Greater St Louis Inc Foundation

Nonprofit profile at a glance

EIN
431478096
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
St Louis, MO, USA
Phone
3142315555
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,218,922
Expenses
$7,177,354
Assets
$16,061,435
Liabilities
$1,434,646

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

Leadership & pay

4 people listed

Executive titles in this filing

  • VALERIE PATTON (PRESIDENT)

Highest reported compensation

  • JASON HALL (SECRETARY): $541,848 total reported compensation
  • VALERIE PATTON (PRESIDENT): $205,250 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 is organized and shall at all times be operated exclusively for the benefit of, to perform the functions of, or to carry out the purpose of, within the meaning of code section 509(a)(3), greater st. Louis, inc. (the "supported organization"); provided, however, that the supported organization remains recognized and described in section 509(a)(2), if it were an organization described in section 501(c)(3).

What it reported doing in 2024

Greater st. Louis, inc. Foundation is a type 1 supporting entity to greater st. Louis, inc. Greater st. Louis, inc. Foundation provides funding for eligible programs and activities carried out by greater st. Louis, inc., such as the fellows experience, promoting the region's global competitiveness, and enhancing the vibrancy and safety of downtown st. Louis. The supported organization, greater st. Louis, inc., carried out multiple initiatives in 2024 in furtherance of eligible activities. Including: graduating 100+ rising executives from the fellows experience; scaling up the supplystl initiative to support the growth of diverse-owned businesses; marketing and promoting the economic vibrancy of downtown st. Louis; and conducting street festivals and activities in downtown.

Operating model

Revenue model
Donor-supported. 89% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79%; rating input score 79
  • Program expense ratio: 99.8%; rating input score 100
  • 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22.1%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 2.24; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 35.1% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 30% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 23.1% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 79% of revenue deployed · 99.8% of spending went to programs
  • Governance: 2 of 2 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.2M in reported program spending
  • Leadership: top reported pay $542K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 6 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.