Civic Intelligence

Rowen Foundation Inc.

990 • Fiscal year 2020 • EIN 85-3049933

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 05, 2021

279 West Crogan StreetLawrenceville, GA 30046

(404) 821-0638

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

11410.64x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Source year 2020

Net Margin

1st percentile

-5379%

Higher net margin than 1% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • $50M-$100M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$68,504,515

No earlier filing loaded for comparison.

Net Assets

-$324,468

No earlier filing loaded for comparison.

Liabilities

$68,828,983

No earlier filing loaded for comparison.

Revenue

$6,032

No earlier filing loaded for comparison.

Expenses

$330,500

No earlier filing loaded for comparison.

Net Income

-$324,468

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0-$50MAssets 2020: $68,504,515Liabilities 2020: $68,828,983Net Assets 2020: -$324,4682020Assets 2021: $75,583,362Liabilities 2021: $79,271,552Net Assets 2021: -$3,688,1902021Assets 2022: $79,016,659Liabilities 2022: $84,921,552Net Assets 2022: -$5,904,8932022Assets 2023: $90,848,661Liabilities 2023: $99,373,684Net Assets 2023: -$8,525,0232023Assets 2024: $100,017,980Liabilities 2024: $112,302,983Net Assets 2024: -$12,285,0032024

Highlighted filing

2020

Assets$68,504,515
Liabilities$68,828,983
Net Assets-$324,468

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2020: $6,032Expenses 2020: $330,500Net Income 2020: -$324,4682020Revenue 2021: $5,573Expenses 2021: $3,369,295Net Income 2021: -$3,363,7222021Revenue 2022: $106,398Expenses 2022: $2,323,101Net Income 2022: -$2,216,7032022Revenue 2023: $223,884Expenses 2023: $2,844,014Net Income 2023: -$2,620,1302023Revenue 2024: $68,707Expenses 2024: $3,828,687Net Income 2024: -$3,759,9802024

Highlighted filing

2020

Revenue$6,032
Expenses$330,500
Net Income-$324,468
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 5, 2021
Return Version
2020v4.1
Gross Receipts
$6,032
Mission and Program Overview

Mission

To be a catalyst for education, research, innovation and transformation through the creation of a global destination which recognizes stewardship of the land as the cornerstone of an inspired community.

We are the independent, mission-driven, not-for-profit entity leading the planning and visioning of rowen, responsible for project leadership and operations to ensure the long-term vision for rowen is never compromised. Rowen means "second harvest." established on land that has been carefully stewarded for generations by local families, rowen will be programmed in a way that remains true to the families' connections to agriculture, medicine and natural environment. The result is a reimagination of the traditional mixed-use, office and research environment that will change the economic and social trajectory of georgia, the nation and with time, the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$58,710,401▲ $58,710,401
Cash and Non-Interest-Bearing Accounts$0$226,150▲ $226,150
Prepaid Expenses and Deferred Charges-$11,140-
Total Assets$0$68,504,515▲ $68,504,515
Other Assets Total$0$9,556,824▲ $9,556,824
Liabilities
Mortgage Notes Payable Secured by Investment Property-$68,472,686-
Other Liabilities$0$356,297▲ $356,297
Accounts Payable and Accrued Expenses$0--
Tax Exempt Bond Liabilities-$0-
Total Liabilities$0$68,828,983▲ $68,828,983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$-324,468▼ $324,468
Total Net Assets Fund Balance$0$-324,468▼ $324,468
Total Liabilities and Net Assets / Fund Balance$0$68,504,515▲ $68,504,515

Asset Categories

AssetBook ValueDepreciationBasis
Land$58,710,401-$58,710,401
Other Assets Org$9,556,824--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sachin D ShailendraDirector, Chair
Robert T HughesDirector
Samuel H HintonDirector
Robert T GeolasDirector, Secretary
Thomas D SenkbellDirector, Treasurer
Mason AilstockCEO (ex-officio, Non-voting)

Highest Paid Contractors

ContractorServicesLocationCompensation
Hr&a Advisors INCDevelopment, Marketing, Administrative,555 FAYETTEVILLE STREET SUITE 300, Raleigh, NC 27601$229,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,032
Other Revenue
$0
Change in Net Assets
$-324,468

