Carol's Fund
Nonprofit profile at a glance
- EIN
- 262696515
- IRS 990-EZ coverage
- 2013–2017
- Forms available
- Form 990-EZ 2017, Form 990-N 2008
- Location
- Las Vegas, NV, USA
- Phone
- 7608773173
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Amateur Sports Competitions
Reported finances
- Revenue
- $3,877
- Expenses
- $182,716
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- GRANGER HAUGH (PRESIDENT)
People named in this filing
- GRANGER HAUGH (PRESIDENT)
- SHANNON HAUGH BARTH (SECRETARY)
- LYNN HAUGH (TREASURER)
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
To support amateur ice skaters who compete in local and national sports competitions and to provide amatuer ice skaters with sports equipment and facilities. The board of directors has voted to expand the beneficiaries of carol's fund to include;(a) special needs children such as the special needs foundation cayman.(b) the cayman bridge foundation that funds half-way houses for those with alcohol and drug abuse problems.(c) aviation education(d) restoration of antique aircraft to make it museum quality.
What it reported doing in 2017
To support amateur ice skaters who compete in local and national sports competitions and to provide amatuer ice skaters with sports equipment and facilities. To also provide assistance for unanticipated skating expenses.
Operating model
- Revenue model
- Donor-supported. 76% 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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.5%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4,612.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 34.5% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: -5.9% per year; rating input score 0; 35th percentile among comparable filings
- Asset growth: -27.9% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $180K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2013 to 2017
- 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.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.