Friends of the Jewish Museum of Rome Inc

Nonprofit profile at a glance

EIN
472963542
IRS 990 coverage
2016–2021
Forms available
Form 990 2021, Form 990-EZ 2020
Location
New York, NY, USA
Phone
2125723774
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support
Affiliation
Judaism

Reported finances

Revenue
$417,000
Expenses
$420,180
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • RONALD S LAUDER (Pres/Director)
  • JOSEPH TUITE (Treas/CFO/Direc)
  • ALESSANDRA DI CASTRO (Sec/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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the Friends of the Jewish Museum of Rome Inc.(the "Organization") is to support charitable and educational organizations in Italy and in the U.S. The Organization's particular focus is to provide support to museums and other cultural institutions, including The Jewish Museum of Rome (the "Museum"), that protect, preserve and promote the art, artifacts and the history of the Jewish community in Rome. The Jewish Museum is located in the Great Synagogue in Rome, Italy, and is open to educational institutions as well as the general public. It is a place to discover the traditions, religion and history of the Roman Jewry, one of the oldest communities in Rome. The Museum is a division of the Jewish Community of Rome, a foreign equivalent tax-exempt organization.

What it reported doing in 2021

The organization was formed in december 2014 and commenced activities in 2016. The organization's mission is to support charitable and educational organizations in italy and in the u.s. A particular focus of the organization is to provide support for museums and other cutural institutions, including the jewish museum of rome, that protect, preserve and promote art and art artifcats.

Operating model

Revenue model
Donor-supported. 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 75
  • Accountability: 12
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.9%; rating input score 97
  • Program expense ratio: 96.1%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.8%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 19.1% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 96.9% of revenue deployed · 96.1% of spending went to programs
  • Governance: 0 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $404K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Filing history: 4 filing years from 2016 to 2021
  • 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.