The Logue Foundation

Nonprofit profile at a glance

EIN
263187900
IRS 990-EZ coverage
2011–2012
Forms available
Form 990 2010, Form 990-EZ 2012, Form 990-N 2008
Location
Salt Lake City, UT, USA
Phone
8014844775
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$48,306
Expenses
$69,453
Assets
$240,543

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

7 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the public good through its rehabilitation of rental projects and collaborative efforts in transitional and low-income housing. Through case management, soup kitchen services, and thrift store services, the organization also seeks to assist residents to regain health, manage disabilities, and learn job skills to that they are able to move towards permanent housing and otherwise transition to a better and more productive quality of life.

What it reported doing in 2012

During 2012, the logue foundation provided transitional housing for 40 qualifying low-income individuals. In addition, the organization provided free transportation services between price and helper, ut to approximately 300 needy individuals to improve access to work and social services. The thrift store run by the organization served economically challenged individuals in the area by providing an affordable shopping option. The thrift store had approximately 1,110 transactions during 2012.

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 94% 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

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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.4%; rating input score 95

Transparency & Controls

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

Sustainability

  • Operating margin: -43.8%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 3.46; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -50.7% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -56.7% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -12.6% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 95.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $66K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2011 to 2012
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.