The Hannah Kroner Legacy Foundation

Nonprofit profile at a glance

EIN: 812188918
IRS 990-EZ coverage: 2017–2018
Forms available: Form 990-EZ 2018, Form 990-N 2016
Location: Wanaque, NJ, USA
Phone: 5164554932
Rating: 58
Verdict: MIXED
Rating confidence: Moderate

Official website

Reported finances

Revenue: $4,739
Expenses: $6,306
Assets: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

EVELYN SUMMER (CEO)
DANIEL SUMMER (PRESIDENT)

People named in this filing

EVELYN SUMMER (CEO)
JERRY SUMMER (CFO)
JILL WENDROW (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the hannah kroner legacy foundation is to preserve and celebrate the passion of one dancer's unique journey from persecution during the turbulent 1930's in berlin, to a world that offered her the freedom and opportunity to create a lasting legacy.

What it reported doing in 2018

To educate the public on the historical effect the holocaust had on oppression of the arts. Providing artists today with opportunities to excel and pursue their passion.

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up. 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: 48
Transparency & Controls: 82
Sustainability: 14
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 53.3%; rating input score 53
Program expense ratio: 39.9%; rating input score 40

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -33.1%; rating input score 15; 15th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd 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: -119.4% per year; rating input score 0; 2nd percentile among comparable filings
Revenue growth: -96.5% per year; rating input score 0; 2nd percentile among comparable filings
Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

Where the money goes: 53.3% of revenue deployed · 39.9% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $3K in reported program spending
Leadership: top reported pay $0 · 7 people listed
Consistency: 5 of 5 current checks pass
Schedules: 3 filed schedules
Filing history: 2 filing years from 2017 to 2018
Contacts: How to reach this organization
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.

Review — Financial Efficiency: Mission deployment rate scored 53/100.
Moderate — Financial Efficiency: Program expense ratio scored 40/100.
High — Sustainability: Operating margin scored 15/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.