Meserve-kunhardt Foundation
Nonprofit profile at a glance
- EIN
- 202412662
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Pleasantville, NY, USA
- Phone
- 9142382619
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Humanities Organizations
Reported finances
- Revenue
- $5,117,803
- Expenses
- $2,947,222
- Assets
- $25,873,204
- Liabilities
- $40,805
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- PETER W KUNHARDT JR (EXECUTIVE DIRECTOR)
- NINA FREEDMAN (PRESIDENT)
Highest reported compensation
- PETER W KUNHARDT JR (EXECUTIVE DIRECTOR): $439,530 total reported compensation
- THOMAS A CONWAY (CHIEF FINANCIAL OFFICER): $180,835 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 foundation permanently preserves the work of gordon parks, makes it available to the public through exhibitions, books and electronic media, and supports artistic and educational activities that advance what parks described as "the common search for a better life and a better world ." the foundation's exhibition space presents exhibitions on gordon parks and other artists working within the themes of social justice, as part of the foundation's commitment to educating the public.
What it reported doing in 2024
The foundation provides scholarship grants to students from partner institutions and fellowship grants to promising photographers, filmmakers, visual artists, writers and musicians working within the themes of social justice.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 94% 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.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 76
- Accountability: 85
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.5%; rating input score 55
- Program expense ratio: 81.6%; rating input score 82
- Fundraising efficiency: $10.45 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 94.7%; rating input score 95; 29th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 13th 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: 42.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 8.78; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 21%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -6.9% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 54.5% of revenue deployed · 81.6% of spending went to programs
- Governance: 9 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $2.4M in reported program spending
- Leadership: top reported pay $440K · 13 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $316K reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 5 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 7 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.