Jennie Goas Silverman Foundation Inc

Nonprofit profile at a glance

EIN
821772582
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024
Location
Chicago, IL, USA
Phone
7082757393
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Reported finances

Revenue
$36,815
Expenses
$42,203
Assets
$158,192
Liabilities
$0

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

Leadership & pay

2 people listed

Executive titles in this filing

  • Nicole Ottolino (President)

People named in this filing

  • Nicole Ottolino (President)
  • Keeley Favoino (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The Jennie Goas Silverman Foundation's mission is to spread the sparkle, spirit, and brilliance that Jennie brought to all her interactions in the following ways: By creating a scholarship to fund to encourage and aid underprivileged students in the community Jennie taught (CPS). By raising awareness and funds through philanthropy to support the research of triple negative breast cancer. By hosting an annual fundraiser to gather Jennie's community together and raise funds and awareness for the cause.

What it reported doing in 2024

By creating a scholarship to fund to encourage and aid underprivileged students in the community Jennie taught (CPS). By raising awareness and funds through philanthropy to support the research of triple negative breast cancer. By hosting an annual fundraiser to gather Jennie's community together and raise funds and awareness for the cause.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.6%; rating input score 45
  • Program expense ratio: 38.9%; rating input score 39

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -14.6%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 3.75; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.4% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 44.6% of revenue deployed · 38.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 39/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 27/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.