal Society Of Iowa Inc Des Moines, IA | $17,196,874 | $13,866,049 |
Macon Resources Inc Decatur, IL | $25,094,647 | $13,837,379 |