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,032
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,032
Total Revenue per Form 990
$6,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$195,330$34,470-$229,800
Fees for Services Other$50,300--$50,300
Fees for Services Legal$11,746$11,745-$23,491
Fees for Services Accounting$5,379$5,379-$10,758
Interest$8,555--$8,555
Insurance-$4,005-$4,005
Other Expenses-$2,194-$2,194
Occupancy-$956-$956
Travel-$378-$378
Office Expenses-$63-$63
Total Functional Expenses$271,310$59,190$0$330,500

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$330,500
Expenses per Audited Statements$321,945
Total Expenses per Audited Statements$321,945
Expenses Not Reported on Financial Statements$8,555
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Expense Payable$356,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Mason ailstock, ceo (senior principal, hr&a advisors, inc.) robert geolas, director (partner, hr&a advisors, inc.)

Form 990, Part VI, Section A, Line 4

The original by-laws dated september 16, 2020 were amended and restated as of 10/28/2020 and adopted by the board of directors at the november 5, 2020 board meeting under the requirement of the irs to remove the opportunity to amend the "tax-exempt" purpose of the organization.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is provided either in paper or electronic format to all board members before it is filed.

Form 990, Part VI, Section B, Line 12C

Annual conflict of interest statements are required from all board members and officers. In addition, all board members and officer are asked to excuse themselves from all decisions that involve them personally.

Form 990, Part VI, Section B, Line 15

Compensation for top management officials, officers, and key employees is handled by the board without the participation of the individual involved. At this time, there are no employee officers or key employees. Presently, the management function is handled by a turn-key consultant. The contract with the consultant was established at competitive market prices. At such time as the corporation does hire employees compensation levels will be established by a compensation committee of the board following industry guidelines and market data.

Form 990, Part VI, Section C, Line 19

Governing documents and internal policies are given to employees when they are hired by the organization and are available within the organization's office to those who fall under their covenents, but as proprietary information of the organization, they and the financial statements are not made available to the general public.

FORM 990, PART VII, SECTION A:

Mason ailstock, ceo (senior principal, hr&a advisors, inc.) robert geolas, director (partner, hr&a advisors, inc.) $229,800 management services contract with hr&a advisors, inc. Mssrs. Ailstock and geolas are partners in the firm hr&a advisors which provides independent professional real estate and economic development advisory services to the organization. All trarnsactions with hr&a are on an arms-length basis in the ordinary course of business with rowen's mission. With 18 partners, mssrs. Ailstock & geolas do not control over 35% of the firm, and their personal compensation is not dependent on the management contract with the rowen foundation.

FORM 990, PART VII, SECTION B:

Hr&a advisors provides independent professional real estate and economic development advisory services to the organization to "... Improve economic opportunity, quality of life and the built environment for people in urban communities ..." to clients like rowen who are trying to add or merge physical infrastructure and services with communities "... (for) the reinvention of cities into vibrant urban centers that offer jobs and sustain a high quality of life for diverse communities" by "... Creat(ing) more equitable, resilient, and dynamic communities. Our work turns vision into action through rigorous analysis, strategy development, and implementation planning." (hr&a advisors website)

Filing and Contact Details

Filer

Filer Name
Rowen Foundation Inc
EIN
85-3049933
Phone
4048210638
Address
279 WEST CROGAN STREET, LAWRENCEVILLE, GA 30046

Signing Officer

Name
Sachin D Shailendra
Title
Director, Chair
Phone
4048210638
Signed
2021-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sachin D Shailendra
Formed
2020
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Mstiller LLC
Address
1960 SATELLITE BLVD SUITE 3600, DULUTH, GA 30097
Preparer
Gregory W Hayes
Phone
7709958800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Operations & communications: program service expenses 50,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,300.

Financial Statement Notes

PART X, LINE 2:

