Account Control Technology Foundation Inc

Nonprofit profile at a glance

EIN
460947419
IRS 990-EZ coverage
2013–2018
Forms available
Form 990-EZ 2018
Location
Woodland Hills, CA, USA
Phone
8003944228
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$55,643
Expenses
$68,252
Assets
$9,430
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • MIKE MYERS (CEO)

People named in this filing

  • MIKE MYERS (CEO)
  • DALE VAN DELLEN (CHAIRMAN)
  • JAMES GATES (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of account control technology foundation, inc. Is to improve the future prospects of the younger generation by offering education, assistance and mentorship to students at the onset of their adult life concerning debt management, financial literacy and understand debt obligations.

What it reported doing in 2018

The act foundation second-year scholarship program is for current college first-year students who plan to enroll as sophomores in a four-year college or university in the fall of 2018. A total of nine $1,000 scholarships will be awarded to students nationwide.the act cares community scholarship program is for graduating high school seniors from specific communities who will attend a four-year college or university beginning in the fall of 2018. Applicants must be current seniors at high schools within select counties surrounding our act holdings, inc. Offices including kern, los angeles and orange counties in California; bulter, clermont, hamilton and warren counties in Ohio; dallas, denton, collin, harris, montgomery, tom green, bexar & medina and fort bend counties in Texas; fulton, dekalb, augusta-richmond, and columbia counties in Georgia; palm beach county in Florida; prince william county in Virginia; montgomery county in Alabama; peoria county in Illinois; maricopa county in Arizona; edgefield and aiken counties, South Carolina; king county in Washington and westchester county in New York. A total of sixteen $1,000 scholarships will be awarded.charitable contributions were given to 3 charity organizations

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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 100
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.3%; rating input score 79
  • Program expense ratio: 64.6%; rating input score 65

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: -22.7%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -10.1% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -7.5% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: -10.3% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 79.3% of revenue deployed · 64.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $44K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2013 to 2018
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • 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.