Nact Parent Inc C/o Michele Friedman

Nonprofit profile at a glance

EIN
880662185
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Sarasota, FL, USA
Phone
9178636195
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Support N.E.C.

Official website

Reported finances

Revenue
$300,000
Expenses
$737,525
Assets
$927,565
Liabilities
$40,476

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

Leadership & pay

4 people listed

Executive titles in this filing

  • MICHELE FRIEDMAN (EXECUTIVE DIRECTOR)
  • FRITZ SEYFERTH (PRESIDENT/DIRECTOR)
  • JEFFREY LEIKEN (VICE PRESIDENT/DIRECTOR)

Highest reported compensation

  • MICHELE FRIEDMAN (EXECUTIVE DIRECTOR): $94,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

100% of nact parent, inc.'s charitable activities consist of supporting, benefiting, performing the functions of and assisting its supported organizations which consist of nact pine grove inc (nact, EIN: 81-3572035) and nact somerset inc (EIN 87-1776524) and any future corporation directly affiliated with nact parent all of which are or shall be organizations exempt from federal income tax under internal revenue code (irc) section 501(c)(3) and classified as a public charity under irc section 509(a)(2) formed for the charitable purposes of (i) preserving and expanding the traditional day and overnight children's summer camp experience, and (ii) making summer camp programs available to children without means or who face financial, medical or other challenges (collectively the north american camp trust mission).

What it reported doing in 2024

100% of nact parent, inc. (nact parent)'s charitable activities consist of supporting, benefiting, performing the functions of and assisting its supported organizations which consist of north american camp trust, inc. (nact, EIN: 81-3572035) and any future corporation directly affiliated with nact parentor nact all of which are or shall be organizations exempt from federal income tax under internal revenue code (irc) section 501(c)(3) and classified as a public charity under irc section 509(a)(2) formed for the charitable purposes of (i) preserving and expanding the traditional day and overnight children's summer camp experience, and (ii) making summer camp programs available to children without means or who face financial, medical or other challenges (collectively the north american camp trust mission).

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 54.9%; rating input score 55
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -145.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.26; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 12.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 46.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 80.2% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 60.7% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 54.9% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $405K in reported program spending
  • Leadership: top reported pay $94K · 4 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: 18 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: Program expense ratio scored 55/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.