Stokes Foundation

Nonprofit profile at a glance

EIN
273152725
IRS 990-EZ coverage
2014–2021
Forms available
Form 990-EZ 2021
Location
Marlboro, NY, USA
Phone
8452796537
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$11,755
Expenses
$4,000
Assets
$7,755
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Raymond Walker (Executive Director)

People named in this filing

  • Raymond Walker (Executive Director)
  • Dr Rich Petriccione (Board Member)
  • Ms Cindy M Perez (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Stokes Foundation improves existing schools in the U.S. by developing and facilitating athletic, extracurricular and residential (urban boarding school model) programs as a support to the learning environment.

What it reported doing in 2021

Re-established operations after dormant period and IRS re-determination. Launched website and conducted re-branding, all startup operations including, but not limited to: Board Re-Formation, Identifying a Development and Sustainability Lead Contractor, Vendor Relations for Database and Web Services. One Full-Time Employee (Executive Director) working at a significantly discounted salary rate and conducting all aspects of re-launch as of the close of the fiscal year on 8/31/2022.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 68
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 66%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 1.94; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 100%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -28.6% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: 11% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 28.2% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2014 to 2021
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.