Yaeger Foundation Inc
Nonprofit profile at a glance
- EIN
- 650581611
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024
- Location
- Miami, FL, USA
- Phone
- 3057514208
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Personal Social Services
Reported finances
- Revenue
- $543,467
- Expenses
- $105,220
- Assets
- $1,029,371
- Liabilities
- $21,057
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Ivan Yaeger (Executive Director)
Highest reported compensation
- Ivan Yaeger (Executive Director): $29,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide healthcare, educational and economic development programs to the public. Activities include providing prosthetic limbs to children, STEAM curriculum (inventing, biotech, entrepreneurship) to schools and developing a mixed use medical facility. These programs have impacted thousands of individuals and received international press coverage.
What it reported doing in 2025
We began construction of the Yaeger Plaza to expand our Comprehensive Health Care and Inventor Assistance programs. This mixed use facility will provide Yaeger Foundation headquarters and a community activity space for building residents and the general public. Services will include STEAM education (Technology Leaders Initiative), as well as medical services/information (The Yaeger Clinic healthcare facility and medical museum).
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.7%; rating input score 15
- Program expense ratio: 75.3%; rating input score 75
- Fundraising efficiency: $1.59 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 17th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 80.6%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 9.78; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 28.1%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 44.4% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 16.1% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 14.7% of revenue deployed · 75.3% of spending went to programs
- Governance: 2 of 3 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $79K in reported program spending
- Leadership: top reported pay $30K · 3 people listed
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 15/100.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.