Geneva College Foundation
Nonprofit profile at a glance
- EIN
- 844612991
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Beaver Falls, PA, USA
- Phone
- 7248475568
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $5,386,735
- Expenses
- $2,246,649
- Assets
- $14,683,963
- Liabilities
- $239,796
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARVIN DEWEY (PRESIDENT)
- KIM HILL ADMIN ASSISTANT (TO PRESIDENT)
Highest reported compensation
- TIMOTHY BAIRD (CFO): $194,553 total reported compensation
- MARVIN DEWEY (PRESIDENT): $170,446 total reported compensation
- KIM HILL ADMIN ASSISTANT (TO PRESIDENT): $96,284 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation shall be organized, and at all times shall be operated, (unless otherwise approved by the sole member) to carry out the purposes of and to benefit and support the college, including, but not limited to: (see continuation on schedule o)(a) fundraising on behalf of the college;(b) cultivating donors to the college;(c) maintaining and advancing college alumni relations;(d) stewardship, and effective management and administration, of endowment and other funds held for the benefit and support of the college;(e) accounting for contributions for the benefit and support of the college that are made with or without restrictions and for endowment funds that are temporarily restricted or permanently restricted;(f) providing funding for the benefit and support of the college; and(g) contributing to capital, making loans and grants, and providing other financial assistance to the college.
What it reported doing in 2024
All activities of the foundation are for the sole benefit of geneva college. All grants were gifted to the foundation's sole member, geneva college, to be used in furtherance of its mission, to provide a comprehensive education to equip students for faithful and fruitful service to god and neighbor.
Operating model
- Revenue model
- Donor-supported. 86% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 71
- Accountability: 75
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.3%; rating input score 48
- Program expense ratio: 96.9%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 58.3%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 6.54; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 19.9% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 45.6% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 48.3% of revenue deployed · 96.9% of spending went to programs
- Governance: 8 of 9 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.2M in reported program spending
- Leadership: top reported pay $195K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 21 of 21 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 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 48/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.