Mill Neck Foundation Inc

Nonprofit profile at a glance

EIN
112497863
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Mill Neck, NY, USA
Phone
5166284280
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,364,560
Expenses
$2,356,849
Assets
$28,762,092
Liabilities
$8,541,700

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

  • TIM CHARON (INTERIM COO): $210,497 total reported compensation
  • ADRIANO RANIERI (CFO): $177,605 total reported compensation
  • TOULA RAMEY (DIRECTOR OF DEVELOPMENT): $99,656 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 mission of the foundation is to encourage the inclusion of deaf people in all facets of society: religion, educational, social and vocational. Among its priorities is accessibility to quality educational programs, the evangelism of deaf people by trained christian clergy, and the publication/production of specialized materials for use with deaf persons in religious and educational settings.

What it reported doing in 2024

Grants awarded - since 1978 the mill neck foundation has granted approximately $8,500,000 to organizations worldwide that provide inclusion opportunities for deaf people in educational, vocational, and religious settings. The foundation has funded programs to train lutheran pastors and lay people to include deaf people in their congregations. The foundation and its valued donors have also provided annual support to the mill neck manor school for the deaf, mill neck services, and lutheran friends of the deaf, inc. The organizations funded by the foundation provide significant services to individuals who are hearing impaired and provide a tremendous level of social impact that would not be possible without the support of the foundation.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. 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: 12
  • Transparency & Controls: 79
  • Accountability: 93
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.3%; rating input score 15
  • Program expense ratio: 8.9%; rating input score 9
  • Fundraising efficiency: $1.42 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 21st 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: -72.7%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 12.2; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: -12.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -6.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -0% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 15.3% of revenue deployed · 8.9% of spending went to programs
  • Governance: 7 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $209K in reported program spending
  • Leadership: top reported pay $210K · 11 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 15/100.
  • High — Financial Efficiency: Program expense ratio scored 9/100.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.