Fredette Family Foundation

Nonprofit profile at a glance

EIN: 453981809
IRS 990-EZ coverage: 2022–2023
Forms available: Form 990 2021, Form 990-EZ 2023, Form 990-PF 2018
Location: Provo, UT, USA
Phone: 8034467845
Rating: 70
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Private Grantmaking Foundations

Reported finances

Revenue: $113,741
Expenses: $171,744
Assets: $47,800
Liabilities: $2,520

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

Albert Fredette (President & CEO)

People named in this filing

Blair Giles (Director)
Albert Fredette (President & CEO)
Robert Brough (Director)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Kindness program for 50,000 students. The program is operated in 50 schools in 9 States and made possible with donated revenue and goods.

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: 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 69
Transparency & Controls: 82
Sustainability: 13
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 79%; rating input score 79
Program expense ratio: 52.3%; rating input score 52

Transparency & Controls

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

Sustainability

Operating margin: -51%; rating input score 2; 2nd percentile among comparable filings
Total-asset coverage ratio: 0.28; rating input score 23; 23rd percentile among comparable filings
Liabilities to assets ratio: 0.05; rating input score 30; 30th percentile among comparable filings
Officer compensation ratio: 27.9%; rating input score 13; 13th percentile among comparable filings

Growth

Program expense growth: 4.8% per year; rating input score 100; 47th percentile among comparable filings
Revenue growth: -32% per year; rating input score 0; 1st percentile among comparable filings
Asset growth: -50.8% per year; rating input score 0; 3rd percentile among comparable filings

Details

Where the money goes: 79% of revenue deployed · 52.3% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $90K in reported program spending
Leadership: top reported pay $0 · 7 people listed
Consistency: 7 of 7 current checks pass
Schedules: 2 filed schedules
Filing history: 2 filing years from 2022 to 2023
Contacts: How to reach this organization
Money network: 7 filed money-flow records
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.

Review — Financial Efficiency: Program expense ratio scored 52/100.
High — Sustainability: Operating margin scored 2/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 23/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 13/100.
Moderate — Sustainability: Liabilities to assets ratio scored 30/100.