The New Millennium Charitable Foundation

Nonprofit profile at a glance

EIN
232903172
IRS 990-PF coverage
2018–2024
Forms available
Form 990-PF 2024
Location
Boca Raton, FL, USA
Phone
2159904244
Rating
93
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$43,551
Expenses
$49,948

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

The New Millennium Charitable Foundation is a nonprofit. Location: Boca Raton, FL. EIN 232903172.

What it reported funding in 2024

The foundation reported 4 grants totaling $49,000. The stated grant purposes included joe dimaggio children's hospital foundation was established in 1994 to secure philanthropic funding in support of joe dimaggio children's hospital's mission to heal the body, mind and spirit of those it touches. joe dimaggio children's hospital is the only children's hospital that performs cardiac catheterization, open heart surgery, pediatric heart transplantation and pediatric dialysis in broward county., inspire hope and promote lifelong health by providing the best care to every child., and help individuals with hearing loss and balance disorders., plus 1 other reported purpose.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 97
  • Cost Efficiency: 98
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 44

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 97.3%; rating input score 97; 43rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 98.1%; rating input score 98; 92nd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 16.08; rating input score 44; 44th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 97.3% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 44th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

  • Moderate — Endowment Health: Endowment-health comparison scored 44/100.