Civic Intelligence

Red Rose Foundation Ca

EIN 87-4167888 • 501(c)3 • Marina del Rey, CA

990-N CoverageNTEE T50

Profile

The Foundation will help the most marginalized in our American society and worldwide, including through the construction of: schools, training academies, recovery centers, and food banks.

1400 Marquesas WayMarina del Rey, CA 90292

foundation 'rosa rossa'

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T50 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T50 • <$500k nonprofits • Source year 2021

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

NTEE T50 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

NTEE T50 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Assets

$165,010

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$165,010

No earlier filing loaded for comparison.

Revenue

$165,025

No earlier filing loaded for comparison.

Expenses

$15

No earlier filing loaded for comparison.

Net Income

$165,010

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2021: $165,010Liabilities 2021: $0Net Assets 2021: $165,0102021

Highlighted filing

2021

Assets$165,010
Liabilities$0
Net Assets$165,010

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2021: $165,025Expenses 2021: $15Net Income 2021: $165,0102021

Highlighted filing

2021

Revenue$165,025
Expenses$15
Net Income$165,010

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$1.65$0.00$1.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 4, 2022
Return Version
2021v4.0
Gross Receipts
$165,025
Mission and Program Overview

Mission

The Foundation will help the most marginalized in our American society and worldwide, including through the construction of: schools, training academies, recovery centers, and food banks.

Program Services

DescriptionGrantsExpenses
On 14th December 2021, Red Rose Foundation was established with contributions from the President and the Treasurer, totalling USD 165,025. Red Rose Foundation CA (the "Foundation") is a charitable foundation that aims to support charitable projects in the US, as well as Latin America and Africa. Its sister foundations in Europe carry out similar activities in the poorest parts of the world, primarily in the field of education and maternity health. As of today's date, Red Rose Foundation has supported a number of benevolent projects in the US, Africa and Latin America, including the following some major ones: 1) Support for Food Banks for the poorest in the US (https://www.fondazionelarosarossa.org/en/california) 2) The construction of a Rural Maternity Hospital in Tanzania, together with the R.C. Diocese of Sumbawanga (please see: https://www.fondazionelarosarossa.org/en/tanzania) 3) Two post-COVID year-long After-School Support programs with Caritas Peru, to counter school-abandonment crisis caused by COVID-19 in the Lambayeque region of northern Peru (please see: https://www.fondazionelarosarossa.org/en) 4) The construction of the "Emmaus - Rosa Rossa Center Supporting Single Mothers and Orphans in a Favela near Chiclayo, Peru, which is currently approximately 40% built. We are very proud of our projects and assistance to the poorest. We are very proud of our successful projects, and look forward to growing and doing many more. The Red Rose Team$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lauren NarozniakPresident-$0--
Enrico GrassiTreasurer-$0--
Mary Faith Higgins-UptonLegal Counsel And Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Red Rose Foundation CA
EIN
87-4167888
Phone
3109076188
Address
1400 Marquesas Way, Marina del Rey, CA 90292

Signing Officer

Name
Erik Grassi Boccardi
Title
Treasurer
Phone
7889369392
Signed
2022-04-04
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part III, Line (28-31)

On 14th December 2021, Red Rose Foundation was established with contributions from the President and the Treasurer, totalling USD 165,025. Red Rose Foundation CA (the "Foundation") is a charitable foundation that aims to support charitable projects in the US, as well as Latin America and Africa. Its sister foundations in Europe carry out similar activities in the poorest parts of the world, primarily in the field of education and maternity health. As of today's date, Red Rose Foundation has supported a number of benevolent projects in the US, Africa and Latin America, including the following some major ones: 1) Support for Food Banks for the poorest in the US (https://www.fondazionelarosarossa.org/en/california) 2) The construction of a Rural Maternity Hospital in Tanzania, together with the R.C. Diocese of Sumbawanga (please see: https://www.fondazionelarosarossa.org/en/tanzania) 3) Two post-COVID year-long After-School Support programs with Caritas Peru, to counter school-abandonment crisis caused by COVID-19 in the Lambayeque region of northern Peru (please see: https://www.fondazionelarosarossa.org/en) 4) The construction of the "Emmaus - Rosa Rossa Center Supporting Single Mothers and Orphans in a Favela near Chiclayo, Peru, which is currently approximately 40% built. We are very proud of our projects and assistance to the poorest. We are very proud of our successful projects, and look forward to growing and doing many more. The Red Rose Team

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0On 14th December 2021, Red Rose Foundation was established with contributions from the President and the Treasurer, totalling USD 165,025. Red Rose Foundation CA (the "Foundation") is a charitable foundation that aims to support charitable projects in the US, as well as Latin America and Africa. Its sister foundations in Europe carry out similar activities in the poorest parts of the world, primarily in the field of education and maternity health. As of today's date, Red Rose Foundation has supported a number of benevolent projects in the US, Africa and Latin America, including the following some major ones: 1) Support for Food Banks for the poorest in the US (https://www.fondazionelarosarossa.org/en/california) 2) The construction of a Rural Maternity Hospital in Tanzania, together with the R.C. Diocese of Sumbawanga (please see: https://www.fondazionelarosarossa.org/en/tanzania) 3) Two post-COVID year-long After-School Support programs with Caritas Peru, to counter school-abandonment crisis caused by COVID-19 in the Lambayeque region of northern Peru (please see: https://www.fondazionelarosarossa.org/en) 4) The construction of the "Emmaus - Rosa Rossa Center Supporting Single Mothers and Orphans in a Favela near Chiclayo, Peru, which is currently approximately 40% built. We are very proud of our projects and assistance to the poorest. We are very proud of our successful projects, and look forward to growing and doing many more. The Red Rose Team
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part III, Line (28-31)
ReasonableCauseExplanation/ExplanationTxt0Our sincerest apologies for the late filing of this, our First ever filing with the IRS (our charity was created on Dec. 14, 2021). The delay is due to the fact that we had bought the 'Compliance Filing Package' from LegalZoom.com and we had mistakenly believed that they would prepare all filings including this first year pro-forma 990-EZ filing (which relates to just 2 weeks of existence of Red Rose Foundation, between Dec. 14 and Dec. 31, 2021). Since Mr Grassi (the Treasurer) is now based in London, UK, we would be grateful if you could kindly send him by email (rather than by post) any communication, including fines for late filings. Yours sincerely, the Red Rose team
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