Tony Finau Foundation Fka Finau Youth Foundation
Nonprofit profile at a glance
- EIN
- 472111415
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Lehi, UT, USA
- Phone
- 8013186360
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $569,429
- Expenses
- $684,715
- Assets
- $1,249,078
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CHELSEA FAIRBOURN (EXECUTIVE DIRECTOR)
- KELEPI FINAU (PRESIDENT (THROUGH MARCH 1, 2024))
Highest reported compensation
- CHELSEA FAIRBOURN (EXECUTIVE DIRECTOR): $104,980 total reported compensation
- JUSTIN MAY (TREASURER): $13,150 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation is built on a family discovered experience through the game of golf. It aims to empower and inspire youth and their families to discover, develop, and achieve the best of their gifts and talents through the game of golf, educational funding, and core family values.
What it reported doing in 2024
The tony finau foundation mentoring program offers support to a minimum of one professional golfer annually, who has a connection to Utah, assisting them in their efforts to pursue the pga or lpga tour. This support includes financial assistance for expenses related to golf practice and competition, including entry fees, travel costs, equipment procurement, and other requisite materials. Additionally, the program provides invaluable, non-material support through access to tony finau and his network of professional golfers and coaches for ongoing mentorship and advice. Recipients of the tony finau foundation mentoring program will be expected to attend tony finau foundation fundraising events and support community outreach programming (schedule permitting) in hopes of helping the next (continued on schedule o) generation of youth discover, develop, and achieve their goals.the 2024 recipients of the program were connor howe and blake tomlinson.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 87
- Accountability: 62
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.4%; rating input score 98
- Program expense ratio: 81.8%; rating input score 82
- Fundraising efficiency: $43.67 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 87.6%; rating input score 88; 37th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -20.2%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 1.82; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 17.3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 20.8% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 14.2% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 26.1% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 98.4% of revenue deployed · 81.8% of spending went to programs
- Governance: 3 of 4 board members independent · 4 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $560K in reported program spending
- Leadership: top reported pay $105K · 7 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 7 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.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 9/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 19/100.