Neal Foundation
Nonprofit profile at a glance
- EIN
- 371020959
- IRS 990-PF coverage
- 2020–2024
- Forms available
- Form 990-PF 2024
- Location
- Toledo, IL, USA
- Phone
- 2172350377
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $641,127
- Expenses
- $462,241
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Neal Foundation is a nonprofit. Location: Toledo, IL. EIN 371020959. Tax year 2024 Form 990-PF reports $641K revenue and $462K expenses.
What it reported funding in 2024
The foundation reported 32 grants totaling $429,525. The stated grant purposes included scholarship, courthouse flowers, and teacher of the year award, plus 21 other reported purposes.
Operating model
- Revenue model
- Donor-supported. 68% of the foundation's positive operating resources came from contributions.
- Distribution model
- Grant intermediary. The foundation distributed 98% 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
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.
Rating breakdown
- Grant Deployment: 100
- Cost Efficiency: 93
- Transparency: 100
- Compliance: 94
- Endowment Health: 16
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 100%; rating input score 100; 81st percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 92.9%; rating input score 93; 79th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
- 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: Fail
- 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: 10; rating input score 100
Endowment Health
- Endowment-health comparison: 9.01; rating input score 16; 16th 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: At least 100% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 16th percentile for endowment coverage
- Consistency: 10 of 10 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 32 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.
- High — Endowment Health: Endowment-health comparison scored 16/100.
- Review — Compliance: Part VII-B activity disclosures: Grants to individuals not reported.