71Mvp Inc

Nonprofit profile at a glance

EIN
825228151
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2018
Location
Deland, FL, USA
Phone
3868220173
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$739,503
Expenses
$396,324
Assets
$603,120
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • RANDALL DYE (PRESIDENT)
  • ANDREA DYE (VICE PRESIDENT)

People named in this filing

  • RANDALL DYE (PRESIDENT)
  • ANDREA DYE (VICE PRESIDENT)
  • NIKKI RISLEY (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

At 71 mvp, inc. Our mission is inspired by the legacy of 1971 mlm roberta clemente, who once said, "if you have the opportunity to make a difference in this world and you don't, then you are wasting your time on earth." we are committed to evolving and expanding our reach to support children's charities, mental health services, and suicide prevention awareness through our initiatives, including the race to stop suicide on the nascar platform. By engaging with local and national partners, we strive to meet the diverse needs of our communities while fulfilling our passion for making positive and lasting impact. Join us in our efforts and make a difference in this world, today.

What it reported doing in 2024

To partner and provide funding for children's charities in volusia county and throughout the country.another initiative of 71mvp is "race to stop suicide." mental health has reached epidemic proportions and affects us all. 71mvp has chosen to use the professional racing platform to deliver our message because it is unique and has a massive television and social media audience. We specifically utilize nascar and the daniel dye racing team. Nascar is the most recognized racing organization in our country and arguably the world. Our efforts include establishing race to stop suicide as a nationally trademarked organization. This helps us deliver a consistent message. Racer daniel dye is our nascar spokesperson for race to stop suicide. Daniel has done speaking engagements for middle schools, fraternal organizations, and numerous veterans organizations. He has spoken at boys and girls clubs and various television and social media interviews. In addition, he has done several psa radio commercials and television spots.our race to stop suicide initiative includes three pillars: first, create awareness through the normalization of the conversation. In other words, make it ok to talk about. Second, provide an entry-level amount of education. What to look for, symptoms, and simply a plan to check in and check up on people you suspect to be at risk. Additionally, to make it a bit easier to identify those at risk. And third, to make sure those in need have access to resources.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 87
  • Accountability: 18
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.5%; rating input score 53
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.4%; rating input score 92; 40th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 46.4%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 1.52; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 24.2% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 45.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 53.5% of revenue deployed · 98.4% of spending went to programs
  • Governance: 0 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $390K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.