Medgar Evers College Educational Foundation Inc
Nonprofit profile at a glance
- EIN
- 112561640
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 7182706113
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,132,925
- Expenses
- $779,016
- Assets
- $3,177,493
- Liabilities
- $37,235
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- PATRICIA REMSEY (PRESIDENT)
Highest reported compensation
- PATRICIA REMSEY (PRESIDENT): $386,180 total reported compensation
- JACQUELINE CLARK (SVP): $182,979 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundations sole purpose is to provide support to the college, and to provide more extensive educational opportunities and services by making and encouraging gifts, grants, contributions, and donations of real and personal property to or for the benefit of medgar evers college.
What it reported doing in 2024
Grants and scholarships are made to benefit undergraduate students at medgar evers college to aid in the pursuit of studies.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 71
- Accountability: 28
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69%; rating input score 69
- Program expense ratio: 97.8%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.2%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 4.08; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 9.4% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 8.2% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 69% of revenue deployed · 97.8% of spending went to programs
- Governance: 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $762K in reported program spending
- Leadership: top reported pay $386K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 5 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.