F2 Foundation

Nonprofit profile at a glance

EIN
412067100
IRS 990-PF coverage
2012–2017
Forms available
Form 990-PF 2017
Location
Corning, CA, USA
Phone
5308244124
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Private Independent Foundations

Reported finances

Revenue
$83,922
Expenses
$268,984

Source: IRS Form 990-PF. Selected filing: tax year 2017. Amounts in USD.

Overview

Mission

Private Independent Foundations

What it reported funding in 2017

The foundation reported 6 grants totaling $163,500. The stated grant purposes included general operations fund (2 contributions 4/3/17 and 11/6/17), general operations fund, and to provide for monthly overhead (utilities, repair, wages to support ongoing operations) -$39,000to repair damage to barn and install survellance system - $5,000to pay property taxes on easement property - $5,500to repair generator for field water pumping operations - $9,000to constuct fire breaks on property - $2,000for purchase of kubota tractor - $10,000for purchase of quad for field maintenance - $7,000for building repair and maintenance - $20,000for olive harvest and bottling - $21,000, plus 2 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 71% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

MIXED - The filing identifies who received its grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: NotEnoughData
  • Cost Efficiency: 61
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 24

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: Limited

Cost Efficiency

  • Grant expense ratio: 60.8%; rating input score 61; 18th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 8; rating input score 100

Endowment Health

  • Endowment-health comparison: 12.94; rating input score 24; 24th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 24th percentile for endowment coverage
  • Consistency: 8 of 8 current checks pass
  • Filing history: 6 filing years from 2012 to 2017
  • Contacts: How to reach this organization
  • Money network: 23 filed money-flow records
  • 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 — Endowment Health: Endowment-health comparison scored 24/100.
  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.