Carolinas Carrousel Inc

Nonprofit profile at a glance

EIN
566060465
IRS 990-EZ coverage
2011–2014
Forms available
Form 990 2010, Form 990-EZ 2014
Location
Charlotte, NC, USA
Phone
7045250250
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Commemorative Events

Reported finances

Revenue
$4
Expenses
$20,692
Assets
$5,240

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • James Alsop (Vice President)
  • Jon Hannan (President)
  • AJ Carras (Vice President)
  • Jeff Collins (President)

People named in this filing

  • Linda Healy Vespa (Exec Director)
  • James Alsop (Vice President)
  • Jon Hannan (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 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Carolinas' Carrousel, Inc. is committed to enhancing the region's community life through quality family-oriented entertainment and to promoting academic excellence through scholarship awards to area high school students.

What it reported doing in 2014

The Carrousel Scholarship Program grants college scholarships to area high school seniors based on academic achievement and community involvement. Since it began in 1967, hundreds of students have benefited from the Carrousel Scholarship Program.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 71.7%; rating input score 72

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -517,200%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -66.1% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -52.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -42.4% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 71.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2011 to 2014
  • 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 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.