Iuoe Local 94 94a Scholarship Fund
Overview
Mission
The purpose of the organization is to provide scholarships for children of the members of iuoe local 94.
Operating model
- Revenue model
- Donor-supported. 80% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 133872320
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023, Form 990-EZ 2009
- Headquarters
- New York, NY, USA
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 75
- Accountability: 36
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.6%; rating input score 70
- Program expense ratio: 84.6%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- 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: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 86
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 26.6%; rating input score 81; 81st percentile among comparable filings
- Operating reserve ratio: 12.27; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 189.5%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 5.8% per year; rating input score 100; 58th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 69.6% of revenue deployed · 84.6% of spending went to programs
- Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $500K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 annual filings from 2010 to 2023
- Contacts: How to reach this organization
- 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.