Michael Rienzi Foundation for the Research of Cochlear Implants
Nonprofit profile at a glance
- EIN
- 450533562
- IRS 990-EZ coverage
- 2010–2012
- Forms available
- Form 990-EZ 2012
- Location
- Astoria, NY, USA
- Phone
- 7189563505
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Surgical Specialties Research
Reported finances
- Revenue
- $45,495
- Expenses
- $51,154
- Assets
- $692
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
2 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Funding in the sum of fifty thousand dollars has been provided as a grant to New York University Cochlear Implant Center by the Foundation.
What it reported doing in 2012
Funding in the sum of fifty thousand dollars has been provided as a grant to New York research funding to New York university cochlear implant center by the foundation.
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 - The filed numbers largely add up. 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: 2
- Transparency & Controls: 100
- Sustainability: 14
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 2.3%; rating input score 2
- Program expense ratio: 2%; rating input score 2
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -12.4%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -25% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -85.7% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 2.3% of revenue deployed · 2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2010 to 2012
- 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 2/100.
- High — Financial Efficiency: Program expense ratio scored 2/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.