Tom Pernice Jr Charities Inc
Nonprofit profile at a glance
- EIN
- 205854169
- IRS 990 coverage
- 2019–2019
- Forms available
- Form 990 2019
- Location
- Murrieta, CA, USA
- Phone
- 9519706427
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $135,160
- Expenses
- $61,500
- Assets
- $109,985
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Tom Pernice Jr (President/Director)
- Jerry J Rellihan (Vice President/Director)
People named in this filing
- Tom Pernice Jr (President/Director)
- Jerry J Rellihan (Vice President/Director)
- Steve Spencer (Secretary Treasurer/Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To give financial assistance to organizations that have impacted the Pernice family, namely the Iowa Institute for Vision Research, the Unforgettables Foundation and the First Tee of Inland Empire.
What it reported doing in 2019
To give financial assistance to charitable organizations that have impacted the Pernice family, namely the Iowa Institute for Vision Research, the Unforgettables Foundation and the First Tee of Inland Empire.
Operating model
- Revenue model
- Other-operating. 84% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. Some filing-based governance responses are negative or unanswered and a relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 88
- Accountability: 0
- Sustainability: 79
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.5%; rating input score 46
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 0 of 7 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 54.5%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.79; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 45.5% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $62K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 43 of 44 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 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.
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 — Accountability: Governance controls: 6 of 6 not reported.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.