Audain Foundation
Nonprofit profile at a glance
- EIN
- 981272165
- IRS 990-PF coverage
- 2023–2024
- Forms available
- Form 990-PF 2024
- Location
- Vancouver, BC, CA
- Phone
- 6048771131
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $42,679,868
- Expenses
- $15,233,813
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Audain Foundation is a nonprofit. Location: Vancouver, BC. EIN 981272165. Tax year 2024 Form 990-PF reports $42.7M revenue and $15.2M expenses.
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no charitable disbursements for the current year.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
MIXED - A large share of spending goes to grants and the filing clearly reports transactions involving insiders. The filing does not identify all grant recipients and some filed totals do not add up.
Rating breakdown
- Grant Deployment: NotEnoughData
- Cost Efficiency: 95
- Transparency: 0
- Compliance: 84
- Endowment Health: 60
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: Limited
Cost Efficiency
- Grant expense ratio: 95.1%; rating input score 95; 88th percentile among comparable filings
Transparency
- Grant recipient disclosure: Scored; rating input score 0
Compliance
- Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Pass
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Missing
- Excess business holdings: Fail
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 8; rating input score 80
Endowment Health
- Endowment-health comparison: 22.82; rating input score 60; 60th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Payout: Filed payout detail
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 60th percentile for endowment coverage
- Consistency: 8 of 10 current checks pass · 2 findings to review
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency: Grant recipient disclosure scored 0/100.
- Moderate — Transparency & Controls: Assets equal liabilities and net assets did not reconcile in the filed values.
- Moderate — Transparency & Controls: Balance sheet eoy total did not reconcile in the filed values.
- Review — Compliance: Part VII-B activity disclosures: Excess business holdings not reported.