Aslap Foundation
Nonprofit profile at a glance
- EIN
- 300323350
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024, Form 990-T 2024
- Location
- Memphis, TN, USA
- Phone
- 9013330498
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $32,384
- Expenses
- $51,431
- Assets
- $180,597
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- DR B TAYLOR BENNETT (CHAIR)
- DR MICHAEL J HUERKAMP (VICE CHAIR)
- DR IRIS D BOLTON (COMMITTEE MEMBER)
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
Provide awards and scholarships
What it reported doing in 2024
Fellowship grants - provides funding for institutions to send students to a 10-12 week summer program combining didactic and experimental training in the practice of laboratory animal medicine.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.5%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -58.8%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 3.51; rating input score 78; 78th 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: -1.2% per year; rating input score 0; 44th percentile among comparable filings
- Revenue growth: -1.5% per year; rating input score 0; 45th percentile among comparable filings
- Asset growth: 0.6% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $50K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 — Sustainability: Operating margin scored 11/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.