Michael J Yakes Foundation is a 501(c)(3) organization based in Gulfport, Florida, registered in 2024, with $1,251 in FY2020 revenue. CharityIndex grades it F.
Revenue (FY2020)
$1,251
▼ 97.8% vs prior year
Environment median: $250K
Expenses (FY2020)
$11K
Net assets
$64K
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 Michael J Yakes 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 Michael J Yakes Foundation: 69 mo reserves · -796% margin earns a F 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 Michael J Yakes 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 Michael J Yakes Foundation: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Revenue declined from $57K (FY2019) to $1,251 (FY2020) across 2 reported years.
Financial snapshot
Operating margin
-795.7%
Spent more than it raised in the latest fiscal year.
Total assets
$64K
Total liabilities
$0
Net assets
$64K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2020 | $1,251▼97.8% | $11,205▼67.5% | $64,403▼13.4% | $64,403▼13.4% | 990 |
| 2019 | $56,833 | $34,464 | $74,357 | $74,357 | 990 |
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 Michael J Yakes Foundation (EIN 46-4280084) 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.