Brendan Borek High Tides Memorial Fund Inc

Nonprofit profile at a glance

EIN
223328616
IRS 990 coverage
2011–2016
Forms available
Form 990 2016
Location
Avalon, NJ, USA
Phone
6099670100
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$110,494
Expenses
$139,832
Assets
$60,788
Liabilities
$6,770

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

Leadership & pay

3 people listed

Executive titles in this filing

  • LYDIA BOREK (PRESIDENT)
  • DAVID BOREK (VICE PRESIDENT)

Highest reported compensation

  • LYDIA BOREK (PRESIDENT): $17,997 total reported compensation

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

Overview

Mission

To provide services to atlantic and cape may county pediatric cancer patients and their families through the brendan borek endowed fund at the children's hospital of philadelphia

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 82
  • Accountability: 54
  • Sustainability: 19
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.8%; rating input score 51
  • Program expense ratio: 41.8%; rating input score 42
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 94.2%; rating input score 94; 51st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 55.6%; rating input score 56; 15th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -26.6%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 12.9%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: -10.3% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -19.8% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 50.8% of revenue deployed · 41.8% of spending went to programs
  • Governance: 5 of 9 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $18K · 3 people listed
  • Consistency: 23 of 25 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes grants
  • Filing history: 6 filing years from 2011 to 2016
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 42/100.
  • Review — Accountability: Independent voting board scored 56/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.