Rsa Foundation
- Assets
- $2.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 89
- Location
- Center Line, MI
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-0834143
Organization Overview
Rsa Foundation is located in Center Line, MI. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Rsa Foundation employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rsa 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 12/2023, Rsa Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 44.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Prentiss President | OfficerTrustee | 20 | $0 |
David Winowiecki Vice Preside | OfficerTrustee | 10 | $0 |
Angie Malburg Treasurer | OfficerTrustee | 10 | $0 |
Christine Skruba Secretary | OfficerTrustee | 10 | $0 |
Deborah Prentiss Executive Di | 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 | $264,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,603 |
| Total Program Service Revenue | $2,830,266 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,724 |
| Net Income from Fundraising Events | $19,659 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,161,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,133 |
| 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 | $831,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,204 |
| Payroll taxes | $302,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,918 |
| Fees for services: Accounting | $14,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,500 |
| Advertising and promotion | $60,637 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,078 |
| Travel | $59,635 |
| 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 | $134,904 |
| Insurance | $33,603 |
| All other expenses | $25,121 |
| Total functional expenses | $3,091,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,209 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,313 |
| 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 | $885,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $508,819 |
| Total assets | $2,116,681 |
| Accounts payable and accrued expenses | $137,611 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,000 |
| Unsecured mortgages and notes payable | $258,439 |
| Other liabilities | $511,412 |
| Total liabilities | $932,462 |
| Net assets without donor restrictions | $1,184,219 |
| Net assets with donor restrictions | $0 |
| 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 | $2,116,681 |