Joan and Kenneth Katen Charitable Foundation

Nonprofit profile at a glance

EIN
993055168
IRS 990-PF coverage
2024–2024
Forms available
Form 990-PF 2024
Location
New York, NY, USA
Phone
2124015750
Rating
68
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Human Service Organizations

Reported finances

Revenue
$-149,243
Expenses
$226,570

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

Overview

Mission

Human Service Organizations

What it reported funding in 2024

The foundation reported 9 grants totaling $45,000. The stated grant purposes included through our family of brands, the wnet group creates and presents life-changing media made for, and possible by, an engaged public. we use the power of media to educate, inform, entertain and inspire audiences everywhere., guided by the gospel and in service to newark and its surrounding communities, st. benedict's prep builds community, tends to the heart, educates the mind and develops leaders., and covenant house builds a bridge to hope for young people facing homelessness and survivors of trafficking through unconditional love, absolute respect, and relentless support. our doors are open 24/7 in 34 cities across the americas and our high-quality programs are designed to empower young people to rise and overcome adversity, today and in the future, plus 6 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

SUPPORTED - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of spending goes to grants and a relatively small share of available resources goes to charitable grants.

Rating breakdown

  • Grant Deployment: 47
  • Cost Efficiency: 20
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 97

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 46.8%; rating input score 47; 6th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 19.9%; rating input score 20; 9th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • 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: Pass
    • 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: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 125.05; rating input score 97; 97th 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: 46.8% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 97th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Contacts: How to reach this organization
  • Money network: 11 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.

  • High — Cost Efficiency: Grant expense ratio scored 20/100.
  • Moderate — Grant Deployment: Grant deployment ratio scored 47/100.