Brad Richards Foundation Inc

Nonprofit profile at a glance

EIN
611507870
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
New York, NY, USA
Phone
8889198273
Rating confidence
Limited
Sector
Community Foundations

Official website

Reported finances

Revenue
$0
Expenses
$236
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BRAD RICHARDS (PRESIDENT)
  • DELITE RICHARDS (VICE PRESIDENT/SECRETARY)

People named in this filing

  • BRAD RICHARDS (PRESIDENT)
  • DELITE RICHARDS (VICE PRESIDENT/SECRETARY)
  • JOHN FAHEY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is devoted to assisting those less fortunate, to creating and contributing to casues that provide exceptional expericances and treatment for children and famlies enduring chronic and/or life threating illness and to the advancement of youth and amateur sports.

What it reported doing in 2017

See schedule obrad richards, center and key hockey player for the national hockey league's New York rangers, has been providing pediatric oncology patients and their families with a true escape. Brad purchases tickets and has donated use of them to children and their families affiliated with local hospitals. "richy's rascals escape" was designed as an outreach program for children who are battling cancer or other serious illnesses. The experience takes adolescent luxury to the next level by providing young guests and their families with everything they need to enjoy the full New York rangers hockey experience. Additionally, the children are given various trinkets to commemorate their experience. Children are selected for participation in the "richy's rascals suite escape" by representatives of the local hospitals that the brad richards foundation partners with.at select New York rangers home game, the "richy's rascals" suite is filled to the brim with fun and laughter. Brad always ends the experience with the opportunity to visit with him post-game for photos and autographs in the locker room area.

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: 0
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: -75% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.