The Bert King Foundation Inc

Nonprofit profile at a glance

EIN
043307917
IRS 990-EZ coverage
2010–2014
Forms available
Form 990 2012, Form 990-EZ 2014
Location
Natick, MA, USA
Phone
5086531703
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$7,365
Expenses
$67,656
Assets
$135,407
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JAMES I CASH JR (PRESIDENT/DIRECTOR)

People named in this filing

  • JAMES I CASH JR (PRESIDENT/DIRECTOR)
  • MARY ELLEN GARDNER (TREASURER & CLERK)
  • CRAIG ROBINSON (DIRECTOR)

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 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation's purpose is to further the aspirations of young african-american leaders through an interrelated set of activities. The foundation pursues its mission through four complementary activities: encouraging the pursuit of graduate management education and careers in business, providing financial awards to outstanding mba students whose achievements and goals entail a commitment to service and the advancement of others, facilitating opportunities for career and personal development, and conserving history and capturing wisdom to be shared across generations.

What it reported doing in 2014

Grants/fellowships were made in support and to promote the education of african american students in the field of business.

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 95% 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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.6%; rating input score 75
  • Program expense ratio: 73.8%; rating input score 74

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: -818.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 82.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -24.9% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: -17.3% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 74.6% of revenue deployed · 73.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $50K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2010 to 2014
  • 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 — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.