David Cone Foundation Inc
Nonprofit profile at a glance
- EIN
- 134007196
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2018
- Location
- New York, NY, USA
- Phone
- 9177702695
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $73,625
- Expenses
- $54,979
- Assets
- $51,170
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- DAVID CONE (PRESIDENT)
- ANDREW LEVY (VICE PRESIDENT)
People named in this filing
- DAVID CONE (PRESIDENT)
- ANDREW LEVY (VICE PRESIDENT)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
David cone foundation, inc. (the "foundation") is a not-for profit corporation, which was incorporated on april 30,1998, under the laws of the state of New York. The foundation accepts contributions and organizes various fundraising events in order to make charitable contributions to organizations that are exempt from taxation under section 501(c) (3) of the internal revenue code of 1986, as amended. Major fundraising events are milestone anniversary galas and periodic softball tournaments whose teams are coached by volunteer professional baseball players.
What it reported doing in 2024
Make-a-wish foundation - the foundation covered the cost of a yankeee stadium suite for the charity to grants wishes to children and individuals afflicted with disease
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 93
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.7%; rating input score 71
- Program expense ratio: 94.7%; rating input score 95
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 25.3%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 100% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 45.1% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 70.7% of revenue deployed · 94.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $52K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.