156 Massey Apartments Scholarship Inc

Nonprofit profile at a glance

EIN
872761329
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Mcdonough, GA, USA
Phone
4049325215
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$50,000
Expenses
$50,072
Assets
$10,028

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

Leadership & pay

6 people listed

People named in this filing

  • RICHARD HARRIS (PRINCIPAL OF)
  • DONZELL NEKIRK (DIRECTOR)
  • ARTHUR M'CURLES (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

At 156 massey, we believe in the power of opportunity and the strength of community. Our mission is to empower individuals and families to overcome barriers, pursue education, and build sustainable futures. Through a range of programs and initiatives, we provide resources, mentorship, and support to help people unlock their full potential. Founded on the principle that everyone deserves a chance to succeed, we work with diverse communities to address the unique challenges they face. Whether it's through providing access to quality education, career training, or community development programs, we are dedicated to creating lasting change and empowering the next generation of leaders. At the heart of 156 massey is the belief that by investing in people, we can transform lives and build stronger, more resilient communities. Join us in making a differencetogether, we are empowering futures

What it reported doing in 2024

156 massey is a Georgia-based nonprofit organization dedicated to expanding access to higher education for underprivileged students across the state. Our mission is to provide scholarship funding to deserving college-bound students from low-income backgrounds, helping them overcome financial barriers and pursue their academic and career aspirations.focused exclusively on supporting students attending colleges and universities in Georgia, we offer need-based scholarships that cover tuition, books, housing, and other essential educational expenses. We work in partnership with high schools, community organizations, and local institutions to identify promising students who demonstrate both academic potential and financial need.by investing in the education of georgias future leaders, we aim to empower individuals, uplift communities, and create long-term opportunities through the transformative power of higher education.

Operating model

Revenue model
Donor-supported. 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 32
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -0.1%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 133.3% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: -119.8% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $50K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 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.

  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.