ROSA L PARKS SCHOLARSHIP FOUNDATION INC

EIN: 382339613 501(c)(3) Education

WHITE LAKE, MI

Total Revenue
$168,500
Total Expenses
$126,552
Total Assets
$325,572
Net Assets
$325,572
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MI
Principal Officer
JAMES ROSENFELD
Phone
7342775922
Tax Period
2024-05-01 to 2025-04-30

ROSA L PARKS SCHOLARSHIP FOUNDATION INC, founded in 1981, is a small nonprofit in the Education sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 25% operating margin.

Mission

THE ROSA PARKS FOUNDATION, INC. (THE FOUNDATION) WAS ESTABLISHED IN 1981 AS A MICHIGAN NOT-FOR-PROFIT CORPORATION. ITS PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR GRANTING ANNUAL SCHOLARSHIPS TO GRADUATES OF MICHIGAN HIGH SCHOOLS WHO HAVE SHOWN SUPERIOR ACADEMIC SKILLS, OUTSTANDNG LEADERSHIP ABILITY AND INVOLVEMENT IN COMMUNITY SERVICE AND SCHOOL ACTIVITIES. THE FOUNDATION ALSO SUPPORTS AN INTERNSHIP PROGRAM AT THE DETROIT NEWS FOR SCHOLARSHIP AWARDEES INTERESTED IN JOURNALISM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $168,493
Program Service Revenue $0
Investment Income $7
Other Revenue $0
TOTAL REVENUE $168,500

Expense Breakdown

Grants Paid $67,590
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,463
Other Expenses $58,962
TOTAL EXPENSES $126,552

Year-over-Year Comparison

2024 2023 Change
Revenue $168,500 $212,997 -0.2%
Expenses $126,552 $153,992 -0.2%
Net Income $41,948 $59,005 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ROSENFELD PRESIDENT 2.00
Officer Director
$0 $0 $0
WALTER MIDDLEBROOK VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARCIA HART SECRETARY 4.00
Officer Director
$0 $0 $0
TERRI BARNETT COLEMAN TREASURER 4.00
Officer Director
$0 $0 $0
DOROTHY COCROFT ASST. SECRETARY 4.00
Officer Director
$0 $0 $0
BENITA MILLER ASST. TREASURER 4.00
Officer Director
$0 $0 $0
JON GOLDSTEIN TRUSTEE 2.00
Director
$0 $0 $0
DELORA HALL TYLER TRUSTEE 2.00
Director
$0 $0 $0
LUTHER KEITH TRUSTEE 2.00
Director
$0 $0 $0
DANIELLE MCGUIRE TRUSTEE 2.00
Director
$0 $0 $0
ISAIAH MCKINNON TRUSTEE 2.00
Director
$0 $0 $0
GARY MILES TRUSTEE 2.00
Director
$0 $0 $0
ALICIA NAILS TRUSTEE 2.00
Director
$0 $0 $0
SHERIDA DUBOSE PARSONS TRUSTEE 2.00
Director
$0 $0 $0
ROBIN SCHWARTZ TRUSTEE 2.00
Director
$0 $0 $0
BARBARA K SMITH TRUSTEE 2.00
Director
$0 $0 $0
ERIC THEDFORD TRUSTEE 2.00
Director
$0 $0 $0
ROBERT THOMAS TRUSTEE 2.00
Director
$0 $0 $0
KIM TRENT PAST PRESIDENT 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $168,500 $126,552 $325,572 $41,948
2024 $212,997 $153,992 $283,624 $59,005
2021 $271,654 $104,754 $203,493 $166,900
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