The Bowery Mission Foundation
Nonprofit profile at a glance
- EIN
- 471741012
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 2122266214
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $142,760
- Expenses
- $0
- Assets
- $399,117
- Liabilities
- $667
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- EDWARD H MORGAN (PRESIDENT/CEO)
People named in this filing
- EDWARD H MORGAN (PRESIDENT/CEO)
- KAREN E GAINES (CHIEF FINANCIAL OFFICER)
- CHARLES W VETH (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The bowery mission foundation seeks to stimulate an unprecedented wave of generosity toward compassionate care and life transformation services for men, women, and children in the city of New York.
What it reported doing in 2024
The bowery mission foundation supports the work of the bowery mission (legal name: christian herald association, inc.), a historic faith-based organization that exists to promote the flourishing of those overcoming homelessness and marginalization by providing compassionate services and transformative community. The foundation serves new and existing supporters of the bowery mission and expands the bowery mission's existing fundraising capabilities to strengthen long-term sustainabilty.
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 has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 6
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 21.5% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 44% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Related organizations: 7 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.