Kellogg FinNet Inc

Nonprofit profile at a glance

EIN
474125845
IRS 990-EZ coverage
2016–2022
Forms available
Form 990 2018, Form 990-EZ 2022
Location
New Rochelle, NY, USA
Phone
9146430890
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$188,000
Expenses
$175,919
Assets
$77,218
Liabilities
$12,526

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Marten Hoekstra (Co-President)
  • Harry Kraemer (Co-President)

People named in this filing

  • Marten Hoekstra (Co-President)
  • David Koh (Director)
  • Harry Kraemer (Co-President)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To build a dynamic, self-sustaining Kellogg global finance community that effectively serves its alumni, faculty, and student constituencies while reflecting the unique Kellogg spirit and culture.

What it reported doing in 2022

The organization hosted 11 Advisory Board educational events for allmembers of the organization on relevant financial topics benefittingapproximately 1,000 people and advancing the organization's mission. Themembership base grew to 92 individuals, with communication and outreach including 3,400 individuals. We continued to focus on older alumni who are returning to work and need to improve their skillsets and expand their network.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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: 39
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.1%; rating input score 38
  • Program expense ratio: 40.7%; rating input score 41

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 6.4%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 71.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 25.9% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 38.1% of revenue deployed · 40.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $72K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2016 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 41/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.