Frank Fernicola Charitable Foundation
Nonprofit profile at a glance
- EIN
- 832382398
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- San Diego, CA, USA
- Phone
- 8589002364
- Rating confidence
- Limited
- Sector
- Public Foundations
Reported finances
- Revenue
- $0
- Expenses
- $42,968
- Assets
- $19,646
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- FRANK FERNICOLA (DIRECTOR PRESIDENT)
People named in this filing
- FRANK FERNICOLA (DIRECTOR PRESIDENT)
- JODY DECKER (DIRECTOR TREASURER)
- MARIO SAGGESE (DIRECTOR SECRETARY)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To give aid to children in san diego county for their education, to aid children by supporting organizations that benefit children up through their teenage years, to aid people who have suffered financial hardship and/or have low income and are deserving due to their actions.
What it reported doing in 2024
To give aid to children in san diego county for their education, to aid children by supporting organizations that benefit children up through their teenage years, to aid people who have suffered financial hardship and/or have low income and are deserving due to their actions that benefit others including giving aid to veterans.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Accountability: 51
- Sustainability: 20
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 98.9%; rating input score 99
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 22nd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- 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: Limited
- Total-asset coverage ratio: 0.46; rating input score 16; 16th 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 60; 60th percentile among comparable filings
Growth
- Program expense growth: 16.5% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: -58.2% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -26.4% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 98.9% of spending went to programs
- Governance: 2 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $43K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.