Captains Endowment Scholarship Fund Inc
Nonprofit profile at a glance
- EIN
- 800442784
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2019
- Location
- New York, NY, USA
- Phone
- 2127918292
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $90,113
- Expenses
- $84,570
- Assets
- $306,861
- Liabilities
- $46,935
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CHRISTOPHER T MONAHAN (PRESIDENT)
- JOHNNY RAMIREZ THRU 1024 (1ST VICE PRESIDENT)
- ROBERT HACHEMEISTER (2ND VICE PRESIDENT)
- KRISTEN SCHAFER (2ND VICE PRESIDENT)
People named in this filing
- CHRISTOPHER T MONAHAN (PRESIDENT)
- JOHNNY RAMIREZ THRU 1024 (1ST VICE PRESIDENT)
- ROBERT HACHEMEISTER (2ND VICE PRESIDENT)
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
The organization was formed to establish a scholarship fund for worthy students; to aid, encourage, stimulate, foster and promote artistic, cultural and educational activities through grants, bequests, gifts or otherwise to individuals, groups, institutions and organizations; to accept, hold, invest, reinvest and administer any gifts, bequests, devises, benefits of trusts(but not to act as trustee of any trust), and property of any sort without limitation as to amount or value and to use, disburse or donate the income or principal thereof exclusively for charitable purposes; to raise funds and solicit donations from interested individuals, charitable, educational and scientific organizations and foundations, and other interested organizations and foundations, agencies, institutions, associations and corporations and to administer and expend such funds in furtherance of the corporate goals and purposes; to receive, establish and maintain a fund or funds or real or personal property, or
What it reported doing in 2024
The organization was formed to establish a scholarship fund for worthy students; to aid, encourage, stimulate, foster and promote artistic, cultural and educational activities through grants, bequests, gifts or otherwise to individuals, groups, institutions and organizations; to accept, hold, invest, reinvest and administer any gifts, bequests, devises, benefits of trusts(but not to act as trustee of any trust), and property of any sort without limitation as to amount or value and to use, disburse or donate the income or principal thereof exclusively for charitable purposes; to raise funds and solicit donations from interested individuals, charitable, educational and scientific organizations and foundations, and other interested organizations and foundations, agencies, institutions, associations and corporations and to administer and expend such funds in furtherance of the corporate goals and purposes; to receive, establish and maintain a fund or funds or real or personal property, or both, and subject to any restrictions and limitations hereinafter set forth, to use and apply the whole or any part of the income therefrom and principal thereof exclusively for charitable, scientific and educational purposes either directly or by funding programs or projects that accomplish such charitable, cultural and educational purposes.
Operating model
- Revenue model
- Donor-supported. 84% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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 some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.2%; rating input score 56
- Program expense ratio: 59.9%; rating input score 60
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 6.2%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 3.63; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 56.2% of revenue deployed · 59.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $51K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Review — Sustainability: Operating margin scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.