Dr Martin Luther King Jr Neighborhood Family Center Inc

Nonprofit profile at a glance

EIN
270435230
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Clearwater, FL, USA
Phone
7272215288
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$808,282
Expenses
$811,340
Assets
$345,082
Liabilities
$259,938

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • LISA HARRIS (PRESIDENT)
  • TERRY JONES (CEO)

Highest reported compensation

  • TERRY JONES (CEO): $73,537 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Enriching the lives of children and families in the spirit of community by providing access to resources and support that help them achieve their life goals.

What it reported doing in 2023

The center operates three main program areas: youth development services, family development services, and community partnerships. 236 unduplicated children receive after school care, tutoring and other enrichment activities to increase academic and social skills. The center also serves adults through events, classes, workshops and one-time services (fax, copies, notarizations, etc). Adults/families receive case management and referral services to access basic needs based on an average engagement of 6 months. The agency has developed many partnerships with the community's local agencies and local government to provide a network of seamless services to our families.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 94% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.3%; rating input score 83
  • Program expense ratio: 83%; rating input score 83
  • Fundraising efficiency: $67.21 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 56.8%; rating input score 57; 30th 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; 63rd 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: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.4%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 9.1%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 19.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 83.3% of revenue deployed · 83% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $674K in reported program spending
  • Leadership: top reported pay $74K · 5 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Transparency & Controls: Grant itemization coverage scored 57/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.