San Damiano Formation Endowment Inc

Nonprofit profile at a glance

EIN
263912938
IRS 990 coverage
2018–2019
Forms available
Form 990 2019, Form 990-N 2016
Location
De Soto, KS, USA
Phone
9134854596
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support
Affiliation
Christianity

Reported finances

Revenue
$2
Expenses
$7,102
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TERESA M KEMPF (PRESIDENT & DIRECTOR)

People named in this filing

  • TERESA M KEMPF (PRESIDENT & DIRECTOR)
  • JOHN MARTIN (DIRECTOR)
  • FR MICHAEL SCULLY OFM CAP (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. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization fundraises on behalf of the capuchin province of mid-america, inc. (the province), a catholic order of priests located in denver, Colorado. This organization is a Kansas nonprofit entity that is exempt from federal income tax by reason of description in section 501(c)(3) of the internal revenue code. All of the funds raised and earned by the organization will be used to support the various activities of the province including:1. To solicit, receive, maintain and administer a fund for the benefit of the province.2. To aid in the education of persons committed to the province.3. To encourage, support and promote the expansion of the province.4. To improve the quality of education and formation services and the efficiency of those persons providing such services.5. To engage in collaborative efforts which will advance the objectives of the province.6. To promote awareness of the province's vocation program to recruit persons to the province.

What it reported doing in 2019

In june of 2019 the board unanimously voted to transfer all investment funds directly to the capuchin province of mid-america, inc. Transfers to the province's vanguard account were initiated on 6.25.19 and the transfer was completed on july 2, 2019. In june of 2020 the remaining balance of assets were distributed to the capuchin province of mid-america, inc. And a final return was filed.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 82
  • Accountability: 12
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 60.9%; rating input score 61
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 8th 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -355,000%; rating input score 0; 0th percentile among comparable filings
  • 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: -199.1% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -200% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 60.9% of spending went to programs
  • Governance: 0 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2018 to 2019
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.