Gaap provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the foundation's financial statements. Management has evaluated the implications of these standards and has not identified any uncertain tax positions for the foundation; therefore, no tax expense or accruals are included in the accompanying financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0WE ARE THE INDEPENDENT, MISSION-DRIVEN, NOT-FOR-PROFIT ENTITY LEADING THE PLANNING AND VISIONING OF ROWEN, RESPONSIBLE FOR PROJECT LEADERSHIP AND OPERATIONS TO ENSURE THE LONG-TERM VISION FOR ROWEN IS NEVER COMPROMISED. ROWEN MEANS "SECOND HARVEST." ESTABLISHED ON LAND THAT HAS BEEN CAREFULLY STEWARDED FOR GENERATIONS BY LOCAL FAMILIES, ROWEN WILL BE PROGRAMMED IN A WAY THAT REMAINS TRUE TO THE FAMILIES' CONNECTIONS TO AGRICULTURE, MEDICINE AND NATURAL ENVIRONMENT. THE RESULT IS A REIMAGINATION OF THE TRADITIONAL MIXED-USE, OFFICE AND RESEARCH ENVIRONMENT THAT WILL CHANGE THE ECONOMIC AND SOCIAL TRAJECTORY OF GEORGIA, THE NATION AND WITH TIME, THE WORLD.
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IRS990/Desc0SEE SCHEDULE O GWINNETT COUNTY, GEORGIA (THE "COUNTY OR "GWINNETT COUNTY') HAS AN OPPORTUNITY TO DEVELOP 1800 ACRES IN THE COUNTY, LOCATED CENTRALLY BETWEEN THREE MAJOR ECONOMIC CENTERS IN THE STATE OF GEORGIA (ATLANTA, ATHENS, AND GAINESVILLE) AND EQUIDISTANT FROM THREE MAJOR RESEARCH UNIVERSITIES (THE UNIVERSITY OF GEORGIA, GEORGIA INSTITUTE OF TECHNOLOGY, AND EMORY UNIVERSITY). THE COUNTY'S VISION IS TO DEVELOP THE LAND INTO A DISTRICT FOR AGRICULTURAL, MEDICAL, ENVIRONMENTAL, AND HIGH TECHNOLOGY RESEARCH AS WELL AS RESEARCH-RELATED MANUFACTURING AND SUPPORT SERVICES (THE "DISTRICT'). THE CORPORATION WILL PROMOTE SOCIAL WELFARE, INCLUDING, BUT NOT LIMITED TO: (I) ECONOMIC DEVELOPMENT BY ATTRACTING EDUCATION, TRAINING, RESEARCH, JOB CREATION, INNOVATION, AND TRANSFORMATION TO THE CORPORATION'S PROPERTY AND THE SURROUNDING AREA; (II) ADVANCING PUBLIC HEALTH FOR THE COMMUNITY AT LARGE; (III) PROVIDING A PLACE WHERE THE LAND, ITS COLLECTIVE HISTORY, AND THE DEVELOPMENT OF IT AND THE CORPORATION'S OTHER ASSETS ARE MANAGED CONSISTENTLY AND RESPECTFULLY FOR THE BENEFIT OF THE COMMUNITY; AND (IV) REDUCING THE BURDENS OF GOVERNMENT. THE CORPORATION'S ECONOMIC DEVELOPMENT ACTIVITIES ARE TWO-FOLD: REAL-ESTATE PROGRAMMING WILL ATTRACT BUSINESS TO THE DISTRICT AND TO SURROUNDING AREAS; INNOVATION PROGRAMMING DEFINES THE WAYS IN WHICH THE CORPORATION WILL CREATE VALUE FOR THE COUNTY, THE STATE OF GEORGIA, AND PRIVATE AND INSTITUTIONAL PARTNERS, DISTINGUISHING ITSELF IN A GLOBAL INNOVATION ECONOMY. ANALYSIS OF BUSINESS AND ACADEMIC RESOURCES IN GEORGIA, AS WELL AS INTERNATIONAL PRESSURES FOR INNOVATION, REVEAL THREE INTER-RELATED AREAS OF FOCUS FOR THE DISTRICT'S TENANTS AND PROPERTY OWNERS: MEDICAL RESEARCH, TECHNOLOGY, AND APPROACHES TO PREVENTATIVE CARE; AGRICULTURAL RESEARCH, TECHNOLOGY, AND ENVIRONMENTAL SENSITIVITY; AND ENVIRONMENTAL RESEARCH AND TECHNOLOGY THAT CAN REDUCE THE IMPRINT OF ALL SECTORS ON THE ENVIRONMENT. IT IS THE INTERRELATEDNESS OF THE DISTRICT'S THREE AREAS OF FOCUS THAT WILL BE THE PRIMARY DRIVERS OF ECONOMIC DEVELOPMENT. THE DISTRICT'S DESIGN, AMENITIES, AND CHARACTER WILL APPEAL TO MANY PUBLIC AND PRIVATE INSTITUTIONS, BUT THE DISTRICT'S COMPETITIVE ADVANTAGE AND ITS ABILITY TO ADD VALUE TO GWINNETT COUNTY AND GEORGIA LIE IN THE UNIQUE COLLABORATION THAT CAN TAKE PLACE THERE. THE THREE AREAS OF FOCUS FOR THE DISTRICT- MEDICAL, AGRICULTURAL, AND ENVIRONMENTAL - ARE ALL DIRECTLY CORRELATED WITH ADVANCING PUBLIC HEALTH. EACH OF THESE AREAS OF PUBLIC HEALTH CANNOT ADVANCE WITHOUT CONSIDERATION OF ALL OF THEM. FOR INSTANCE, DIGITAL MONITORING OF CHEMICALS USED IN AGRICULTURE CAN REDUCE THE IMPACT OF CHEMICALS ON THE ENVIRONMENT AND IMPROVE THE HEALTH OF COMMUNITY MEMBERS. MORE EFFICIENT PRODUCTION OF FOOD CAN DECREASE THE AMOUNT OF LAND NEEDED FOR AGRICULTURE. THE GROWTH IN WHOLISTIC APPROACHES TO HEALTH RELY ON HEALTHY EATING AND CLEAN AIR AND WATER. NOT ONLY WILL RESEARCH AND OTHER ACTIVITIES TAKING PLACE IN THE DISTRICT FOCUS ON HEALTH AND THE ENVIRONMENT, AMONG OTHER DISCIPLINES, BUT THE DISTRICT ITSELF WILL PROMOTE HEALTHY LIFESTYLES BY DEVELOPING PARKS, WALK/RUN/BIKE PATHS AND SPACES FOR SOCIAL, BUSINESS, AND EDUCATIONAL GATHERINGS.
