Franklin Township Dr Martin Luther King Community Foundation Inc
Nonprofit profile at a glance
- EIN
- 473349475
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024
- Location
- Somerset, NJ, USA
- Phone
- 7322397798
- Rating confidence
- Limited
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $-6,990
- Expenses
- $12,230
- Assets
- $5,408
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- SGT SEAN HEBBON (PRESIDENT)
People named in this filing
- SGT SEAN HEBBON (PRESIDENT)
- GARY ROSENTHAL (1ST VICE PRE)
- DR ALEX KHARAZI (2ND VICE PRE)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Franklin township dr. Maartin luther king community foundation mission is to perpetuate the dream of dr. Martin luther king. To engage in charitable, scholarshhip or educational services and activities for individuals or entitites whose purposes and operations are exclusively charitable, and shall be in the best interest of the community. The foundation shall be a charitable, not for profit organization and its activities shall be carried on without purpose or gain for its members. The foundation shall be a non-political orgnaization.
What it reported doing in 2024
The mission of the franklin township dr. Martin luther king community foundation is to fulfill dr. King's dream of unity among the races through promotion of: 1. Racial harmony. 2. Equality and justice for all. 3. Opportunity for building strong relations between all people. 4. Educational opportunities and services 5. Scholarships for the youth of franklin township 6. Unity celebrations for the entire community one of the hallmark activities centers around the annual franklin township dr. Martin luther king community breakfast. The breakfast is a true community celebration reflecting the richness and diversity of the township. Each year 400-500 people gather to celebrate and commemorate the life and work of dr. Martin luther king, jr. Representing various members of the franklin community including civic, religious, government, law enforcement, business, education, arts and entertainment, etc. Since 1998 the organization has awarded over 200 franklin high school graduating seniors with scholarships totaling more than 250,000. Scholarships are given to franklin high seniors, regardless of race or religion, who are candidates at an accredited college or professional school, have demonstrated a record of community involvement and volunteerism, and have shown outstanding citizenship within the high school and community. During the fiscal year ended june 30, 2024, the organization awarded 13 scholarships totaling 13,000.00
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 16
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 81.8%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -275%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: -12.6% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -5.4% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 81.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2015 to 2024
- 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 4/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.