Friends of St Mary's
Nonprofit profile at a glance
- EIN
- 464898142
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Dubuque, IA, USA
- Phone
- 5635562580
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $329,404
- Expenses
- $243,783
- Assets
- $9,162,568
- Liabilities
- $916
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- JUDY WOLF (PAST PRESIDENT)
- PAT MCCULLOUGH (VICE PRESIDENT)
- TERRANCE FRIEDMAN (PRESIDENT)
People named in this filing
- ADAM PORTZEN (DIRECTOR)
- ADAM SCHWENDINGER (DIRECTOR)
- ANDERSON SAINCI (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The st mary's campus will serve as a collaborative, multi-tenant, inclusive center, providing an attractive hub for social life and community support while preserving its historic fabric and features. The repurposed campus will be an agent for positive change and a catalyst for restoring lives, citizen engagement, neighborhood empowerment and community vibrancy.
What it reported doing in 2024
Serve as a collaborative, multi-tenant, inclusive center, providing an attractive hub for social life and community support while preserving its historic fabric and features. The repurposed campus will be an agent for positive change and a catalyst for restoring lifes, citizen engagement, neighborhood employment and community vibrancy.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, and 52% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 100
- Accountability: 82
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.7%; rating input score 42
- Program expense ratio: 57.8%; rating input score 58
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- 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: 26%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 37.58; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 22.7% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: -7.2% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 15.1% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 41.7% of revenue deployed · 57.8% of spending went to programs
- Governance: 29 of 29 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $141K in reported program spending
- Leadership: top reported pay $0 · 29 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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 — Financial Efficiency: Mission deployment rate scored 42/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.