Town of Medley Foundation Inc

Nonprofit profile at a glance

EIN
311611414
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Medley, FL, USA
Phone
3058879541
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Reported finances

Revenue
$290,522
Expenses
$59,960
Assets
$445,601
Liabilities
$33,172

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

Leadership & pay

4 people listed

Highest reported compensation

  • ARTURO JINETE (DIRECTOR): $129,567 total reported compensation
  • EDGAR AYALA (DIRECTOR): $59,880 total reported compensation
  • LOURDES RODRIGUEZ (DIRECTOR): $59,880 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 othe town of medley foundation raises funds to support the residents of the town, providing senior hot meals, children's before and afterschool care, summer camp, senior medical transportation, and college start-up grants used to defer college expenses such as the cost of books. Additionally, the foundation offers a college scholarships program to all students residing in the town that meet certain requirements. The scholarships are awarded to high school graduates for each college term they attend up to a lifetime maximum.

What it reported doing in 2024

The foundation supports the local community through a variety of programmatic activities. It provides grants to the local high school for its graduate program, senior events, and sports programs to support students and enhance school programming, including providing $300 to each graduating senior. The town also operates a program to assist lakeside residents with repairs to their mobile homes following county-imposed violations. In addition, it implements community initiatives such as providing free hot meals and cold lunches to eligible residents, hosting christmas events for the community, and sponsoring the medley youth social club (mysc), a program designed to engage middle and high school students in developmentally appropriate activities, volunteer work, and community service.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 46% for direct work, and 54% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 100
  • Accountability: 30
  • Sustainability: 75
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 20.5%; rating input score 20
  • Program expense ratio: 97.5%; rating input score 97
  • Fundraising efficiency: Limited

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: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 71
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 79.4%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 7.43; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: 53% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 58.7% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 20.5% of revenue deployed · 97.5% of spending went to programs
  • Governance: 0 of 4 board members independent · 5 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $58K in reported program spending
  • Leadership: top reported pay $130K · 4 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and related organizations
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Mission deployment rate scored 20/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.