Sinaifederation Charitable Foundation Inc
Overview
Mission
The organization operates for the benefit of, to perform the functions of, to support, or to carry out the purposes of sinai temple, inc. And the jewish endowment foundation of the jewish federation of greater springfield, inc.
What it reported doing in 2023
Maintained and provided oversight of investments held to support sinai temple, inc. EIN # 04-2108320, a recognized exempt religious synagogue.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 364525930
- IRS 990 coverage
- 2019–2023
- Forms available
- Form 990 2023, Form 990-EZ 2018
- Headquarters
- Springfield, MA, USA
- Phone
- 4137363619
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 93
- Accountability: 88
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.6%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -55.1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 22.88; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: 5.2% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.6% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $29K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 5 annual filings from 2019 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 filed related-organization links
- 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.
Leadership & pay
9 people listed
Source: IRS Form 990. Selected filing: FY2023.