M American Friends Foundation
Nonprofit profile at a glance
- EIN
- 824797315
- IRS 990 coverage
- 2019–2019
- Forms available
- Form 990 2019, Form 990-N 2017
- Location
- New York, NY, USA
- Phone
- 6467388065
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $288,084
- Expenses
- $152,799
- Assets
- $244,464
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- DOMINIC NG (CHAIR)
- MAUREEN KIM (VICE CHAIR)
- JOHN WADSWORTH JR (TREASURER)
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 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support of a contemporary visual arts museum.
What it reported doing in 2019
Support museum to add quality and enrich the perspective of the collection of the museum.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 33
- Transparency & Controls: 77
- Accountability: 70
- Sustainability: 77
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.4%; rating input score 28
- Program expense ratio: 53.3%; rating input score 53
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 79th 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: 2 of 7 controls in place; rating input score 29
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 47%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 1.6; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 28.4% of revenue deployed · 53.3% of spending went to programs
- Governance: 10 of 10 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $81K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 6 filed schedules · includes major donors and foreign activity
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 28/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.