Class of 1968 Assistance Fund Inc

Nonprofit profile at a glance

EIN
872193304
IRS 990-EZ coverage
2021–2025
Forms available
Form 990-EZ 2025
Location
Pittsfield, MA, USA
Phone
9417241968
Rating
50
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$17,308
Expenses
$17,468
Assets
$86,232
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • David J Vidal (President and Director)

People named in this filing

  • David J Vidal (President and Director)
  • James H Bedell (Treasurer and Director)
  • Harvey W Freishtat (Clerk and Director)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Class of 1968 Assistance Fund was created to provide grants to classmates, widows, and/or family members of classmates of the Princeton University Class of 1968 who are in need of financial assistance, typically of a one-time or short-term nature, as provided by our by-laws and stated in our Form 1023 application. Members of the Board are prohibited from receiving such grants or benefits and serve as uncompensated volunteers. At such time as the Fund is terminated, all remaining assets will pass to the general endowment of Princeton University. IRS 501(c)(3) was received 7/11/2022, retroactive to the date of incorporation, 8/10/2021.

What it reported doing in 2025

Received 27 contributions from classmates totaling $14,050. Mailed approximately 700 solicitation letters to classmates and widows on the official Princeton University Class of 1968 mailing list in November 2025 and publicize the Class of 1968 Assistance Fund, Inc. on the official Princeton University Class of 1968 website. During 2025 we gave grants to two classmates and one widow totaling $15,930. We are actively engaged in trying to identify eligible grant recipients.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. 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: 9
  • Transparency & Controls: 100
  • Sustainability: 58
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.9%; rating input score 9
  • Program expense ratio: 8.8%; rating input score 9

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -0.9%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 4.94; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 18.4% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: 25.6% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 8.9% of revenue deployed · 8.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • 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: Mission deployment rate scored 9/100.
  • High — Financial Efficiency: Program expense ratio scored 9/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.