Theodore Tannenwald Jr Foundation for Excellence in Tax Scholarship Inc
Nonprofit profile at a glance
- EIN
- 311706312
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Chicago, IL, USA
- Phone
- 3125038041
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $8,610
- Expenses
- $11,210
- Assets
- $142,846
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ARMANDO GOMEZ (VICE PRESIDENT)
People named in this filing
- NANCY S ABRAMOWITZ (DIRECTOR)
- HONORABLE MAURICE B FOLEY (DIRECTOR)
- ARMANDO GOMEZ (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 foundation is a 509(a)(3) supporting organization to the american college of tax counsel ("actc") which is a section 501(c)(6) organization. The foundation's primary exempt activity is to sponsor, in conjunction with actc, an annual law student writing competition in the field of tax law.
What it reported doing in 2024
Tannenwald writing competition - cash prizes to writing competition winners.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 82
- Sustainability: 51
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.3%; rating input score 94
- Program expense ratio: 66.9%; rating input score 67
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -30.2%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 12.74; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -1% per year; rating input score 0; 45th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: -1.6% per year; rating input score 0; 33rd percentile among comparable filings
Details
- Where the money goes: 94.3% of revenue deployed · 66.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.