Michael Diamond Charitable Foundation Inc
Nonprofit profile at a glance
- EIN
- 834301972
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019
- Location
- Long Beach, NY, USA
- Phone
- 2125562227
- Rating
- 40
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $176,757
- Expenses
- $138,910
- Assets
- $142,507
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- THOMAS NILAND (PRESIDENT)
- MICHAEL DIAMOND JR (VICE PRESIDENT)
People named in this filing
- THOMAS NILAND (PRESIDENT)
- MICHAEL DIAMOND JR (VICE PRESIDENT)
- NOEL HENCK (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation operates a golf tournament and dinner and raises funds to support charitable endeavors including specifically:1 creating and awarding high school scholarships for a local boy and and a local girl 2 creating and awarding scholarships for local hockey or other sports organizations for youths with financial need 3 raising funds for the Long Island Crisis Centers suicide prevention work and 4 supporting the work of veterans causes including the Veterans of Foreign Wars.
What it reported doing in 2024
Scholarship to student attending Chaminade High School
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - Most voting board members are independent and revenue comfortably covers expenses. 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: 8
- Transparency & Controls: 59
- Accountability: 65
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.5%; rating input score 8
- Program expense ratio: 10.8%; rating input score 11
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 69.2%; rating input score 69; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 51.8%; rating input score 52; 43rd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 21.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.03; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 26.5% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 8.5% of revenue deployed · 10.8% of spending went to programs
- Governance: 4 of 5 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $15K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 36 of 44 current checks pass · 8 findings to review
- Schedules: 5 filed schedules · includes grants
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 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 — Financial Efficiency: Mission deployment rate scored 8/100.
- High — Financial Efficiency: Program expense ratio scored 11/100.
- Review — Transparency & Controls: Grant itemization coverage scored 52/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Advertising column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX GrantsToDomesticIndividuals column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX GrantsToDomesticOrgs column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Insurance column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX Occupancy column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.