Harry Dallara Memorial Foundation Inc Co Charles Dallara

Nonprofit profile at a glance

EIN
472102968
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2014
Location
New York, NY, USA
Phone
2129082606
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Foundations
Affiliation
Christianity

Reported finances

Revenue
$205,352
Expenses
$42,686
Assets
$531,057
Liabilities
$0

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

Leadership & pay

9 people listed

People named in this filing

  • Adrian Dallara (Director)
  • Charles Dallara (Chairman/Treasurer)
  • Don McCutchan (Director)

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.

Overview

Mission

The harry dallara memorial foundation was established to honor the life and memory of harry anthony joseph dallara (1917-2012) by supporting additions and upgrades to harmon field in tryon, North Carolina. The improvements are intended to enhance the enjoyment of those who make use of harmon field, to promote additional interest in this family-oriented athletic facility, and to build bridges across all parts of the tryon community and the piedmont region. We would like to increase the use of harmon field by creating opportunities for individuals from a broader range of socioeconomic and ethnic backgrounds, resulting in the facility's becoming an expanded resource for the entire community. We propose to work through area churches, civic organizations, and private businesses to increase participation in local sports leagues, thereby involving a larger portion of the community by increasing the athletic and community-building opportunities for residents of the greater piedmont region.

What it reported doing in 2024

As per description of primary exempt purpose, funds were expended for Harmon Field (baseball field) additions and upgrades as well as grants to other charitable organizations with a similar mission.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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: 43
  • Transparency & Controls: 100
  • Accountability: 64
  • Sustainability: 90
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.7%; rating input score 27
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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 7 controls in place; rating input score 14
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 79.2%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 12.44; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.8% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 26.7% of revenue deployed · 83.6% of spending went to programs
  • Governance: 10 of 10 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $36K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 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 — Financial Efficiency: Mission deployment rate scored 27/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.