The Kirk H and Joann P Gibson Family Foundation for Parkinson's Research
Nonprofit profile at a glance
- EIN
- 824716374
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Farmington Hills, MI, USA
- Phone
- 3138232318
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Diseases of Specific Organs
Reported finances
- Revenue
- $7,658,722
- Expenses
- $1,275,293
- Assets
- $17,223,018
- Liabilities
- $7,236,828
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- KIRK H GIBSON (PRESIDENT)
- STEVE ANNEAR (CEO & DIRECTOR)
Highest reported compensation
- STEVE ANNEAR (CEO & DIRECTOR): $244,433 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to improve the quality of life of those living with parkinson's through the development and delivery of activity-based programs.
What it reported doing in 2024
In 2024 the foundation continued to support activity-based programming through grant funding support to programs for yoga, dance, boxing and speech classes as well as assisting a nonprofit grantee provide almost 14,000 hours of respite care for 176 families of those with parkinson's. Additionally, the foundation secured a 10-year lease on a 40,000 square foot building as home to a new parkinson's wellness center. Significant investment was made in the planning and design of the center, scheduled to be opened in the fall of 2025.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 77
- Accountability: 60
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.4%; rating input score 11
- Program expense ratio: 59.8%; rating input score 60
- Fundraising efficiency: $25.57 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.5%; rating input score 93; 28th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 83.3%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 13.51; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 19.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 18.5% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 35.8% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 41.5% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 11.4% of revenue deployed · 59.8% of spending went to programs
- Governance: 2 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $763K in reported program spending
- Leadership: top reported pay $244K · 6 people listed · 3 of 6 pay-setting controls reported
- Consistency: 32 of 34 current checks pass · 2 findings to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 5 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 — Financial Efficiency: Mission deployment rate scored 11/100.
- Moderate — Accountability: Independent voting board scored 40/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.