Three Crowns Foundation

Nonprofit profile at a glance

EIN
201060468
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Evanston, IL, USA
Phone
8473288700
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonprofit Management

Reported finances

Revenue
$68,253
Expenses
$44,198
Assets
$522,214
Liabilities
$1,624,398

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

Leadership & pay

29 people listed

Executive titles in this filing

  • DAVID G ERICKSON (DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER)
  • TODD SLETCHA (DIRECTOR/EX-OFFICIO/CMB PRESIDENT)
  • TERRI S CUNLIFFE (FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24)

Highest reported compensation

  • TERRI S CUNLIFFE (FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24): $1,177,166 total reported compensation
  • DAVID G ERICKSON (DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER): $810,861 total reported compensation
  • JEAN E JUSTIE (CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC): $693,761 total reported compensation

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

Overview

Mission

(see schedule o)

What it reported doing in 2024

Support for three crowns park, a related organization.

Operating model

Revenue model
Donor-supported. 71% 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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 58
  • Accountability: 79
  • Sustainability: 59
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 95.8%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 78.9%; rating input score 79; 24th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.2%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 11.82; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 3.11; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 2,186.7%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: -12.5% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: -13.8% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 95.8% of spending went to programs
  • Governance: 15 of 19 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $42K in reported program spending
  • Leadership: top reported pay $1.2M · 29 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 32 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.