Simpson Foundation
Nonprofit profile at a glance
- EIN
- 454731794
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Bala Cynwyd, PA, USA
- Phone
- 6106600112
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $326,523
- Expenses
- $85,939
- Assets
- $497,438
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- CAROL MCKINLEY (PRESIDENT/CEO)
Highest reported compensation
- CAROL MCKINLEY (PRESIDENT/CEO): $431,417 total reported compensation
- KENNETH FRANIAK (CHIEF FINANCIAL OFFICER): $369,783 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation shall be responsible for the overall fundraising and philanthropic programs of simpson house, jenner's pond, simpson senior services and simpson meadows and all other entities which may hereafter become part of the simpson senior services obligated group (the "obligated group").in performing its duties, the foundation shall act in a manner which will further a coordinated approach to provide fundraising and philanthropic programs which benefit all of the various entities which comprise the obligated group. The establishment of all fundraising programs, whether for only the foundation, the obligated group or any member thereof, shall be exclusively vested in foundation.
What it reported doing in 2024
Simpson foundation was established to receive and administer funds for the support of simpson house, jenner's pond, and simpson meadows and all other related organizations of simpson senior services.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 66
- Accountability: 85
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.6%; rating input score 23
- Program expense ratio: 75.6%; rating input score 76
- Fundraising efficiency: $15.01 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd 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: 90.1%; rating input score 90; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 24th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 73.7%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 5.79; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 42.6%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 23.8% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 28% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 22.6% of revenue deployed · 75.6% of spending went to programs
- Governance: 9 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $65K in reported program spending
- Leadership: top reported pay $431K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 17 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 13 filed related-organization links
- 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 — Financial Efficiency: Mission deployment rate scored 23/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 5/100.