Hameetman Foundation

Nonprofit profile at a glance

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

3 people listed

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

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

To support education

To support, benefit and assist the California Institute of Technology.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 66.7%; rating input score 67; 48th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: -108.2%; rating input score 19; 19th percentile among comparable filings
Total-asset coverage ratio: 242.27; rating input score 97; 97th percentile among comparable filings
Liabilities to assets ratio: 0.07; rating input score 20; 20th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Program expense growth: 1.4% per year; rating input score 100; 55th percentile among comparable filings
Revenue growth: -51% per year; rating input score 0; 8th percentile among comparable filings
Asset growth: -7.7% per year; rating input score 0; 16th percentile among comparable filings

Where the money goes: 71.3% of spending went to programs
Governance: 0 of 3 board members independent · 2 of 7 filing controls reported
Programs: 1 filed program accomplishment · $15K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 13 of 14 current checks pass · 1 finding to review
Schedules: 4 filed schedules · includes grants
Filing history: 12 filing years from 2013 to 2024
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: 1 filed related-organization link
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.

Signals prioritize questions for review. They are not findings of misconduct.

High — Accountability: Independent voting board scored 0/100.
High — Accountability: Governance controls: 4 of 6 not reported.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Operating margin scored 19/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 20/100.