Aset Foundation
Nonprofit profile at a glance
- EIN
- 770644963
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990-EZ 2024
- Location
- Lees Summit, MO, USA
- Phone
- 8169459226
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $27,637
- Expenses
- $15,846
- Assets
- $199,799
- Liabilities
- $2,212
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- KEVIN HELM (EXECUTIVE DIRECTOR)
People named in this filing
- CONNIE KUBIAK (DIRECTOR)
- MAGDALENA WARZECHA (DIRECTOR)
- MARY BETINIS (DIRECTOR)
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
To advance the science and technical standards of the electroencephalography and allied fields through grants and scholarships.
What it reported doing in 2024
Scholarships and educational initiatives
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 36
- Transparency & Controls: 82
- Sustainability: 79
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 31.3%; rating input score 31
- Program expense ratio: 43%; rating input score 43
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 42.7%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 12.61; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5.2% per year; rating input score 0; 35th percentile among comparable filings
- Revenue growth: -0% per year; rating input score 0; 51st percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 31.3% of revenue deployed · 43% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 43/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.