Francis P & Nell A Rhoades Memorial Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Francis P & Nell A Rhoades Memorial Foundation is a 501(c)(3) organization based in Troy, Michigan, registered in 1966, with $32,291 in FY2023 revenue. CharityIndex grades it F.
2250 Butterfield Dr Ste 220, Troy, MI, 48084 EIN 38-6108728 Since 1966
Revenue (FY2023)
$32K
▼ 14.2% vs prior year
Expenses (FY2023)
$65K
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Francis P & Nell A Rhoades Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating217 mo reserves · -100% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Francis P & Nell A Rhoades Memorial Foundation: 217 mo reserves · -100% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Francis P & Nell A Rhoades Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Francis P & Nell A Rhoades Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $568K (FY2013) to $32K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $1.2M
Operating margin
-100.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$0
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $32,291▼14.2% | $64,685▼16.7% | $1,167,914▲10.7% | $1,167,914▲10.7% | 990PF |
| 2022 | $37,652▼51.1% | $77,686▲6.9% | $1,055,466▼19.9% | $1,055,466▼19.9% | 990PF |
| 2021 | $76,932▲449% | $72,650▼9.6% | $1,318,125▲10.1% | $1,318,125▲10.1% | 990PF |
| 2020 | $14,019▼60.9% | $80,394▲0.6% | $1,197,750▲1.0% | $1,197,750▲1.0% | 990PF |
| 2019 | $35,840▼65.0% | $79,883▼1.3% | $1,186,106▲9.7% | $1,186,106▲9.7% | 990PF |
| 2018 | $102,386▲34.2% | $80,946▲4.2% | $1,081,113▼12.9% | $1,081,113▼12.9% | 990PF |
| 2017 | $76,281▲119% | $77,693▲1.4% | $1,241,119▲6.7% | $1,241,119▲6.7% | 990PF |
| 2016 | $34,790▲5.4% | $76,654▼0.8% | $1,163,161▼0.6% | $1,163,161▼0.6% | 990PF |
| 2015 | $32,996▼84.2% | $77,254▲19.7% | $1,170,185▼7.5% | $1,170,185▼7.5% | 990PF |
| 2014 | $208,554▼63.3% | $64,522▲98.8% | $1,265,167▲11.0% | $1,265,167▲11.0% | 990PF |
| 2013 | $567,700 | $32,458▲30.1% | $1,139,518▲115% | $1,139,518▲115% | 990PF |
| 2012 | — | $24,948▲5.7% | $530,527▲5.9% | $530,527▲5.9% | 990PF |
| 2011 | — | $23,598▼19.2% | $501,048▼4.2% | $501,048▼4.2% | 990PF |
| 2010 | — | $29,210 | $523,043 | $523,043 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Francis P & Nell A Rhoades Memorial Foundation a legitimate nonprofit?
- Yes. Francis P & Nell A Rhoades Memorial Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-6108728, based in Troy, Michigan. Donations are tax-deductible.
- What is Francis P & Nell A Rhoades Memorial Foundation's EIN?
- Francis P & Nell A Rhoades Memorial Foundation's Employer Identification Number (EIN) is 38-6108728.
- How much revenue does Francis P & Nell A Rhoades Memorial Foundation report?
- Francis P & Nell A Rhoades Memorial Foundation reported $32,291 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Francis P & Nell A Rhoades Memorial Foundation have?
- CharityIndex grades Francis P & Nell A Rhoades Memorial Foundation F, based on financial health (reserves and operating margin).
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Data for Francis P & Nell A Rhoades Memorial Foundation (EIN 38-6108728) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.