Freeport Educational Foundation Inc

Nonprofit profile at a glance

EIN
463091689
IRS 990-EZ coverage
2015–2022
Forms available
Form 990-EZ 2022, Form 990-N 2014
Location
Freeport, NY, USA
Phone
5168675212
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$83,347
Expenses
$7,142
Assets
$186,076

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BUTCH YAMALI (PRESIDENT)

People named in this filing

  • BUTCH YAMALI (PRESIDENT)
  • CARMEN PINEYRO-MENDOZA (SECRETARY)
  • PATRICIA FULTON (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-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation provides financial and creative support for the freeport schools' educational and extra-curricular programs by providing funding and services in order to enrich the educational experience of the students within the school district. The foundation will establish grants to supplement, strengthen, and enrich the school curriculum. The grants will be used to develop and promote innovative and meaningful programs and activities in the freeport schools which support additional student educational opportunities, to provide financial assistance for special school facilities and equipment, and to support additional training for faculty members by expending monies for education in the courses that they teach.

What it reported doing in 2022

The mission of the freeport educational foundation is to change the lives of children by funding innovative programs and providing extraordinary learning experiences. The fef raises money through outreach to alumni and community residents, as well as through corporate sponsors and individual donors.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 31
  • Transparency & Controls: 100
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.4%; rating input score 7
  • Program expense ratio: 70%; rating input score 70

Transparency & Controls

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

Sustainability

  • Operating margin: 91.4%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 26.05; rating input score 96; 96th 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: -5.1% per year; rating input score 0; 39th percentile among comparable filings
  • Revenue growth: 0.3% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 7.4% of revenue deployed · 70% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2015 to 2022
  • 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 — Financial Efficiency: Mission deployment rate scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.