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt063
IRS990/OfficeExpensesGrp/TotalAmt063
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt09556824
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02194
IRS990/OtherExpensesGrp/TotalAmt02194
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0356297
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011140
IRS990/PrincipalOfficerNm0SACHIN D SHAILENDRA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-324468
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt08555
IRS990ScheduleD/ExpensesSubtotalAmt0321945
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt08555
IRS990ScheduleD/LandGrp/BookValueAmt058710401
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt058710401
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09556824
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH AS LOAN RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0356297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST EXPENSE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06032
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FOUNDATION'S FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE IMPLICATIONS OF THESE STANDARDS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS FOR THE FOUNDATION; THEREFORE, NO TAX EXPENSE OR ACCRUALS ARE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt058710401
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09556824
IRS990ScheduleD/TotalExpensesPerForm990Amt0330500
IRS990ScheduleD/TotalLiabilityAmt0356297
IRS990ScheduleD/TotalRevenuePerForm990Amt06032
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06032
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0321945
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MASON AILSTOCK, CEO (SENIOR PRINCIPAL, HR&A ADVISORS, INC.) ROBERT GEOLAS, DIRECTOR (PARTNER, HR&A ADVISORS, INC.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORIGINAL BY-LAWS DATED SEPTEMBER 16, 2020 WERE AMENDED AND RESTATED AS OF 10/28/2020 AND ADOPTED BY THE BOARD OF DIRECTORS AT THE NOVEMBER 5, 2020 BOARD MEETING UNDER THE REQUIREMENT OF THE IRS TO REMOVE THE OPPORTUNITY TO AMEND THE "TAX-EXEMPT" PURPOSE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED EITHER IN PAPER OR ELECTRONIC FORMAT TO ALL BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL CONFLICT OF INTEREST STATEMENTS ARE REQUIRED FROM ALL BOARD MEMBERS AND OFFICERS. IN ADDITION, ALL BOARD MEMBERS AND OFFICER ARE ASKED TO EXCUSE THEMSELVES FROM ALL DECISIONS THAT INVOLVE THEM PERSONALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IS HANDLED BY THE BOARD WITHOUT THE PARTICIPATION OF THE INDIVIDUAL INVOLVED. AT THIS TIME, THERE ARE NO EMPLOYEE OFFICERS OR KEY EMPLOYEES. PRESENTLY, THE MANAGEMENT FUNCTION IS HANDLED BY A TURN-KEY CONSULTANT. THE CONTRACT WITH THE CONSULTANT WAS ESTABLISHED AT COMPETITIVE MARKET PRICES. AT SUCH TIME AS THE CORPORATION DOES HIRE EMPLOYEES COMPENSATION LEVELS WILL BE ESTABLISHED BY A COMPENSATION COMMITTEE OF THE BOARD FOLLOWING INDUSTRY GUIDELINES AND MARKET DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND INTERNAL POLICIES ARE GIVEN TO EMPLOYEES WHEN THEY ARE HIRED BY THE ORGANIZATION AND ARE AVAILABLE WITHIN THE ORGANIZATION'S OFFICE TO THOSE WHO FALL UNDER THEIR COVENENTS, BUT AS PROPRIETARY INFORMATION OF THE ORGANIZATION, THEY AND THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MASON