Grant Cardone Foundation Inc

Nonprofit profile at a glance

EIN
823244679
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Location
Aventura, FL, USA
Phone
3107770255
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Financial Counseling

Official website

Reported finances

Revenue
$3,962,014
Expenses
$632,000
Assets
$10,380,395
Liabilities
$52,368

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • DJ IRIE (DIRECTOR): $13,083 total reported compensation
  • CLAUDIENNE HIBBERT- SMITH (DIRECTOR): $12,000 total reported compensation
  • EDWARD HAYNES (DIRECTOR): $12,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide mentoring and financial literacy education that empowers individuals to achieve personal and economic stability. We focus especially on serving underprivileged, at-risk, and economically disadvantaged populations by offering guidance, resources, and support designed to build confidence, promote informed financial decision-making, and foster pathways toward long-term success.

What it reported doing in 2024

The foundation supports a range of impactful programs aimed at enhancing the education, mentorship, and overall development of young children and adolescents. These initiatives provide critical resources, including career guidance, to help youth build a strong foundation for the future. The foundation places a particular emphasis on high-impact educational programs centered on financial literacy, entrepreneurship, and personal development.the foundation awards grants to various tax-exempt organizations whose missions align with the care and development of children, including those in the foster care system. Through these efforts, the foundation seeks to create lasting positive change in the lives of young people.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 71% for direct work, and 29% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 67
  • Accountability: 64
  • Sustainability: 90
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.5%; rating input score 16
  • Program expense ratio: 82.5%; rating input score 83
  • Fundraising efficiency: $84.89 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 76.1%; rating input score 76; 20th 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: 1 of 8 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • 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: 84%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 16.42; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 5.9%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 43.8% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 35.7% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 39.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 16.5% of revenue deployed · 82.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 1 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $521K in reported program spending
  • Leadership: top reported pay $13K · 7 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 8 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.