Michael P Bennett Foundation Inc
Nonprofit profile at a glance
- EIN
- 464384236
- IRS 990-PF coverage
- 2016–2025
- Forms available
- Form 990-PF 2025
- Location
- Brooklyn, NY, USA
- Phone
- 7188368102
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $55,829
- Expenses
- $82,582
Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.
Overview
Mission
Fund Raising and Fund Distribution
What it reported funding in 2025
The foundation reported 27 grants totaling $82,500. The stated grant purposes included charitable, medical, and social assistance, plus 1 other reported purpose.
Operating model
- Revenue model
- Donor-supported. 98% of the foundation's positive operating resources came from contributions.
- Distribution model
- Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
SUPPORTED - A large share of spending goes to grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and some filed totals do not add up.
Rating breakdown
- Grant Deployment: NotEnoughData
- Cost Efficiency: 100
- Transparency: 100
- Compliance: 86
- Endowment Health: 43
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: Limited
Cost Efficiency
- Grant expense ratio: 99.9%; rating input score 100; 93rd percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Pass
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Missing
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 7; rating input score 78
Endowment Health
- Endowment-health comparison: 0.61; rating input score 43; 43rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: Filed payout detail
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 43th percentile for endowment coverage
- Consistency: 7 of 9 current checks pass · 2 findings to review
- Filing history: 10 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Money network: 27 filed money-flow records
- 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.
- Moderate — Endowment Health: Endowment-health comparison scored 43/100.
- Moderate — Transparency & Controls: Assets equal liabilities and net assets did not reconcile in the filed values.
- Moderate — Transparency & Controls: Balance sheet eoy total did not reconcile in the filed values.