The Okeefe Foundation
Nonprofit profile at a glance
- EIN
- 134284297
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- East Rockaway, NY, USA
- Phone
- 5166620485
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $16,136
- Expenses
- $23,087
- Assets
- $9,670
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- NOREEN COSTELLO (President)
- Marynita Anderson (Vice President)
- TIMOTHY J O'KEEFE (Vice President)
People named in this filing
- NOREEN COSTELLO (President)
- Marynita Anderson (Vice President)
- TIMOTHY J O'KEEFE (Vice President)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the Foundation are charitable and educational; To effectuate these purposes it specifically seeks to provide college educational Grants to first generation Americans or students who have lost a parent to a violent act and to provide charitable assitance to those in need of basic human services such as clean water, food, clothing and shelter to individuals lacking these basic human needs.An annual Sailing Regatta held each year on or about September 11th. The race is in memory of Firefighter Patrick J.O'Keefe who died September 11, 2001. Donations from the Regatta are our only source of income. All funds raised are used for Scholarships and charitable givings and running the annual event.
What it reported doing in 2024
The purpose of the Foundation are charitable and educational; To effectuate these purposes it specifically seeks to provide college educational Grants to first generation Americans or students who have lost a parent to a violent act and to provide charitable assitance to those in need of basic human services such as clean water, food, clothing and shelter to individuals lacking these basic human needs.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 82
- Sustainability: 21
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.1%; rating input score 65
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -43.1%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 26; 26th 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: 2.6% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: -5.4% per year; rating input score 0; 33rd percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 29th percentile among comparable filings
Details
- Where the money goes: 65.1% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2011 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 — Sustainability: Operating margin scored 14/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.