298 INC

Nonprofit profile at a glance

EIN
753017242
IRS 990-EZ coverage
2020–2023
Forms available
Form 990-EZ 2023
Location
Philadelphia, PA, USA
Phone
2155635592
Rating confidence
Limited
Sector
Fund Raising and Fund Distribution
Affiliation
Religious (unspecified)

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • John O'Neill (President)

People named in this filing

  • John O'Neill (President)
  • David Clapcich (Treasurer)
  • Tara Chupka (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of 298 Inc is to raise money through solicited contributions and fundraising activities in order to donate, in the form of meals, toys, monetary gifts, and other miscellaneous gifts, to needy families and organizations with a similar purpose during the various holiday seasons throughout the year. As of year end 2021 The exempt organization ceased operations and liquidated all assets. For the Year 2022, paperwork and documentation for the dissolution of this entity is in process and will be finalized in 2023. No financial activity occurred for the years 2022 and 2023 and all assets (cash) were liquidated in accordance with our primary purpose in 2021.

What it reported doing in 2023

Nothing to report for 2023

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 55
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 66.7%; rating input score 67; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -100.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -96.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -120% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.