Food Dreams a Jean-georges Foundation

Nonprofit profile at a glance

EIN
812549589
IRS 990-EZ coverage
2016–2022
Forms available
Form 990-EZ 2022
Location
New York, NY, USA
Phone
2126971000
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Food Programs

Official website

Reported finances

Revenue
$11,586
Expenses
$38,760
Assets
$119,455
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • LOUISE VONGERICHTEN (PRESIDENT)

People named in this filing

  • LOUISE VONGERICHTEN (PRESIDENT)
  • JEAN-GEORGES VONGERICHTEN (BOARD MEMBER)
  • CEDRIC VONGERICHTEN (SECRETARY/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Food dreams, a jean-georges foundation, is a nonprofit organization based on principles of family values and hard work that is dedicated to bridging the gap between students and the working culinary community. The foundation will provide scholarships to individuals pursuing a career in the culinary arts. The purpose of the scholarships is to provide financial assistance to individuals who would not otherwise be able to attain their educational objectives.

What it reported doing in 2022

Food dreams has partnered with renowned culinary institute of america, offering scholarships and job placement opportunities to program graduates in some of the world's best restaurants to help fulfill students' dreams of becoming a chef.creation of paid one-year training program for graduates in diverse culinary venues.

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 86% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 39
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -234.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 3.08; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 20.3% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: -26.9% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -2.8% per year; rating input score 0; 29th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $39K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2016 to 2022
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.