William Eck Charitable Trust

Nonprofit profile at a glance

EIN
112586121
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Brooklyn, NY, USA
Phone
7182302165
Rating
36
Verdict
REVIEW
Rating confidence
Limited

Reported finances

Revenue
$6,857
Expenses
$0
Assets
$176,729
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • LINDA E JOHNSON (TRSUTEE)
  • KAREN SHEEHAN (TRUSTEE)
  • MICHAEL LIBURD (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The designated beneficiary of this trust, the Brooklyn Public Library, maintains over 50 branches in the borough of Brooklyn, in the State of New York, at which the public library services are rendered to the general public, particularly the residents of Brooklyn.

What it reported doing in 2023

The designed beneficiary of this trust, the brooklyn public library, maintains over 50 branches in the borough of brooklyn, in the state of New York, at which the public library services are rendered to the general public, particularly the residents of brooklyn.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: 12.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 3.8% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • 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.