Richard Hampton Jenrette Foundation
Nonprofit profile at a glance
- EIN
- 133747036
- IRS 990-PF coverage
- 2010–2024
- Forms available
- Form 990-PF 2024
- Location
- Hillsborough, NC, USA
- Phone
- 9196290150
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $8,912,962
- Expenses
- $4,740,219
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Richard Hampton Jenrette Foundation is a nonprofit. Location: Hillsborough, NC. EIN 133747036.
What it reported funding in 2024
The foundation reported 43 grants totaling $613,653. The stated grant purposes included for student support, for museum professional development, and for community educational programming, plus 4 other reported purposes.
Operating model
- Revenue model
- Investment-supported. 92% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Direct operator. The foundation carried out 82% of its reported charitable disbursements directly.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
SUPPORTED - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of spending goes to grants.
Rating breakdown
- Grant Deployment: 64
- Cost Efficiency: 13
- Transparency: 100
- Compliance: 100
- Endowment Health: 95
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 63.6%; rating input score 64; 8th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 12.9%; rating input score 13; 8th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
- 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: Pass
- 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: Pass
- 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: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 210.98; rating input score 95; 95th 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: 63.6% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 95th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 58 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Cost Efficiency: Grant expense ratio scored 13/100.