The Jesse Kolber Foundation Inc
Nonprofit profile at a glance
- EIN
- 824925860
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- White Plains, NY, USA
- Phone
- 9142733280
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $11,853
- Expenses
- $3,314
- Assets
- $145,559
- Liabilities
- $374
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- LINDSAY TANNE KOLBER HOWE (Executive Dir.)
- JAMES KENYON (Academic Dir.)
- KIM DENNY (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The jesse kolber foundation is committed to providing both access to and financing for college to highly achieving students who have demonstrated resillience, financial need and a commitment to academic excellence.the foundation provides standardized test preparation and college application support to those students in order to help them gain access to four year universities.additionally, it provides scholarship funding that will help close the gap in access to these institutions and cover the cost of living expenses.
What it reported doing in 2024
The jesse kolber foundation is commited to providing both access to and financing for college to highly achieving students who have demonstrated resillience, financial need, and a commitment to academic excellence.the foundation provides standardized test preparation and college application support to these students in order to help them gain access to four year universities.additionally, it provides scholarship funding that will help close the gap in access to these institutions and cover the cost of some living expenses.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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 most voting board members are independent. 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: 22
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 82
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.7%; rating input score 13
- Program expense ratio: 45.3%; rating input score 45
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 72%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 43.92; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 12.3% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: -39.7% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 12.7% of revenue deployed · 45.3% of spending went to programs
- Governance: 4 of 4 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- 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 13/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.