The information for Federal Law Enforcement Foundation Inc is as of the organization's most recent filing in December 2019. This organization is located in New York, NY. It has been in existence for 30 years, following its founding in 1989.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Federal Law Enforcement Foundation Inc's NTEE code is I60. The "I" tells us that the organization is classified along with Law Enforcement. The "60" tells us that the organization is a Crime & Legal-Related organization. The NTEE describes Crime & Legal-Related organizations as law enforcement associations, advisory councils or other nonprofit community groups that provide advice and direction for police departments; auxiliaries or other community-based organizations that collect and disburse money in aid of injured police officers or in support of local law enforcement activities; and other nonprofit groups that have an interest in law enforcement issues.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Federal Law Enforcement Foundation Inc is to support federal, state, and local law enforcement, first responders, and the Department of Homeland Security, and all related activities.
Federal Law Enforcement Foundation Inc is run by Michael Greco, who is the Executive Director. The organization has no employees, but it does have 17 volunteers who support the organization's mission.
The Federal Law Enforcement Foundation Inc is well-governed, given the information provided. With nine voting members and nine independent members, the organization is well-balanced and ensures that potential conflicts of interest do not exist. Board meetings are documented, and the organization provides copies of the 990 to the board prior to filing, demonstrating a commitment to transparency and accountability. The organization does not have a conflict of interest policy, whistleblower policy, document retention policy, or any policies that require disclosure of conflicts. Furthermore, the organization does not substantiate or review leadership or officer salaries. However, the organization's commitment to transparency and accountability is commendable.
Our dataset has two years of grant history for the Federal Law Enforcement Foundation Inc. In that time, they have awarded ten grants, with an average check size of $12,000. All grants were awarded in the Crime & Legal-Related sector. Additionally, the organization most frequently awards grants in the state of New York (9) and Florida (1).
The Federal Law Enforcement Foundation Inc has experienced a decrease in overall revenue, contributions and grants, and grants paid over the last four years. However, their investment income has risen and the number of volunteers has increased. This indicates that the organization has experienced some overall growth during the given time period, despite the drop in revenue.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Blumenfeld Treasurer | OfficerTrustee | 2 | $0 |
John A Catsimatidis Chairman | OfficerTrustee | 3 | $0 |
Charlie Merinoff Executive Director | Officer | 2 | $0 |
Simon Bergson Director | Trustee | 2 | $0 |
Jamie B Coulter Director | Trustee | 2 | $0 |
Warren Lichtenstein Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $199,607 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $199,607 |
Total Program Service Revenue | $0 |
Investment income | $37,592 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $237,199 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $245,424 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,462 |
Compensation of current officers, directors, key employees. | $1,231 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,476 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,623 |
Fees for services: Other | $25,000 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $55,445 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,524 |
All other expenses | $30,870 |
Total functional expenses | $400,824 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $39,113 |
Savings and temporary cash investments | $702,122 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $79,432 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $550,711 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,371,378 |
Accounts payable and accrued expenses | $34,000 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $34,000 |
Net assets without donor restrictions | $1,337,378 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,371,378 |
Over the last fiscal year, Federal Law Enforcement Foundation Inc has awarded $60,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
New York, NY | | $20,000 |
New York, NY | | $20,000 |
New York, NY | | $10,000 |
New York, NY | | $10,000 |
Over the last fiscal year, we have identified 3 grants that Federal Law Enforcement Foundation Inc has recieved totaling $35,000.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $15,000 |
Montefiore Medical Center Bronx, NY PURPOSE: sponsorship | $10,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HUMAN SERVICES | $10,000 |