Iaco Immigration and American Citizenship Organization Inc
Nonprofit profile at a glance
- EIN
- 223687930
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Paterson, NJ, USA
- Phone
- 9734724648
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Legal Services
Reported finances
- Revenue
- $1,469,367
- Expenses
- $1,468,031
- Assets
- $741,320
- Liabilities
- $461,884
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Gustavo Ramirez (Executive Director)
- Lorenzo Hernandez (President)
Highest reported compensation
- Gustavo Ramirez (Executive Director): $103,750 total reported compensation
- Ileana Montes (Deputy Director Legal Counsel): $94,275 total reported compensation
- Jose Cohen CPA (CFO): $30,583 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist immigrants in their process of development, adaptation and stabilization into american societsociety
What it reported doing in 2024
Cultivating access, rights and equity program care - helps immigrants identify their responsibilities, obligations, and labor rights before society. Provides them with information about services programs that are available to them and how to access them so that they can participate in the creation of a safer, more stable, and just society.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.7%; rating input score 90
- Program expense ratio: 89.8%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.1%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 17.2%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 10.6% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 10.1% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 22.5% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 89.7% of revenue deployed · 89.8% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $104K · 12 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 36/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 19/100.