2024-11-05T14:54:44-05:00 2024-06-30 871595300 Wealth Tea Inc 346 W Edmonston Dr Rockville MD 20852 990 2023-07-01 520964594 ROCKVILLE NURSING HOME FOUNDATION INC ROCK 18 MAXIM LN Rockville MD 20852 ROBERT A LONGEST EXECUTIVE DIREC 3016747078 2024-11-05 true true Melina Hopkins EA P01074413 2406329180 2024-11-05 2023 2024-10-15 13:58:12Z X ROBERT A LONGEST 1414 false X WWW.RNHFOUNDATION.ORG X 1971 MD TO PROVIDE EDUCATION SCHOLARSHIPS TO DESERVING NURSING AND ALLIED HEALTH STUDENTS COMMITTED TO THE COMPASSIONATE CARE OF OTHERS. 7 7 1 0 0 0 6928 0 245722 1414 2000 0 254650 1414 0 0 169760 184101 0 9177 511520 929387 681280 1113488 -426630 -1112074 5718279 5896789 317985 675882 5400294 5220907 TO PROVIDE EDUCATION SCHOLARSHIPS TO DESERVING NURSING AND ALLIED HEALTH STUDENTS COMMITTED TO THE COMPASSIONATE CARE OF OTHERS. false false 985493 THE ORGANIZATION SOLICITS, REVIEWS, AND MAKES DECISIONS REGARDING APPROVAL OF APPLICATIONS FOR EDUCATION SCHOLARSHIPS FROM INDIVIDUALS INTERESTED IN BEGINNING OR ADVANCING A CAREER IN NURSING OR THE ALLIED HEALTH SERVICES. 985493 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 1 0 true 1 true false false false false false false false false false false false X 7 7 true false false false false false false true true false false true false true true true false false X ROBERT A LONGEST 2407674782 18 MAXIM LN Rockville MD 20852 ROBERT A LONGEST EXECUTIVE DIRECTOR 40.00 0.00 X 166647 0 0 STEVE JOSEPH TREASURER 2.00 0.00 X 0 0 0 BRUCE WHITE DIRECTORY 1.00 0.00 X X 0 0 0 SANDRA COSTICH SECRETARY 1.00 0.00 X X 0 0 0 DARREL LONGEST CHAIRMAN 10.00 0.00 X X 0 0 0 CHRISTOPHER DUNFORD PRESIDENT 1.00 0.00 X X 0 0 0 JEFF KAGAN VICE PRESIDENT 1.00 0.00 X 0 0 0 166647 0 0 2 false true false PROGRAM SERVICE REVENUE 900099 1414 1414 1414 0 0 1414 X 166647 108321 49994 8332 547 547 16907 10990 5072 845 13990 13990 36620 36620 44151 44151 500 500 7553 7553 577 577 590 590 SCHOLARSHIPS AWARDED 523097 523097 TELEPHONE 1311 1311 DUES & SUBSCRIPTIONS 2064 2064 DOC RETENTION & STORAGE 15189 15189 283745 283745 1113488 985493 118818 9177 373113 160801 2948 1770 1768 1178 5343398 5734810 5718279 5896789 3215 314770 675882 317985 675882 X 5400294 5220907 5400294 5220907 5718279 5896789 -1112074 932687 0 X true X false false X 530495 193443 723938 9076641 2407055 11483696 6928 6928 9607136 2600498 6928 12214562 12214562 1417 11853 27308 245722 157879 444179 1417 11853 27308 245722 157879 444179 6851 2000 8851 9608553 2619202 27308 254650 157879 12667592 0.96420 0.98660 0.04000 0.01000 X 2948 1770 1178 1178 SCHOLARSHIPS PAYABLE 675639 PAYROLL TAXES PAYABLE 243 675882 X X false false false false false false false false false ROBERT A LONGEST EXECUTIVE DIRECTOR 151567 15080 166647 Officer directors etc family relationship Part VI line 2 DARREL L. LONGEST, CHAIRMAN AND FOUNDING MEMBER OF THE BOARD OF GOVERNORS, AND ROBERT A LONGEST, A LONG-TIME MEMBER OF THE BOARD OF GOVERNORS, HAVE A FAMILY RELATIONSHIP AS FATHER AND SON. Form 990 governing body review Part VI line 11 FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS AND IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE ENTIRE BOARD PRIOR TO BEING FILED WITH THE IRS. CEO executive director top management comp Part VI line 15a THE BOARD OF GOVERNORS COMPENSATION COMMITTEE MET TO DISCUSS THE SELECTION OF AND COMPENSATION FOR THE EXECUTIVE DIRECTORS POSITION. THE MEMBERS OF THE COMMITTEE DISCUSSED THEIR PERSONAL EXPERIENCES IN GOVERNANCE OF OTHER NON-PROFIT ORGANIZATIONS AND CONDUCTED RESEARCH (VIA SEVERAL EXECUTIVE AND MANAGEMENT HIRING ENTITIES) TO CALCULATE THE EXPECTED COMPENSATION RANGE FOR SIMILARLY-SITUATED NON-PROFIT ORGANIZATIONAL MANAGEMENT. THOSE EXPERIENCES AND INDEPENDENT DATA WERE EVALUATED AGAINST THE ANTICIPATED SIZE, SCOPE AND COMPLEXITY OF THE DUTIES AND RESPONSIBILITIES EXPECTED OF THE EXECUTIVE DIRECTOR DURING THE FIRST 12 TO 24 MONTHS OF OPERATIONS, AND AGAINST PROJECTED AVAILABLE FUNDS, TO FURTHER NARROW THE RANGE OF COMPENSATION THE ORGANIZATION WOULD EXPECT TO PAY. THE COMPENSATION COMMITTEE REPORTED ITS FINDINGS AND RECOMMENDATIONS TO THE FULL BOARD, WHO APPROVED THE PROPOSED COMPENSATION RANGE AND EMPOWERED THE COMPENSATION COMMITTEE TO NEGOTIATE ON THE ORGANIZATIONS BEHALF TO EXECUTE AND EMPLOYMENT AGREEMENT WHOSE DUTIES, RESPONSIBILITES, AND TOTAL COMPENSATION FELL WITHIN THE SCOPE AND RANGE PROVIDED TO THE BOARD. DUE TO THE FAMILIAL RELATIONSHIP BETWEEN HIMSELF AND EXECUTIVE DIRECTOR, ROBERT A LONGEST, DARRELL L LONGEST, CHAIRMAN, RECUSED HIMSELF FROM DISCUSSIONS RELATED TO HIRING AND COMPENSATION OF EXECUTIVE DIRECTOR, ROBERT A LONGEST, AND ABSTAINED FROM ALL VOTES CONCERNING SAME. THE LAST COMPENSATION REVIEW TOOK PLACE IN MAY, 2024. Governing documents etc available to public Part VI line 19 FINANCIAL STATEMENTS AND ORGANIZING DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. Audited by an independent accountant Part XII line 2b AT THE TIME OF THE FILING, THE ORGANIZATIONS AUDIT IS PENDING. THEREFORE, THE 990 WAS FILED WITH THE BEST INFORMATION AVAILABLE. IF THE AUDIT RESULTS IN SIGNIFICANT CHANGES, AN AMENDED 990 WILL BE FILED. List of other expenses Part IX line 24e MISCELLANEOUS EXPENSES - $283,744