Bay Point Schools Properties Inc

Nonprofit profile at a glance

EIN
650591094
IRS 990 coverage
2016–2016
Forms available
Form 990 2016, Form 990-N 2015
Location
Miami, FL, USA
Phone
3055774333
Rating confidence
Limited
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$7,331,697
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KARYN KENNEDY HERTERICH (PRESIDENT)

Highest reported compensation

  • KATHLEEN KENNEDY-OLSEN (SECRETARY/TR): $31,100 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization has been formed to hold title to a parcel of real property located in dade county, Florida (the "property"). The property has been leased, on a long term nominal fee basis (1.00 per year), to an organization which is a public charity and is exempt from taxation under code section 501(c)(3). The property is required to be used exclusively for charitable purposes. The sole member of the organization is the ethel and w. George kennedy family foundation, inc. Which is a qualified 501(c)(3) organization and which was the sole provider of the funds necessary to purchase and maintain the real estate property including salary paid to one of its officers during the year. The organization is filing a final return due to the sale of the real estate property on 4/29/16. The organization ceased operations in may 2016.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 31
  • Sustainability: NotEnoughData
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: Filed program service accomplishments
  • Leadership: top reported pay $31K · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.