Little Brothers - Friends of the Elderly

Nonprofit profile at a glance

EIN
362651505
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Chicago, IL, USA
Phone
3124551000
Rating
85
Verdict
STRONG
Rating confidence
Standard
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$4,298,186
Expenses
$5,381,770
Assets
$6,155,013
Liabilities
$341,073

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

Leadership & pay

15 people listed

Executive titles in this filing

  • SIMONE MITCHELL-PETERSON (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SIMONE MITCHELL-PETERSON (CHIEF EXECUTIVE OFFICER): $305,776 total reported compensation
  • CECILIA STRANEY (CHIEF DEVELOPMENT OFFICER): $144,512 total reported compensation
  • JOSHUA CHARTIER (DIR-VOLUNTEER & COMM. ENGAGEMENT): $126,370 total reported compensation

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

Overview

Mission

Little brothers - friends of the elderly is committed to relieving isolation and loneliness among older adults. Primarily through our visiting program, social activities, direct service, or vacations.

What it reported doing in 2024

Social activities: lbfe's older adults begin to build connections through social activities, and they have many opportunities to spend time with friends throughout the year. Large parties are held on thanksgiving and christmas day in three locations across the city. Each spring, lbfe hosts the fete d'armand marquiset, a party celebrating the founder. Every month, there is a birthday party so that older adults who are born in that month can celebrate with friends. The lbfe coffee club meets weekly and shares coffee and conversation on thursday mornings. The movie club and creative cafe meet ten times a year to give older adults an opportunity to spend time with peers and share interests. Our lloyd walding brain fitness center provides tutoring and social opportunities to older adults, while teaching them how to connect to peers on the internet.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 82% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.6%; rating input score 93
  • Program expense ratio: 73.9%; rating input score 74
  • Fundraising efficiency: $4.74 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -25.2%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.14; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 92.6% of revenue deployed · 73.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4M in reported program spending
  • Leadership: top reported pay $306K · 15 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 — Financial Efficiency: Fundraising efficiency scored 16/100.
  • High — Sustainability: Operating margin scored 5/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.