David Gorczyca Memorial Foundation

Nonprofit profile at a glance

EIN
262471825
IRS 990-EZ coverage
2010–2011
Forms available
Form 990-EZ 2011
Location
Westfield, NJ, USA
Phone
2032492230
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$37,488
Expenses
$32,565
Assets
$10,737

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

3 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation, created to honor the memory of david gorczyca, was created to benefit people in need. The foundation makes grants to benefit families whose lives have been recently affected by tragedy. Through these grants the foundation seeks to further david gorczyca's generousity of spirit and encourage others to live their lives to benefit those less fortunate.

What it reported doing in 2011

In 2011 the foundation continued their mission by making disbursements to two families that suffered recently to tragic losses. In 2011 the foundation distributed 15,000 to the chiramonte children's fund for their future college education funds after losing both parents in a relatively short time. The final distribution in 2011 was in the amount of 1,000 to jamie grasso the wife of anthony grasso who died at the age of 52, of cancer, leaving behind his wife and four children. The money is to be used to help pay off medical bills and set up a fund for his children's future college education.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue 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: 45
  • Transparency & Controls: 82
  • Sustainability: 40
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.7%; rating input score 43
  • Program expense ratio: 49.1%; rating input score 49

Transparency & Controls

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

Sustainability

  • Operating margin: 13.1%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -43.9% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: 16.9% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 59.5% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 42.7% of revenue deployed · 49.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2010 to 2011
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.