Tee Foundation Assistance Network Inc
Nonprofit profile at a glance
- EIN
- 841840451
- IRS 990-EZ coverage
- 2019–2019
- Forms available
- Form 990-EZ 2019
- Location
- Gainesville, FL, USA
- Phone
- 3524598331
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $5,100
- Expenses
- $4,850
- Assets
- $5,250
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Wayne Jenkins (President)
- Walter Jenkins (Vice President)
- Patricia Lee (CEO)
People named in this filing
- Wayne Jenkins (President)
- Walter Jenkins (Vice President)
- Patricia Lee (CEO)
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 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is organized exclusively for charitable, religious, educational, and scientific purposes under section 501(c)3 of the internal revenue code, or corresponding section of any future federal tax code. Our primary activities include employing multi-faceted community and economic development strategies to bolster economic parity and improve the quality of life for very low to moderate income families in targeted areas. Thus, we seek to build infrastructure to house programs that help build pathways out of poverty as well as affordable housing while creating liveable wage jobs. We have created plans for and are now seeking funding for a revenue generating social enterprise that will ensure our target communities become thriving business, residential, and cultural centers. We also raise funds to grow the endowment of a scholarship at Bethune-Cookman University.
What it reported doing in 2019
Established Endowed Scholarship with minimum level to be achieved by 12/31/2020
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up. 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: 82
- Sustainability: 54
- Growth: NotEnoughData
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: Limited
Sustainability
- Operating margin: 4.9%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 1.08; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
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: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.