Louis D Srybnik Foundation

What it reported doing in 2024

Provides support through direct annual grants and provides promotional services to further provide support and raise public awareness, funding and support for programs in education, benefitting persons under the age of 35 including grants, website design and social media support for two 501(c)(3) foundations.a) united way program #1: united-2-read early literacy program and summer learning program for underprivileged children focuses on early literacy so children can read on level at end of 3rd grade of school fostering successful students and stable families and households by providing support to students most in need. The program is currently in its 8th year and since inception has provided over (continued on schedule o)(continued from page 2) 20,000 children's books and 5,000 reading kits to underprivileged pre-school age children, as well as helping 750 low-income households with school-age children during 2024 school break with weekly nutritious food, backpacks and school supplies. The program is an ongoing program throughout the year, distributed to parents and caregivers, or early childhood centers and daycare locations who assist in implementing the reading kit curriculum to the children. Recently the program was selected by scholastics, the global children's publishing company, as a recipient of 5,000 free new children's books. United way regularly acknowledges volunteers and donors throughout the reading kit process as without them the project would not be possible. Program #2: the united for seniors program has a particular focus on positive health and behavioral health for at-risk seniors (age 60+). This addresses social isolation by pairing older adults with volunteer, health-profession college students for in-home and community support and non-medical assistance, particularly with independent activities of daily living, with improving their technology skills for better communication, and identifying risks, safety needs, health concerns and care requirements for program staff follow-up. United way partners with local colleges to identify, recruit and screen health profession students as program volunteers. The program began in 2021 and has successfully matched seniors/students to date.b) bard collegebard college's bard high school early college program for disadvantaged young people in public schools. Bard early college leads a national network of public high schools that enable disadvantaged young people to complete two years of tuition free college education credit during the traditional four years of high school. This makes it possible for high school students who face significant obstacles to college completion to earn 60 college credits and an associate in arts degree concurrently with a high school diploma, tuition free. Over 2,700 students are enrolled nationwide. One program supported is the "college access for nyc public high school students", offering tuition-free college courses of study for credit-bearing college education, during high school years.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 77.1%; rating input score 77
• Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings

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: 99.4%; rating input score 99; 60th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
• Governance controls: 4 of 9 controls in place; rating input score 44
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -147.8%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 10.36; rating input score 90; 90th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
• Officer compensation ratio: 16.3%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 13.3% per year; rating input score 100; 76th percentile among comparable filings
• Revenue growth: -63.1% per year; rating input score 0; 1st percentile among comparable filings
• Asset growth: -5% per year; rating input score 0; 10th percentile among comparable filings