Foundry Christian Community Center Inc

Nonprofit profile at a glance

EIN
273822705
IRS 990 coverage
2015–2015
Forms available
Form 990 2015, Form 990-N 2014
Location
Bowling Green, KY, USA
Phone
2709355290
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Family Services
Affiliation
Christianity

Reported finances

Revenue
$657,237
Expenses
$117,481
Assets
$539,756
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

13 people listed

People named in this filing

  • ROBERT PORTER (CHAIR)
  • JOSEPH SULLIVAN (VICE CHAIR)
  • ANNDEE CRUTCHER (SEC/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. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundry works with children to increase kindergarten-readiness rates in high poverty and unemployment areas of warren county, ky.

What it reported doing in 2015

In 2009, the Southeastern District of the United Methodist Church began seeking opportunities to engage and minister to the world. While the world is a big place, the District found a small, 3.4-square-mile corner of it in Bowling Greens West End. Early assessments pointed to high poverty and unemployment levels, a uniquely diverse culture (>40%), one of the lowest levels of education among adults citywide, and more than 30% of households headed by single women. Within months, the District purchased the former Boys and Girls Club, installed a Board of Directors, established the Foundry Christian Community Center, and began working with families. Impacts on young learning are seen in two West End schools, where kindergarten-readiness rates are among the lowest in Kentucky. That is why the District last year launched a $372,000 center renovation. The move enabled and ensured state childcare licensure and, ultimately, the October opening of two high-quality classrooms dedicated to these three- and four-year-olds. AT THE FOUNDRY, WE USE A DOUBLE DOSE OF TIME, A 1:5 TEACHER-STUDENT RATIO THAT INCLUDES CERTIFIED TEACHERS, AND ONGOING WORK WITH FAMILIES ON HOME-LITERACY ENVIRONMENTS TO SET HIGH-POVERTY CHILDREN ON A PATH TO KINDERGARTEN READINESS.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 92
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.5%; rating input score 16
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 82.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 4.59; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 16.5% of revenue deployed · 92.2% of spending went to programs
  • Governance: 13 of 13 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $108K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Financial Efficiency: Mission deployment rate scored 16/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.