Matthew C Sellitto Foundation Inc
Nonprofit profile at a glance
- EIN
- 030436958
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990 2016, Form 990-EZ 2025
- Location
- New Vernon, NJ, USA
- Phone
- 6462295216
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $11,013
- Expenses
- $7,200
- Assets
- $53,402
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- LOREEN D SELLITTO (PRESIDENT)
- WILLIAM HAEMMERLE (VICE PRESIDENT)
People named in this filing
- LOREEN D SELLITTO (PRESIDENT)
- MATTHEW T SELLITTO (TREASURER)
- WILLIAM HAEMMERLE (VICE 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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mcs foundation awards grants and scholarships to deserving young people demonstrating financial need, academic excellence, school participation and community service; and awards grants to educational institutions involved in organizing 9/11 service and remembrance activities in accordance with the guidelines set by the federal law passed on april 21, 2009. The foundation also supports other worthy causes that are representative of those that matthew cherished during his life.
What it reported doing in 2025
Award to the nff - the nff is a not for profit educational organization that focuses on using the power of amateur football to develop scholarship, citizenship and athletic achievement in young people.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 80
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.3%; rating input score 52
- Program expense ratio: 79.9%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 34.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 7.42; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -4.7% per year; rating input score 0; 36th percentile among comparable filings
- Revenue growth: -8.7% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: -13.1% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 52.3% of revenue deployed · 79.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $6K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.