Vicar's Landing Foundation Inc
Nonprofit profile at a glance
- EIN
- 821479221
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Ponte Vedra Beach, FL, USA
- Phone
- 9043950283
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $206,417
- Expenses
- $260,616
- Assets
- $410,015
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- D BRUCE JONES (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- D BRUCE JONES (CHIEF EXECUTIVE OFFICER): $454,933 total reported compensation
- DARREN ROY (CHIEF FINANCIAL OFFICER): $298,692 total reported compensation
- DALE PIRKLE (CHIEF OPERATING OFFICER): $265,147 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To benefit life care ponte vedra, inc., a not-for-profit corporation operating vicar's landing retirement community, through the provision of funding for improvement of facilities, establishment of emergency resources for needy residents, and reduction of resident fees.
What it reported doing in 2024
Vicar's landing foundation collects gifts to be used for the benefit of continuing care retirement community life care ponte vedra, inc. D/b/a vicar's landing and its residents. Donors have the option to designate how they wish to see their gifts used. In 2024, gifts were directed toward memorials and enhancements throughout the campus, including the naming and dedication of the community pool, the renovation of the living room in the health center, the naming of the campus security gate in honor of a resident, purchase of a piano at oak bridge and various memorials in the chapel, health center, and assisted living center.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 5
- Transparency & Controls: 69
- Accountability: 100
- Sustainability: 31
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: $12.87 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -26.3%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 36.2%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -28.9% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 25.2% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $455K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Related organizations: 4 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Officer compensation ratio scored 8/100.