Greater Waldorf Jaycees Foundation

Nonprofit profile at a glance

EIN
521344281
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Waldorf, MD, USA
Phone
3018432233
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$445,571
Expenses
$560,908
Assets
$2,031,771
Liabilities
$357,692

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Frank Hollewa (Executive Director)
  • Kevin Wedding (President)
  • Pamela Thompson (Vice President)

Highest reported compensation

  • Deana Zelaya (Catering Coordinator): $83,090 total reported compensation
  • Iris Garay (Catering Chef): $60,590 total reported compensation
  • Owen Day (Property Manager): $36,400 total reported compensation

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

Overview

Mission

See Attached

What it reported doing in 2024

The Greater Waldorf Jaycee Foundation, Inc. raises funds through two fundraising efforts; Bingo and Catering. The fundraising from the Foundations efforts are then donated to the many charitabe groups and individuals (scholarships) in the local community. (see the attached lists of community donations) In 1992 the Foundation constructed a new community center in Waldorf, Maryland from which it conducts all of its activities. The Center was expanded several times since. This community center provides a cost-free meeting place for many community organizations such as senior citizens groups, disabled citizens, town hall meetings, political and educational forums, as well as the activities of the local Jaycee chapter. The building also provides large areas for the Foundations Bingo, and Catering funtions. Officers and Directors receive no compensation for their services. In 2009 the Foundation brought into its scope of activities another entity via a merger. This entity, Jaycee Housing for the Elderly, Inc., had functioned as a separate corporation renting subsidized housing to senior citizens. This activity was always a focus of the Foundation and was supported and managed by the Foundation as a part of its ongoing effort with senior citizen activities. The Jaycee Housing for the Elderly operations are included in this return.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
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. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 64
  • Accountability: 79
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 0%; rating input score 0; 19th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -25.9%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 3.62; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 32.1%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -4.2% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -3.4% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -2.7% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 32 of 32 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $561K in reported program spending
  • Leadership: top reported pay $83K · 7 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.