Amanda W Lockey Foundation

Nonprofit profile at a glance

EIN
473657021
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Richland, MS, USA
Phone
6019334650
Rating
42
Verdict
MIXED
Rating confidence
Moderate
Sector
Named Trusts N.E.C.

Official website

Reported finances

Revenue
$250,815
Expenses
$4,179
Assets
$160,855
Liabilities
$400,000

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

Leadership & pay

9 people listed

Executive titles in this filing

  • AMANDA W LOCKEY (VICE PRESIDENT)
  • PAYTON L LOCKEY (PRESIDENT)

People named in this filing

  • AMANDA W LOCKEY (VICE PRESIDENT)
  • ELIZABETH MICHAEL (TREASURER/SECRETARY)
  • PAYTON L LOCKEY (PRESIDENT)

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

To advance scientific and medical research related to diagnosis, treatment, cure and prevention of pancreatic cancer, neuroendocrine cancer and all other forms of cancer through various fundraising efforts.

What it reported doing in 2024

Amanda w. Lockey foundation (foundation) is committed to advancing scientific and medical research to the diagnosis, treatment, cure and prevention of pancreatic cancer, neuroendocrine (net) cancer and other forms of cancer. During 2024, the foundation continued to provide financial support for promising cancer treatment trials at the university of Kentucky - markey cancer center.the markey cancer center net research program (mnrp) reported 11 neuroendocrine clinical trials ongoing. Phase i, phase ii, and phase ill trials all show promise for net cancer survival rates as new treatments are advanced.the foundation is looking forward to helping find a cure for pancreatic net cancer.

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

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. 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: 86
  • Accountability: 62
  • Sustainability: 84
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 55.6%; rating input score 56; 16th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 98.3%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 38.49; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 2.49; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -37.7% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -15.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -14.6% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 5 of 9 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2016 to 2024
  • 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.
  • Review — Accountability: Independent voting board scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.