Bluecheck Charitable Foundation Inc

Nonprofit profile at a glance

EIN
921021572
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
New York, NY, USA
Phone
9172747226
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Relief

Official website

Reported finances

Revenue
$1,702,688
Expenses
$2,017,319
Assets
$403,400
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MURPHY POINDEXTER (EXECUTIVE DIRECTOR)
  • JASON CONE (PRESIDENT)
  • LIEV SCHREIBER (VICE PRESIDENT)

Highest reported compensation

  • MURPHY POINDEXTER (EXECUTIVE DIRECTOR): $194,253 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bluecheck was launched in march 2022- we're a collective of humanitarian crisis response experts, entrepreneurs, and filmmakers with decades of experience addressing the needs of conflict-affected populations and documenting solidarity movements (see schedule o) countering oppression. Bluecheck ukraine identifies, vets, and fast-tracks urgent financial support to ukrainian ngos and aid initiatives providing life-saving and other critical humanitarian work on the front lines of russia's war on ukraine. They have the proximity, local knowledge and access to assist those in desperate need.

What it reported doing in 2024

Co-founded by actor and director liev schreiber, former executive leaders of doctors without borders, filmmakers, and social entrepreneurs in march 2022, bluecheck ukraine (www.bluecheck.in) was initially established to find and fund highly effective ukrainian humanitarian organizations responding to the consequences of the devastating russian invasion. What bluecheck experienced and uncovered was a gap in emergency response: local organizations were providing the bulk of the humanitarian aid and taking immense risks to reach the frontline communities under siege but were receiving a fraction of the international humanitarian funding and were largely cut out of governmental and multilateral funding opportunities due to high levels of bureaucracy. Despite an incredible amount of support from public and private sources in 2022 and 2023, the research organization, humanitarian outcomes, found in june 2022 that the local ukrainian organizations delivering virtually all of the humanitarian aid in ukraine at that time had received only 0.24% of the direct donations to ukraine - less than $6.5 million. Local ukrainian organizations and volunteers - not international aid organizations - deliver a majority of humanitarian aid in the country, and members of those groups continue to suffer the greatest risks and casualties - and yet, even a year later in 2023 humanitarian outcomes updated research shows these groups are not receiving the appropriate share of resources and funding.however, when provided with flexible funding, these local organizations had the cultural understanding, networks, and flexibility to meet and address urgent and life-threatening needs. These are the front-line groups that are uniquely able to achieve solutions for their communities, but they are insufficiently resourced through our current humanitarian system.in january 2023, bluecheck charitable foundation was established as a 501c3 tax-exempt, non-profit, non-governmental agency. Bluecheck now has the potential to expand the model of bluecheck ukraine to a global solution for identifying, vetting, and fast-tracking financial support (with streamlined and light lift reporting requirements) to local organizations responding to humanitarian and natural disasters around the world.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 60
  • Accountability: 89
  • Sustainability: 23
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.3%; rating input score 96
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: $17.17 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 65.3%; rating input score 65; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 22nd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -18.5%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 9.6%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -64.6% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -82.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -56.1% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 96.3% of revenue deployed · 81.3% of spending went to programs
  • Governance: 8 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $194K · 9 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 30 of 32 current checks pass · 2 findings to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 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.

Key Signals

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

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 54/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.