Stein Gerontological Institute Inc
Nonprofit profile at a glance
- EIN
- 650289632
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Miami, FL, USA
- Phone
- 3057518626
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Centers
Reported finances
- Revenue
- $861,889
- Expenses
- $1,185,390
- Assets
- $790,926
- Liabilities
- $2,167,184
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JEFFREY FREIMARK (PRESIDENT/CHAIR)
Highest reported compensation
- JEFFREY FREIMARK (PRESIDENT/CHAIR): $1,521,278 total reported compensation
- ALAN GOLDSMITH (TREASURER/MEMBER): $653,155 total reported compensation
- MARC AGRONIN MD (DIRECTOR): $524,957 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 organization's primary purpose is to develop innovative programs, services, and products in order to aid the elderly in remaining independent by conducting gerontological research to study the biological, pyschological, and social phenomena associated with aging.
What it reported doing in 2024
Stein gerontological institute, inc. (sgi) operates to support the advancement of memory care, geriatric education and clinical research through the delivery of educational training programs, lectures, facilitation of research and technology initiatives, and collaboration with academic and industry organizations. These activities are designed to enhance evidence-based clinical practice and improve healthcare outcomes for the elderly populations. In the current tax year, sgi hosted approximately 12 internal staff educational sessions and 28 for the general public as part of its community education, seminars, conferences and outreach activities.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- 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 the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 64
- Accountability: 32
- Sustainability: 14
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.2%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th 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: -37.5%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.67; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 2.74; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: -3.5% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.2% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $962K in reported program spending
- Leadership: top reported pay $1.5M · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 24/100.