Metropolitan Club Foundation Inc
Overview
Mission
The metropolitan club foundation (the "foundation"), inc. Was formed for the following purposes: to support educational programs for club managers and assistant managers; to further the club management profession; (continued on schedule o).to provide financial assistance to individuals from the public sector, including minorities, interested in the club and hospitality fields and in doing so, create a greater public awareness of professional opportunities; to promote the club management profession through academic programs offered by community colleges, culinary schools and universities both in New York and other states; to cooperate in the dissemination of professional information to allied associations, academic institutions and other groups involved with the hospitality field; to offer limited assistance to club management professionals and their families facing catastrophic and devastating situations due to illness, disaster or death of a family member.
What it reported doing in 2024
Foundation hosts three workshops a year to provide educational programs to further the club management profession. These 6-hour workshops are open to the membership and guests and taught by leading industry experts.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
Nonprofit profile at a glance
- EIN
- 133871494
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Headquarters
- Elmsford, NY, USA
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Film, Video
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 40
- Transparency & Controls: 84
- Accountability: 94
- Sustainability: 87
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.3%; rating input score 22
- Program expense ratio: 71.1%; rating input score 71
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 63.7%; rating input score 64; 31st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 53%; rating input score 93; 93rd percentile among comparable filings
- Operating reserve ratio: 12.31; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 22.3% of revenue deployed · 71.1% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $216K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 6 annual filings from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.