308 Grace Street

Nonprofit profile at a glance

EIN: 464151384
IRS 990-EZ coverage: 2014–2022
Forms available: Form 990-EZ 2022
Location: Livestock Lane, TX, USA
Phone: 8175011785
Rating confidence: Limited
Sector: Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue: $0
Expenses: $10,000
Assets: $27,329
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

Jason Wible (President)
Ray Harris (Vice President of Administration)
Brian Carver (Vice President of Academic Affairs)
David Harris (Vice President of Operations)

People named in this filing

Jason Wible (President)
Ray Harris (Vice President of Administration)
Brian Carver (Vice President of Academic Affairs)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide scholarship funds to the University of Alabama.

What it reported doing in 2022

This year 308 Grace Street provided a $10000 scholarship to the University of Alabama.

Operating model

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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: 0
Transparency & Controls: 100
Sustainability: 35
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: Limited
Program expense ratio: 0%; rating input score 0

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: Limited
Total-asset coverage ratio: 2.73; rating input score 70; 70th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -60% per year; rating input score 0; 7th percentile among comparable filings
Revenue growth: -38.7% per year; rating input score 0; 8th percentile among comparable filings
Asset growth: -19.4% per year; rating input score 0; 10th percentile among comparable filings

Details

Where the money goes: 0% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment
Leadership: top reported pay $0 · 4 people listed
Consistency: 8 of 9 current checks pass · 1 finding to review
Schedules: 3 filed schedules
Filing history: 9 filing years from 2014 to 2022
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Financial Efficiency: Program expense ratio scored 0/100.
Moderate — Transparency & Controls: Part III transfer expenses within program total 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.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.