Shred Out Cancer
Nonprofit profile at a glance
- EIN
- 270162786
- IRS 990-EZ coverage
- 2012–2016
- Forms available
- Form 990-EZ 2016
- Location
- Toms River, NJ, USA
- Phone
- 8484488428
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health
Reported finances
- Revenue
- $26,476
- Expenses
- $20,665
- Assets
- $25,623
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JOSEPH KOSTECKI (PRESIDENT)
People named in this filing
- JOSEPH KOSTECKI (PRESIDENT)
- CHRISTOPHER KOSTECKI (VICE PRESIDE)
- CHRISTOPHER COWAN (BOARD MEMBER)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation shall provide resources for progressive research in the cure for cancer, and provide disease-inflicted families with resources and support to continue their everyday lives as normal as possible. All funds, whether income or principal and whether acquired by gift or contribution or otherwise shall be devoted to said purposes.
What it reported doing in 2016
Providing resources and assistance to those battling cancer
Operating model
- Revenue model
- Other-operating. 90% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 82
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.7%; rating input score 57
- Program expense ratio: 72.6%; rating input score 73
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 21.9%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.24; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 29.6% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 15.1% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 56.7% of revenue deployed · 72.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2012 to 2016
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.