Carroll Moran Memorial Scholarship Fund

Nonprofit profile at a glance

EIN
862356965
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Corsicana, TX, USA
Phone
9038746366
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$54,228
Expenses
$11,646
Assets
$349,605
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • CHAD GRANT (VICE PRESIDENT)
  • JACKQUELIN GRIDER (VICE PRESIDENT)
  • JEFF NELSON (VICE PRESIDENT)

People named in this filing

  • DARRELL COBB (CHAIRPERSON)
  • CHAD GRANT (VICE PRESIDENT)
  • JACKQUELIN GRIDER (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 carroll moran memorial scholarship fund was formed to award scholarships to seniors from a navarro county high school who haveparticipated in all four years in the navarro county youth expo.

What it reported doing in 2024

The carroll moran memorial scholarship fund awards scholarships to seniors from a navarro county high school who have participated in all four years in the navarro county youth expo.

Operating model

Revenue model
Donor-supported. 81% 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

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 100
  • Sustainability: 89
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 33.4%; rating input score 33
  • Program expense ratio: 85.9%; rating input score 86

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: 78.5%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 30.02; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 0% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: -53.4% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 26.9% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 33.4% of revenue deployed · 85.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.