Sabrina Navaretta Memorial Foundation Inc

Nonprofit profile at a glance

EIN
923921808
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Syosset, NY, USA
Phone
5163646444
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$42,702
Expenses
$14,151
Assets
$131,335
Liabilities
$0

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

Leadership & pay

4 people listed

People named in this filing

  • JOHN F NAVARETTA (DIRECTOR)
  • MARA NAVARETTA (DIRECTOR)
  • ANDREW NAVARETTA (DIRECTOR)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create, form, establish and maintain an organization to promote, foster and encourage scholastic achievement, educational excelence and intellectual advancement by establishing a scholarship fund to benefit deserving students; to aid, encourage, stimulate, foster and promote educational development through grants, stipends, scholarships and financial assistance to deserving students.

What it reported doing in 2024

Promote, foster and encourage scholastic achievement, educational excellence and intellectual advancement by establishing a scholarship fund to benefit deserving students; to aid, encourage, stimulate, foster and promote educational development.

Operating model

Revenue model
Other-operating. 60% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 100
  • Sustainability: 86
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47%; rating input score 47
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 66.9%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 9.28; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 89.8% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -88.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 24.4% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 47% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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 47/100.
  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.