The Center Foundation Inc

Nonprofit profile at a glance

EIN
842136656
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Woodbury, NY, USA
Phone
5169217650
Rating
43
Verdict
MIXED
Rating confidence
Standard
Sector
Single Organization Support

Reported finances

Revenue
$340,071
Expenses
$184,871
Assets
$352,221
Liabilities
$77,743

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JAY SILVERSTEIN (PRESIDENT)
  • WALTER STOCKTON (TRUSTEE/CEO)

Highest reported compensation

  • WALTER STOCKTON (TRUSTEE/CEO): $807,372 total reported compensation
  • MARY BETH LICHTNEGER (CHIEF OPERATING OFFICER): $584,958 total reported compensation
  • JAY SILVERSTEIN (PRESIDENT): $537,549 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 foundation's primary exempt mission is to raise funds for the benefit of the center for developmental disabilities, inc. And its affiliated not for-profit organizations.

What it reported doing in 2024

The center foundation, inc. Was established to raise funds to preserve the future of the center for developmental disabilities, inc.'s program services. The center foundation, inc. Has made the public aware of the organization's needs by holding several public fundraising events such as annual golf outing, annual appeals and other efforts. The foundation also organizes a planned giving program which allows donors' legacies to work on behalf of the people under the care of cdd in perpetuity. We invite members of the community to help the center foundation make a difference in the lives of the men, women and children who are developmentally disabled. All donations that were reported on the foundation's respective affiliated company (center for developmental disabilities) were actually raised by the foundation itself.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. 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: 7
  • Transparency & Controls: 79
  • Accountability: 44
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.2%; rating input score 4
  • Program expense ratio: 7.7%; rating input score 8
  • Fundraising efficiency: $4.54 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 20%; rating input score 20; 15th 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: 45.6%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.91; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 201.6%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 150% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 95.8% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 38.8% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 4.2% of revenue deployed · 7.7% of spending went to programs
  • Governance: 1 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $807K · 8 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 22 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 4/100.
  • High — Financial Efficiency: Program expense ratio scored 8/100.
  • High — Accountability: Independent voting board scored 20/100.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.