The Weinreb-berenda-carter Foundation Inc

Nonprofit profile at a glance

EIN
010727527
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Merrick, NY, USA
Phone
7183727333
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Scholarships, Student Financial Aid Services, Awards
Affiliation
Judaism

Reported finances

Revenue
$144,674
Expenses
$131,723
Assets
$3,267,984
Liabilities
$45,500

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

Leadership & pay

3 people listed

Executive titles in this filing

  • JENNIFER BACHRACH (PRESIDENT/DIRECTOR)

Highest reported compensation

  • DAVID JACOBSESQ-CPA (SECY-TREAS./DIRECTOR): $23,000 total reported compensation
  • JENNIFER BACHRACH (PRESIDENT/DIRECTOR): $3,000 total reported compensation
  • A LANA KONSTANDAKOPOULOS (DIRECTOR): $3,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support for operating public charities engaged in:(a) advancing the general welfare of people of the jewish faith.(b)med. Research & treatment for catastrophic & chronic illnesses. (c) animal rescue, shelter & adoption.(d)communal services-food, clothing & shelter for all people in need.

What it reported doing in 2024

The foundation provided monetary support to sixty-three (61) operating public charities (disclosed on sch. O) providing programs & services, including but not limited to: (i)-life saving medical treatments for children with chronic/catastrophic illnesses (9 charities) (ii)-food clothing, supplies, shelter & services for the indigent (13 charities) (iii)-aid to disabled/injured veterans & their families (4 charities) (iv)-educational institutions (6 charities) (v)-medical/scientific research seeking cures for chronic diseases (3 charities) (vi)-animal rescue, shelter & adoption (5 charities) (vii)-rescue & refuge for the oppressed (3 charities) (viii)-jewish heritage, culture, ideals & values (11 charities) (ix)-combating anti-semitism, bigotry & prejudice (4 charities) (x)-public parks, trails & environmental conservation (3 charities)

Operating model

Revenue model
Investment-supported. 81% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 83% 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.5%; rating input score 89
  • Program expense ratio: 83.4%; rating input score 83
  • Fundraising efficiency: $11.26 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 9%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 24.81; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 22%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 0.1% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 88.5% of revenue deployed · 83.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $23K · 3 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.