Brown Hudner Navy Scholarship Foundation

Nonprofit profile at a glance

EIN
874808169
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Alexandria, VA, USA
Phone
7035490060
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$3,280,445
Expenses
$185,432
Assets
$4,752,563
Liabilities
$160,286

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

Leadership & pay

20 people listed

Executive titles in this filing

  • EDWARD W PROBERT JR (PRESIDENT)

Highest reported compensation

  • EDWARD W PROBERT JR (PRESIDENT): $381,621 total reported compensation
  • SARAH TONIZZO (CHIEF FINANCIAL OFFICER): $268,151 total reported compensation
  • HAROLD VAN OPDORP (SECRETARY): $245,247 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To honor the legacy of jesse brown and tom hudner by providing scholarships to the children of navy sailors studying science, technology, engineering, mathematics, and health science fields.

What it reported doing in 2024

Established in 2022, the brown hudner navy scholarship foundation (bhnsf) provides scholarships to the qualified children of navy sailors. Qualifications include demonstrated financial need, a grade point average of 2.0 or higher, attending an accredited post-secondary school, and pursuing a degree or certification in a science, technology, engineering, mathematics, or health science field. The marine corps scholarship foundation (mcsf) has a 60-year reputation of charitable excellence and was therefore selected to organize and manage bhnsf.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 71
  • Accountability: 71
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 8.7%; rating input score 9
  • Program expense ratio: 78.1%; rating input score 78
  • Fundraising efficiency: $92,503.03 raised per $1 spent on fundraising; rating input score 100; 100th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 94.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 25.63; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 85.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 35.3% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 81.8% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 86.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 8.7% of revenue deployed · 78.1% of spending went to programs
  • Governance: 9 of 10 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $145K in reported program spending
  • Leadership: top reported pay $382K · 20 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 9/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 0/100.