AILSTOCK, CEO (SENIOR PRINCIPAL, HR&A ADVISORS, INC.) ROBERT GEOLAS, DIRECTOR (PARTNER, HR&A ADVISORS, INC.) $229,800 MANAGEMENT SERVICES CONTRACT WITH HR&A ADVISORS, INC. MSSRS. AILSTOCK AND GEOLAS ARE PARTNERS IN THE FIRM HR&A ADVISORS WHICH PROVIDES INDEPENDENT PROFESSIONAL REAL ESTATE AND ECONOMIC DEVELOPMENT ADVISORY SERVICES TO THE ORGANIZATION. ALL TRARNSACTIONS WITH HR&A ARE ON AN ARMS-LENGTH BASIS IN THE ORDINARY COURSE OF BUSINESS WITH ROWEN'S MISSION. WITH 18 PARTNERS, MSSRS. AILSTOCK & GEOLAS DO NOT CONTROL OVER 35% OF THE FIRM, AND THEIR PERSONAL COMPENSATION IS NOT DEPENDENT ON THE MANAGEMENT CONTRACT WITH THE ROWEN FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HR&A ADVISORS PROVIDES INDEPENDENT PROFESSIONAL REAL ESTATE AND ECONOMIC DEVELOPMENT ADVISORY SERVICES TO THE ORGANIZATION TO "... IMPROVE ECONOMIC OPPORTUNITY, QUALITY OF LIFE AND THE BUILT ENVIRONMENT FOR PEOPLE IN URBAN COMMUNITIES ..." TO CLIENTS LIKE ROWEN WHO ARE TRYING TO ADD OR MERGE PHYSICAL INFRASTRUCTURE AND SERVICES WITH COMMUNITIES "... (FOR) THE REINVENTION OF CITIES INTO VIBRANT URBAN CENTERS THAT OFFER JOBS AND SUSTAIN A HIGH QUALITY OF LIFE FOR DIVERSE COMMUNITIES" BY "... CREAT(ING) MORE EQUITABLE, RESILIENT, AND DYNAMIC COMMUNITIES. OUR WORK TURNS VISION INTO ACTION THROUGH RIGOROUS ANALYSIS, STRATEGY DEVELOPMENT, AND IMPLEMENTATION PLANNING." (HR&A ADVISORS WEBSITE)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OPERATIONS & COMMUNICATIONS: PROGRAM SERVICE EXPENSES 50,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,300.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, SECTION A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt068504515
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt068504515
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059190
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0271310
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330500
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt068828983
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt068828983
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-324468
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0271310
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06032
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt068504515
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0378
IRS990/TravelGrp/TotalAmt0378
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0279 WEST CROGAN STREET
IRS990/USAddress/CityNm0LAWRENCEVILLE
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030046
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://WWW.ROWENLIFE.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SACHIN D SHAILENDRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04048210638
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROWEN FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ROWE
ReturnHeader/Filer/EIN0853049933
ReturnHeader/Filer/PhoneNum04048210638
ReturnHeader/Filer/USAddress/AddressLine1Txt0279 WEST CROGAN STREET
ReturnHeader/Filer/USAddress/CityNm0LAWRENCEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030046
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580673524
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MSTILLER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01960 SATELLITE BLVD SUITE 3600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030097
ReturnHeader/PreparerPersonGrp/PhoneNum07709958800
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY W HAYES
ReturnHeader/ReturnTs02021-10-08T13:23:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SACHIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHAILENDRA
ReturnHeader/TaxPeriodBeginDt02020-09-16
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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