Caroline & Joseph S Gruss Life Monument Funds Inc

Nonprofit profile at a glance

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

16 people listed

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

Support jewish education

Special innovative projects-these programs assist student as well as jewish schools.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 93.8%; rating input score 94; 28th 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: Pass
- 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

Operating margin: Limited
Total-asset coverage ratio: 0.05; rating input score 7; 7th percentile among comparable filings
Liabilities to assets ratio: 0.7; rating input score 9; 9th percentile among comparable filings
Officer compensation ratio: 3.3%; rating input score 19; 19th percentile among comparable filings

Program expense growth: 3.1% per year; rating input score 100; 61st percentile among comparable filings
Revenue growth: -5.3% per year; rating input score 0; 42nd percentile among comparable filings
Asset growth: -11.2% per year; rating input score 0; 12th percentile among comparable filings

Where the money goes: 93.7% of spending went to programs
Governance: 15 of 16 board members independent · 6 of 8 filing controls reported
Programs: 1 filed program accomplishment · $5.6M in reported program spending
Leadership: top reported pay $198K · 16 people listed · 0 of 6 pay-setting controls reported
Consistency: 23 of 23 current checks pass
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 2 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.

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

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 7/100.
High — Growth: Revenue growth scored 0/100.
Review — Accountability: Governance controls: Independent financial-statement audit not reported.
High — Sustainability: Liabilities to assets ratio scored 9/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 19/100.