Newell Brands Community Fund Inc

Nonprofit profile at a glance

EIN
542152547
IRS 990 coverage
2020–2022
Forms available
Form 990 2022
Location
Boca Raton, FL, USA
Phone
5619124100
Rating confidence
Limited
Sector
Corporate Foundations

Reported finances

Revenue
$0
Expenses
$59,148
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • BRIAN J DECKER (PRESIDENT AND CHAIRMAN)
  • CHRISTINE ROBINS (CEO)

People named in this filing

  • BRIAN J DECKER (PRESIDENT AND CHAIRMAN)
  • CHRISTINE ROBINS (CEO)
  • PETER LEBER (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Newell brands community fund is the company's employees-fundedcharitable organization. It provides monetary grants to qualifiedcharitable organizations in the communities where newell brandsemployees live, work & care for their families.

What it reported doing in 2022

Annual campaigns were held at the offices of newell brands, inc. Incalifornia, Florida, Tennessee, Missouri, Mississippi and New York.total contributions and pledges for 2022 totaled $0 whichincluded a 100% matching contribution of $0 from newell brands, inc. Funds were distributed to approved grant applicants whichincluded 50 agencies across more than 10 counties in California, Florida, Mississippi, Missouri, and Tennessee. The employee fundcommittees, located in the offices of newell brands, inc. Wereresponsible for determining who would receive funding. During 2022, the employee fund committees focused its efforts on local communitydevelopment programs aimed at aiding at-risk youth, women and children, low-income families and local food programs.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 93
  • Accountability: 76
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 59th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -49.6% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -91% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -114.1% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $59K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 6 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio 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.