Palm Beach County Literacy Coalition Foundation Inc
Nonprofit profile at a glance
- EIN
- 384043979
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Boynton Beach, FL, USA
- Phone
- 5612799103
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Remedial Reading, Reading Encouragement
Reported finances
- Revenue
- $477,318
- Expenses
- $16,726
- Assets
- $3,017,498
- Liabilities
- $70
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Kristin Calder (President)
Highest reported compensation
- Kristin Calder (President): $253,092 total reported compensation
- Delferine Spooner (Director): $71,599 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 Organization's mission is to provide support for the Palm Beach County Literacy Coalition, Inc.
What it reported doing in 2024
Manages investment account.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. 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: 0
- Transparency & Controls: 84
- Accountability: 71
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- 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: 50%; rating input score 50; 16th 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: 96.5%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 180.41; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 139.3%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 43.2% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: -3.3% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 24.4% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 2 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $253K · 4 people listed · 4 of 6 pay-setting controls reported
- Consistency: 16 of 16 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.