Believe Foundation
Nonprofit profile at a glance
- EIN
- 453601650
- IRS 990-EZ coverage
- 2014–2017
- Forms available
- Form 990-EZ 2017, Form 990-N 2013
- Location
- Mount Clemens, MI, USA
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $166,686
- Expenses
- $171,629
- Assets
- $22,227
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JOANN M DELIZ (PRESIDENT/DI)
People named in this filing
- JOANN M DELIZ (PRESIDENT/DI)
- JAMES W DELIZ (VICE PRES/DI)
- KEN SCHORNAK (SECRETARY/DI)
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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's primary exempt purpose is to receive and to administer funds for cancer research, cancer awareness programs and provide relief for the staggering costs of cancer.
What it reported doing in 2017
To fund cancer research, support cancer awareness, support cancer patients and their families dealing with the staggering cost of cancer and support like-minded 501(c)(3) 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
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.2%; rating input score 99
- Program expense ratio: 96.4%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 38.3% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 37.3% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 15.9% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 99.2% of revenue deployed · 96.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $165K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2014 to 2017
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.