Frederick D Suydam Memorial Association Inc

Nonprofit profile at a glance

EIN
932903299
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Elmhurst, NY, USA
Rating confidence
Limited
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$44,730
Expenses
$23,932
Assets
$20,798

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • MARK B CODD (President)
  • THOMAS BARDEN (Vice President)
  • KEVIN FITZGERALD (Vice President)
  • JOSEPH GALLIGAN (Vice President)

People named in this filing

  • MARK B CODD (President)
  • THOMAS BARDEN (Vice President)
  • KEVIN FITZGERALD (Vice President)

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

Driving school and autocross - events to teach safe and skillful driving

What it reported doing in 2024

Frederick D. Suydam had been a successful New York City Insurance Brokerassociated with the firm of Murray, Vanderpoel and Baker, Inc. He was a tenth generation New Yorker descended from one of the original Dutch families that settled the City of New York, then known as Nieuw Amsterdam.During World War I, Mr. Suydam was a commissioned officer in the Field Artillery ofthe U.S. Army. In February 1943, he re-enlisted in the Army and attained the rank of Major in the Counter-Intelligence Corps. Here he developed a great respect for law enforcement, as well as a strong belief that professionals in this field did not receive appropriate recognition for efforts to improve cooperation among their peers.After his return to New York City, it became his custom to host a dinner once or twice a year to honor outstanding individuals in law enforcement in recognition of their efforts to build that cooperative spirit. Fred Suydam felt that these dinners had the beneficial effect of bringing professionals together on an intimate basis. He believed this both facilitated cooperation between law enforcement agencies and formed strong professional relationships.Following Mr. Suydams death in 1960 several of those who had attended thesedinners felt it appropriate to commemorate his good work by continuing these dinners in his honor.Since 1960, this Association has - with the assistance of past and present officers - continued the tradition of this dinner to identify that person active in the lawenforcement/intelligence field/private sector security firms who best exemplifies the spirit of service, integrity and dedication to the ideals supporting the work all do.Although Fred Suydam is no longer with us, the dynamic he created by this dinner, and the purpose it originally sought to serve are still the outright goal of this Association and this dinner.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 61
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 46.5%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 0.87; rating input score 42; 42nd 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: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.