Donald B Tanklage and Carole F Tanklage Foundation
Nonprofit profile at a glance
- EIN
- 200089179
- IRS 990 coverage
- 2010–2019
- Forms available
- Form 990 2019
- Location
- Novato, CA, USA
- Phone
- 4154642500
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $160,782
- Expenses
- $15,484,652
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- THOMAS PETERS PHD (PRESIDENT AND CEO)
Highest reported compensation
- THOMAS PETERS PHD (PRESIDENT AND CEO): $677,805 total reported compensation
- SA HARTMAN (CFO): $418,381 total reported compensation
- ALEXANDRA DERBY (DIRECTOR): $276,667 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The donald b. Tanklage and carol f. Tanklage foundation is a California non-profit public benefit corporation organized as a supporting organization of the marin community foundation ("mcf"). The donald b. Tanklage and carol f. Tanklage foundation engages in charitable activities that are consistent with the charitable purposes of mcf. Mcf's mission is to encourage and apply philanthropic contributions to help improve the human condition, embrace diversity, promote a humane and democratic society, and enhance the community's quality of life, now and for future generations.
What it reported doing in 2019
To encourage and apply philanthropic contributions to help improve the human condition. During the fiscal year ended june 30, 2020, the foundation awarded 30 grants in the amount of $15,409,350.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 68
- Accountability: 54
- Sustainability: 5
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- 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; 79th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 45.5%; rating input score 45; 14th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -9,530.8%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.5%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 71.6% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 28.4% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: -4.5% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: 5 of 11 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $15.5M in reported program spending
- Leadership: top reported pay $678K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 16 current checks pass
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 10 filing years from 2010 to 2019
- Contacts: How to reach this organization
- Money network: 30 filed money-flow records
- Related organizations: 43 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.
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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 45/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.