Spring Creek Recreational Fund

Nonprofit profile at a glance

EIN
271770637
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Brooklyn, NY, USA
Phone
7186427011
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Parks and Playgrounds

Official website

Reported finances

Revenue
$2,831,080
Expenses
$2,684,759
Assets
$55,194,057
Liabilities
$915,285

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

Leadership & pay

8 people listed

Executive titles in this filing

  • NANDA PRABHAKAR (EXECUTIVE DIRECTOR)
  • ANDREW MACARTHUR (DIRECTOR/BOARD PRESIDENT)

Highest reported compensation

  • NANDA PRABHAKAR (EXECUTIVE DIRECTOR): $223,110 total reported compensation
  • RODNEY FULLER (DIRECTOR OF DEVELOPMENT): $132,173 total reported compensation
  • WENDY YANINE NICHOLAS (DIRECTOR OF PROGRAMS): $127,710 total reported compensation

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

Overview

Mission

To serve as a reflection of our community and to learn and grow alongside it. To empower individuals to tap into their highest potential through collaboration, supportive services and an unwavering commitment to growth. To dedicated to a long-term investment in the needs and future aspirations of those we serve.

What it reported doing in 2024

WELLBEING PROGRAMS - including health, wellness, counseling, and social services, drive positive change and create a more united and resilient community. Youth Development & Education - offer enrichment opportunities, recreational activities, academic support and community building in an inclusive and welcoming environment. Our services guide individuals toward their aspirations and goals. Resources for Independence, Success, and Empowerment (RISE) - thoughtfully designed for older teenagers, young adults and adults with an eye on higher education or career development. We offer college prep, financial literacy, economic mobility resources and professional growth opportunities to empower our community and prepare them for their next steps. The Opp Hub Farm - aim to facilitate a community farm as an outdoor classroom, offering hands-on learning experiences in agriculture, environmental science, sensory education, and nutrition for community members of all ages. Spring Creek Sun - created to serve the residents of the newly opened Starrett City affordable housing development, now known as Spring Creek Towers.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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 verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 61
  • Accountability: 100
  • Sustainability: 64
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.3%; rating input score 69
  • Program expense ratio: 73.1%; rating input score 73
  • Fundraising efficiency: $8.01 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.2%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 20.56; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 18%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 37.4% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -30.1% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 12th percentile among comparable filings

Details

  • Where the money goes: 69.3% of revenue deployed · 73.1% of spending went to programs
  • Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $223K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 14/100.