Keller Restaurant Relief Fund C/o Blank Rome S Weissbart

Nonprofit profile at a glance

EIN
845188224
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2128855328
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$16,690
Expenses
$58,214
Assets
$178,244
Liabilities
$400

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

Leadership & pay

8 people listed

Executive titles in this filing

  • THOMAS KELLER (PRESIDENT & DIRECTOR)

People named in this filing

  • THOMAS KELLER (PRESIDENT & DIRECTOR)
  • HANNAH GROSS (DIRECTOR)
  • DAN BUNTER (DIRECTOR)

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

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

Overview

Mission

To provide timely financial assistance to the employees and former employees of entities in the thomas keller restaurant group and members of their families who are impacted by a national emergency, disaster, or other emergency hardship and thereby experience financially devastating circumstances beyond their control and means, with recipients being selected based on an objective determination of need.

What it reported doing in 2024

Until recently, there were approximately 1,200 thomas keller entity employees working in the restaurant and hospitality industry. From time to time, qualified disasters have impacted the lives of some of these individuals, and both the thomas keller restaurant group and the thomas keller entity employees have expressed a desire to provde financial assistance to such individuals in their times of need. Most recently, the outbreak of the novel coronavirus (covid-19) has impacted a substantial portion of these individuals.the keller restaurant relief fund accepts contributions and provides financial assistance to affected thomas keller entity employees, and, where appropriate, their families. The fund is managed by a board of directors comprised of thomas keller entity employees, no more than a minority of whom are substantial influencers of the thomas keller restaurant group. The board selects the recipients of financial assistance in accordance with the grant-making policy adopted by the board. Accordingly, the thomas keller restaurant group's rank and file employee representatives have majority control over all decision making with respect to qualification for and award of grants.the beneficiaries are chosen by the board based on an objective determination of need. Grants are made to reimburse or pay reasonable and necessary personal, family or living expenses incurred by employees, former employees or their families as a result of a qualified disaster or other emergency hardship, including but not limited to, healthcare, education, shelter, meals and childcare, provided that under no circumstances are grants provided for expenses that could otherwise be paid for by insurance or other reimbursements.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 93
  • Accountability: 70
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.3%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -248.8%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 3.06; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -71.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -83.3% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $51K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.