Islanders Children's Foundation Inc C/o New York Islanders Hockey Club

What it reported doing in 2024

Grow the game/hockey youth investment: one of the foundation's largest accomplishments is its commitment to growing the game of hockey through targeted investments in youth programs. By enhancing local community infrastructure, the foundation has helped build rinks, improve facilities, and provide resources that make the sport more accessible. Additionally, initiatives supporting underrepresented groups have been implemented to ensure that all youth, regardless of background, have the opportunity to participate in hockey. These efforts not only promote inclusivity but also foster a love for the game, ensuring its future growth and sustainability. The islanders children's foundation is dedicated to enhancing community support through a range of impactful initiatives. The foundation actively assists youth in local hospitals by providing thoughtful gifts that brighten their spirits during challenging times. To prepare students for success, it organizes a backpack distribution event, ensuring they have the necessary supplies for the upcoming school year. During the holiday season, the foundation helps families in need by providing nutritious meals, fostering a sense of community and care. Additionally, it engages and supports first responders and military members, along with their families, recognizing their vital contributions and ensuring they feel valued and connected. Through these efforts, the foundation exemplifies its commitment to making a meaningful difference in the lives of those it serves.

Financial Efficiency

• Mission deployment rate: 79%; rating input score 79
• Program expense ratio: 94.7%; rating input score 95
• Fundraising efficiency: $15.52 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 24th 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: 72.6%; rating input score 73; 33rd 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; 63rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • 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: 17.3%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 1.99; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
• Officer compensation ratio: Limited

Growth

• Program expense growth: 1.3% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 33rd percentile among comparable filings
• Asset growth: 21.6% per year; rating input score 100; 84th percentile among comparable filings