Withumsmithbrown Staff Hardship Relief Fund Inc

Nonprofit profile at a glance

EIN
461391826
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2017
Location
Princeton, NJ, USA
Phone
6095201188
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Emergency Assistance

Reported finances

Revenue
$380,372
Expenses
$182,850
Assets
$2,204,482
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • PATRICK WALSH CPA MBA (PRESIDENT - TRUSTEE)

People named in this filing

  • PATRICK WALSH CPA MBA (PRESIDENT - TRUSTEE)
  • JOHN MORTENSON CPA (SECRETARY - TRUSTEE)
  • CHRISTOPHER DEMAYO CPA MBA (TREASURER - 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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Withumsmith+brown staff hardship relief fund, inc. Was incorporated in 2013 and established the disaster relief fund (the "fund"). The fund is formed: a) to provide disaster relief assistance to persons affiliated with withumsmith+brown and their families (with the exception of partners and their families) who have been affected by a qualified natural or civil disasters in New Jersey, New York, Pennsylvania, and Connecticut and other areas, and to others who experience suffering as a result of such a disaster. B) to provide emergency hardship assistance to persons affiliated with withumsmith+brown and their family members (with the exception of partners and their families) and to others who experience suffering as a result of such emergency or hardship situation. C) to make grants to other charitable code section 501(c)(3) organizations that are assisting those affected by a qualified natural or civil disaster. D) to make grants to other charitable code section 501(c)(3) organizations

What it reported doing in 2024

Grants made providing disaster relief to individuals affected by a natural or civil disaster, providing emergency hardship assistance to individuals and providing scholarships and student loan forgiveness to individuals.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 94
  • Accountability: 88
  • Sustainability: 88
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.1%; rating input score 52
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 51.9%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 12.06; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 21.4% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 12.1% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 21.6% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 52.1% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $183K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2018 to 2024
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.