The Joseph Samuel Isicoff Memorial Fund Inc
Nonprofit profile at a glance
- EIN
- 201055878
- IRS 990-EZ coverage
- 2010–2016
- Forms available
- Form 990-EZ 2016
- Location
- Miami, FL, USA
- Phone
- 3053456421
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $89
- Expenses
- $61,907
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- STEVEN ISICOFF (PRESIDENT)
People named in this filing
- LAUREL M ISICOFF (SECRETARY)
- STEVEN ISICOFF (PRESIDENT)
- ERIC D ISICOFF ESQ (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-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation's primary exempt purpose is to to help children with add and adhd from low- income families or who are in foster care. Effective 12/31/2016 the joseph isicoff memorial fund, inc, has filed for voluntary dissolution. Any remaining assets will be donated as per the dissolution document.
What it reported doing in 2016
The jsimf raises funds to provide assistance to programs that help low income children and children in foster care that have add, adhd and other learning disabilities to learn how to cope with those disabilities. The funds are also raised to support in school advocacy for those children. For the last several years all of the funds raised by the jsimf have been used to fund the joseph samuel isicoff program for learning and advancement at the university of miami school of medicine.
Operating model
- Revenue model
- Donor-supported. 85% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.8%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -69,458.4%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st 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: 12.1% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: -39.6% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: -22.2% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $61K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2010 to 2016
- 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 — Sustainability: Operating margin scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.