Industrial Relations Counselors Inc

Nonprofit profile at a glance

EIN
131624043
IRS 990-PF coverage
2012–2024
Forms available
Form 990-PF 2024
Location
Brooklyn, NY, USA
Phone
4014724470
Rating
83
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$772,164
Expenses
$583,678

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

Overview

Mission

Industrial Relations Counselors Inc is a nonprofit. Location: Brooklyn, NY. EIN 131624043. Tax year 2024 Form 990-PF reports $772K revenue and $584K expenses.

What it reported funding in 2024

The foundation reported 8 grants totaling $98,840. The stated grant purposes included agent-based simulation: quantifying the impact of better frontline jobs on business performance. the goal of this project is to develop a computer simulation that quantifies the link between elevating the workplace experience of frontline workers and superior business results. the goal is to amplify and enhance the value of foundational research into job quality and human capital measures that both improve the worker experience and drive business performance, with a decision-support tool to test and evaluate the likely outcomes of various job-quality scenarios., future of work fellowship. this grant is to support the ilr future of work fellowships at cornell university. the future of work fellowship program is funded by an alumni gift and supports postdoctoral researchers and doctoral students who work with cornell ilrs faculty on innovative research projects related to the future of work., and richard a. beaumont memorial scholarship 2024 and 2025. this grant is being used to fund one-half of an annual scholarship for a student pursuing a masters degree in human resources or a related field. the other half is being funded by the national academy of human resources (nahr) foundation. the scholarship is in memory of richard a. beaumont, ircs former director of research and trustee emeritus, who also was a founding member of nahr. the scholarship is administered by the society for human resources management (shrm) foundation., plus 5 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 17
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 96

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 53rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 16.9%; rating input score 17; 9th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 96.92; rating input score 96; 96th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 96th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Cost Efficiency: Grant expense ratio scored 17/100.
  • Review — Compliance: Part VII-B activity disclosures: Grants to organizations not reported.