The Fogarty Center
Nonprofit profile at a glance
- EIN
- 050270834
- IRS 990 coverage
- 2014–2016
- Forms available
- Form 990 2016
- Location
- North Providence, RI, USA
- Phone
- 4013537000
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Developmentally Disabled Centers
Reported finances
- Revenue
- $7,947,906
- Expenses
- $8,223,340
- Assets
- $4,315,620
- Liabilities
- $3,422,292
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JOSEPH LAMAGNA (PRESIDENT)
- JAMES CAMPAGNA (VICE PRESIDENT)
- DAVID REISS (EXECUTIVE DIRECTOR)
Highest reported compensation
- DAVID REISS (EXECUTIVE DIRECTOR): $176,406 total reported compensation
- MICHELLE BRODEUR (CONTROLLER): $140,183 total reported compensation
- JOHN COSTA (CONTROLLER (TERM 1/2016)): $16,245 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The fogarty center provides support to approximately 300 adults with developmental disabilities and its families within the greater providence and surrounding areas. It is the organization's philosophy that people with developmental disabilities may be active, productive members of the community and, as such, entitled to the same rights, privileges, responsibilities and choices as all citizens. Accordingly, the organization's mission is to offer exploration, encouragement and positive guidance, concerning individual interests, aptitude and talents, based on personal preferences. Ultimately, the goal is to promote self-determination and personal growth.
What it reported doing in 2016
The forgarty center's residential program offers individuals a wide range of living arrangements. The program provides 24-hour support and an ever-growing supported-living program for individuals who live with a roommate or on their own.the fogarty center provides a variety of day program and other non-24 hour support programs throughout the state of Rhode Island.the fogarty center provided early childhood education for children six weeks to five years of age within infant, toddlers, preschoold and pre-k setting and classrooms through june 30, 2016.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 28
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.2%; rating input score 88
- Program expense ratio: 86.2%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.5%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.79; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: -8.6% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -7.9% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -8.6% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 88.2% of revenue deployed · 86.2% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.1M in reported program spending
- Leadership: top reported pay $176K · 13 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $203K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 3 filing years from 2014 to 2016
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.