Inner City Scholarship Fund Inc

Nonprofit profile at a glance

EIN
510453629
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2127538583
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$48,828,788
Expenses
$28,805,291
Assets
$143,162,491
Liabilities
$794,709

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

Leadership & pay

44 people listed

Executive titles in this filing

  • PETER T GRAUER (TRUSTEE/PRESIDENT)
  • ANTHONY J DE NICOLA (TRUSTEE/VICE PRESIDENT)
  • MICHAEL P ESPOSITO III (TRUSTEE/VICE PRESIDENT)
  • CATHERINE M KEATING (TRUSTEE/VICE PRESIDENT)
  • THOMAS S MURPHY JR (TRUSTEE/VICE PRESIDENT)
  • JILL LLOYD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JILL LLOYD (EXECUTIVE DIRECTOR): $301,316 total reported compensation
  • MARY C BROWN (CHIEF OF FINANCE AND OPERATIONS): $193,455 total reported compensation
  • KIMBERLY BRANACH (DIRECTOR OF DEVELOPMENT): $185,694 total reported compensation

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

Overview

Mission

Inner-city scholarship fund (icsf) ensures that the gift of an excellent k-12 catholic school education in the archdiocese of New York continues to be a viabe option for both current and future students of all faiths. See schedule o.

What it reported doing in 2024

Financial aid grants: financial aid grants for under-serviced catholic schools, and department of education of the archdiocese of New York. These grants could be for student scholarships, enrichment, opportunities, and capital repairs or general operations.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 71
  • Accountability: 91
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.7%; rating input score 61
  • Program expense ratio: 86%; rating input score 86
  • Fundraising efficiency: $15.06 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.9%; rating input score 100; 39th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 41%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 4.97; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 60.7% of revenue deployed · 86% of spending went to programs
  • Governance: 37 of 37 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $24.8M in reported program spending
  • Leadership: top reported pay $301K · 44 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $872K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 79 filed money-flow records
  • Related organizations: 75 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 50/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.