The Walter F Jacob Foundation Inc

Nonprofit profile at a glance

EIN: 471697821
IRS 990-EZ coverage: 2015–2018
Forms available: Form 990-EZ 2018
Location: Peoria, IL, USA
Phone: 3096922883
Rating: 83
Verdict: STRONG
Rating confidence: Moderate
Sector: Named Trusts N.E.C.

Reported finances

Revenue: $13,217
Expenses: $47,412
Assets: $0
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

JAMES WALLER (PRESIDENT)
JAMES ARDIS (VICE PRESIDENT)

People named in this filing

JAMES WALLER (PRESIDENT)
JAMES ARDIS (VICE PRESIDENT)
KEVIN SLAVENS (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the foundation is to give back to the local community, making a difference in the community and providing great resources that impact families.

What it reported doing in 2018

Donations/grants to various local organizations or chapters that help develop a healthy work ethic and life skills in youth, research cures for diseases, or help needy persons etc.

Operating model

Revenue model: Donor-supported. 100% 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: 96
Transparency & Controls: 82
Sustainability: 9
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 90.2%; rating input score 90

Transparency & Controls

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

Sustainability

Operating margin: -258.7%; rating input score 4; 4th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd 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: 36.7% per year; rating input score 100; 92nd percentile among comparable filings
Revenue growth: -21% per year; rating input score 0; 15th percentile among comparable filings
Asset growth: -33.6% per year; rating input score 0; 6th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 90.2% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $43K in reported program spending
Leadership: top reported pay $0 · 3 people listed
Consistency: 9 of 9 current checks pass
Schedules: 4 filed schedules
Filing history: 4 filing years from 2015 to 2018
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.

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 4/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.