Greg and Peggy Sarandi Foundation

Nonprofit profile at a glance

EIN: 330896522
IRS 990-EZ coverage: 2017–2020
Forms available: Form 990-EZ 2020
Location: Irvine, CA, USA
Phone: 6026256382
Rating: 55
Verdict: MIXED
Rating confidence: Moderate
Sector: Private Independent Foundations

Reported finances

Revenue: $16,015
Expenses: $26,676
Assets: $67,072

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

GREG SARANDI (CEO)

People named in this filing

GREG SARANDI (CEO)
DUG WRIGHT (Secretary)
PEGGY SARANDI (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide funds to local tax exempt organizations that provide support for the community.

What it reported doing in 2020

Provides funds to local tax exempt organization that benefit the community.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 36
Transparency & Controls: 82
Sustainability: 32
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 41.7%; rating input score 42
Program expense ratio: 25%; rating input score 25

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -66.6%; rating input score 16; 16th percentile among comparable filings
Total-asset coverage ratio: 2.51; rating input score 60; 60th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: Limited
Revenue growth: 53.6% per year; rating input score 100; 98th percentile among comparable filings
Asset growth: 3.8% per year; rating input score 100; 52nd percentile among comparable filings

Details

Where the money goes: 41.7% of revenue deployed · 25% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $7K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 6 of 7 current checks pass · 1 finding to review
Schedules: 2 filed schedules
Filing history: 4 filing years from 2017 to 2020
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
High — Financial Efficiency: Program expense ratio scored 25/100.
Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
High — Sustainability: Operating margin scored 16/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.