Plattduetsche Volkfest Vereen Von Brooklyn Um Umgegend

Nonprofit profile at a glance

EIN
112562538
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Franklin Square, NY, USA
Phone
5163543131
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$114,484
Expenses
$86,161
Assets
$2,634,072
Liabilities
$2,025,693

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

Leadership & pay

36 people listed

Executive titles in this filing

  • ELKE RUGEN (President)
  • FERDINAND HUBER (Vice President)

People named in this filing

  • ELKE RUGEN (President)
  • FERDINAND HUBER (Vice President)
  • PETER PRAMBERGER (2ND VICE PRES.)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the pvv is to provide a german community and cultural center which promotes the german language, customs, and literature through festivals, entertainment, and other fundraising events. In addition, the organization's missions is to provide support and financial assistance in sustaining the plattduetsche old folks home society.

What it reported doing in 2024

Sponsor a float in the german-american steuben parade which is held annually on the third saturday in september. The parade was founded in 1957 by german immigrants and german-americans one of the largest ancestral groups living in the united states, who wanted to keep the traditions of their homeland alive. They named the parade after friedrich wilhelm von steuben, a prussian-born general who served with general george Washington in the american revolutionary war. Von steuben is still regarded as one of the most influential germans for his contributions to america's fight for independence; his training of the young american troops helped achieve victory against the british.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 100
  • Accountability: 70
  • Sustainability: 74
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.2%; rating input score 44
  • Program expense ratio: 60.3%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.7%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 30.57; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.77; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -3.8% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -7.9% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 44.2% of revenue deployed · 60.3% of spending went to programs
  • Governance: 36 of 36 board members independent · 2 of 7 filing controls reported
  • Programs: 5 filed program accomplishments · $52K in reported program spending
  • Leadership: top reported pay $0 · 36 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes related organizations
  • Filing history: 13 filing years from 2010 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.