Ea Foundation of Ny Inc
Nonprofit profile at a glance
- EIN
- 455357449
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2127802300
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonmonetary Support N.E.C.
Reported finances
- Revenue
- $852,000
- Expenses
- $2,236,255
- Assets
- $39,194,690
- Liabilities
- $334,319
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RICHARD BAUM (VICE PRESIDENT & CEO)
Highest reported compensation
- RICHARD BAUM (VICE PRESIDENT & CEO): $485,075 total reported compensation
- ANYA HOERBURGER (SECRETARY): $283,068 total reported compensation
- MARK ENSELMAN (ASSISTANT TREASURER/CFO): $244,587 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation holds title to, and manages the premises at which the educational alliance will provide services to residents of New York city, as described above. Alliance holdings, inc. An affliate of the educational alliance transferred title to the community facility condominium located at 179 henry street to the foundation. The educational alliance transferred fee title to the remaining portion of the premises (located at 179 henry) to the foundation. The foundation entered into the nmtc transaction as a qualified active low income business ("qalicb") as defined in reg. 1.4sd(d)(4)(i). As a qalicb, the foundation will be engaged in the active conduct of a trade or business in an activity that furthers its purpose as a nonprofit corporation.
What it reported doing in 2024
The foundation is a supporting organization to the educational alliance and it is supporting it through grants and other supporting activities.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 69% 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. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 68
- Accountability: 33
- Sustainability: 43
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 55.4%; rating input score 55
- 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; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 16.7%; rating input score 17; 9th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -162.5%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 17.53; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 20.6% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: -3.6% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 55.4% of spending went to programs
- Governance: 1 of 6 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $485K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 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.
- High — Accountability: Independent voting board scored 17/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.