Seized Forfeited Assets Auctionorg Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

3 people listed

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Funeral arrangements

Provide funeral expense for low income family of jewish faith.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Direct operator. The filing allocates 93% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90.9%; rating input score 91; 16th percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: 0%; rating input score 0; 21st percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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

Operating margin: -106.6%; rating input score 20; 20th 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: 28.8%; rating input score 11; 11th percentile among comparable filings

Program expense growth: -16.7% per year; rating input score 0; 28th percentile among comparable filings
Revenue growth: -63.2% per year; rating input score 0; 7th percentile among comparable filings
Asset growth: -6.7% per year; rating input score 0; 18th percentile among comparable filings

Where the money goes: 100% of spending went to programs
Governance: 3 of 3 board members independent · 4 of 8 filing controls reported
Programs: 2 filed program accomplishments · $49K in reported program spending
Leadership: top reported pay $14K · 3 people listed · 0 of 6 pay-setting controls reported
Consistency: 16 of 17 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes grants and executive pay
Filing history: 7 filing years from 2014 to 2020
Contacts: How to reach this organization
Money network: 1 filed money-flow record
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.

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Transparency & Controls: Grant itemization coverage scored 0/100.
Review — Accountability: Governance controls: 3 of 7 not reported.
High — Sustainability: Operating margin scored 20/100.
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.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
High — Sustainability: Officer compensation ratio scored 11/100.