500 Foundation Inc
Nonprofit profile at a glance
- EIN
- 923260919
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Greenville, SC, USA
- Phone
- 8033947413
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $500
- Expenses
- $500
- Assets
- $500
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jayson Sherrod (Executive Director)
People named in this filing
- Jayson Sherrod (Executive Director)
- Savannah Owens (Secretary)
- Edgar Sherrod (Treasurer)
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
Public safety, educational
What it reported doing in 2024
On the single donation of $500, 2 public safety educational events training children, youth, and adults in First Aid, CPR, and recruiting students to enter healthcare professions provided to more than 60 people free of charge during the following events: 1. 500 Kids Project Training Event: at Northside Park in Greenville, South Carolina on 4/20/24. 2. Emergency Medicine Symposium: at Blue Ridge Council Boy Scouts of America in Greenville, South Carolina on 11/16/24. At both events, community healthcare provider volunteers and volunteers from three corporations including Lockheed Martin, US&S, and India Association of Greenville, attended and assisted in training more than 60 students. Of the $500 donation, $250 was paid to Blue Ridge Council Boy Scouts of America, and the remaining $250 was spent on First Aid and CPR Training Supplies.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 49
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 1; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.