Cape Coral Mayors Scholarship Fund Inc
Nonprofit profile at a glance
- EIN
- 650587630
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024, Form 990-N 2013
- Location
- Cape Coral, FL, USA
- Phone
- 2394706506
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $101,843
- Expenses
- $101,539
- Assets
- $38,611
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Charles Pease (Vice President)
- Laurie Blackwell (President)
People named in this filing
- Lisa Barnes (Director)
- Janis Keim (Director)
- Joanne Hayden (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 provide scholarships to Cape Coral citizens interested in furthering their education. Scholarships are awarded based on a combination of scholastic achievement, community involvement and financial need.
What it reported doing in 2024
Provided scholarships to 15 Cape Coral citizens who are pursuing post-secondary education.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. 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: 54
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54%; rating input score 54
- Program expense ratio: 54.2%; rating input score 54
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: 0.3%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 33% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 54% of revenue deployed · 54.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $55K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 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.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- Moderate — Sustainability: Operating margin scored 35/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.