The Foundation of FBI Alumni Inc
Nonprofit profile at a glance
- EIN
- 521439992
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Western Springs, IL, USA
- Phone
- 3122461732
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
Reported finances
- Revenue
- $99,305
- Expenses
- $43,560
- Assets
- $314,673
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Michele Salomone (President)
People named in this filing
- Michele Salomone (President)
- Kathleen Wallace (Treasurer)
- Carole Lee (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 Foundation of FBI Alumni, Inc. (Foundation), a 503(c)(3) corporation, is a separate charitable arm of The Society of FBI Alumni, Inc. (Society), a 501(c)(7) non-profit organization. It was established in 1985 for the benefit of the Society members and their families. The Foundation funds, donated by members of the Society, endowments, and memorials are used to provide educational grants to members and their families, and to contribute to charitable organizations. The Member in Need fund is also available to those in need of emergency financial assistance.
What it reported doing in 2024
In FY25, the Foundation awarded educational grants to nine students attending US colleges and Universities, one grant to a Member in Need due to a natural disaster, and one grant to The Society of Former Special Agents of the FBI for their humanitarian efforts, such as service to homeless veterans.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 100
- Sustainability: 77
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.2%; rating input score 51
- Program expense ratio: 82.9%; rating input score 83
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: 56.1%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 7.22; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: Limited
- 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: 51.2% of revenue deployed · 82.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $36K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.