Kurt Suzuki Family Foundation

Nonprofit profile at a glance

EIN
454602882
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-EZ 2023, Form 990-N 2013
Location
Redondo Beach, CA, USA
Phone
4155383600
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Named Trusts N.E.C.

Official website

Reported finances

Revenue
$283,123
Expenses
$346,035
Assets
$20,939
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • KURT SUZUKI (DIRECTOR/PRESIDENT)

People named in this filing

  • KURT SUZUKI (DIRECTOR/PRESIDENT)
  • RENEE SUZUKI (DIRECTOR/TREASURER)
  • KIMBERLY CROSSETT (SECRETARY)

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

The specific and primary purposes for the kurt suzuki family foundation, are to engage in charitable and educational activities, including but not limited to, fostering national amateur sports competition and to develop young individuals into successful athletes and leaders with character and a desire for excellence, both in life and in baseball, by focusing on five core principles: sportsmanship, respect, persistence, fellowship and leadership; to support families in maui who have suffered from the natural disaster of the lahaina fires; to collect and receive contributions and to dispose of funds exclusively for charitable, literary or educational purposes.

What it reported doing in 2024

To engage in charitable and educational activities, including fostering national amateur sports competition and developing young athletes and leaders with a focus on sportsmanship, respect, persistence, fellowship, and leadership. Our mission also includes supporting families affected by the lahaina fires in maui and using funds exclusively for charitable, literary, or educational purposes. In 2023 funds were received to support the firefighters who lost their homes during the maui fire, grants were given during 2024. The foundation supported programming for 2 youth baseball teams during 2024 with a focus on sportsmanship, respect, persistence, fellowship, and leadership and to give at risk students oppportunity to learn from the sport of baseball.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.

The verdict

STRONG - 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: 88
  • Transparency & Controls: 94
  • Accountability: 76
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.7%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 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: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • 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: -22.2%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 27.8% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 16% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.7% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $334K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • High — Growth: Asset growth scored 0/100.