Jonathan P Formanek Foundation is a 501(c)(3) organization based in Memphis, Tennessee, registered in 2019, with $1,461,100 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$1.5M
▲ 87.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$446K
Net assets
$9.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jonathan P Formanek Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jonathan P Formanek Foundation: 257 mo reserves · +69% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Jonathan P Formanek Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jonathan P Formanek Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from -$1.1M (FY2020) to $1.5M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
69.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.6M
Total liabilities
$0
Net assets
$9.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,461,100▲87.0% | $446,490▼17.2% | $9,556,550▲11.9% | $9,556,550▲11.9% | 990PF |
| 2023 | $781,405▲542% | $539,030▼13.6% | $8,541,940▲2.9% | $8,541,940▲2.9% | 990PF |
| 2022 | -$176,905▼118% | $623,628▼31.5% | $8,299,565▼8.8% | $8,299,565▼8.8% | 990PF |
| 2021 | $974,129▲190% | $910,445▲0.2% | $9,100,098▼11.7% | $9,100,098▼11.7% | 990PF |
| 2020 | -$1,083,043 | $908,501 | $10,310,540 | $10,310,540 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Jonathan P Formanek Foundation (EIN 82-3557941) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.