Destination Tomorrow Inc

Nonprofit profile at a glance

EIN
800259180
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Bronx, NY, USA
Phone
6467233325
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
LGBT Centers

Official website

Reported finances

Revenue
$11,115,564
Expenses
$12,333,757
Assets
$4,081,077
Liabilities
$6,519,268

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

Leadership & pay

7 people listed

Executive titles in this filing

  • TOI FREDERICK (PRESIDENT)

Highest reported compensation

  • SEAN COLEMAN (EXECUTIVE DI): $439,009 total reported compensation
  • JAZMONAY CHERRY (EMPLOYEE): $119,615 total reported compensation

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

Overview

Mission

Grassroots agency located in the south bronx that provides to and for the lgbtq community. It is our belief that no one should have to leave their neighborhood to access lgbtq specific services. It is our belief that all lgbtq young people deserve a space to grow, learn, and flourish. It is our belief that people, regardless of their sexual identity of gender expression, deserve a space they can call their own.

What it reported doing in 2024

AIDS: destination tomorrow has been able to expand it's outreach by partnering with local agencies who were looking to engage members of the lgbt community. By offering our ged prep, job readiness, and support groups, our outreach team maintains relationships with community based organizations, health care facilities and middle/high schools. Our goal with these partnerships is to continue offering safe spaces for bronx residents that identiy as lgbtq. We also have gotten the opportunity to offer these supportive services to all bronx residents.

Operating model

Revenue model
Grant-funded. 86% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 14
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.5%; rating input score 84
  • Program expense ratio: 75.3%; rating input score 75
  • Fundraising efficiency: $16.12 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 71.1%; rating input score 71; 14th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 1.6; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 34.4% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 32.4% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 34.1% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 83.5% of revenue deployed · 75.3% of spending went to programs
  • Governance: 3 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $9.3M in reported program spending
  • Leadership: top reported pay $439K · 7 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 5 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 55/100.