David Scaringe Memorial Scholarship Fund
Nonprofit profile at a glance
- EIN
- 743229461
- IRS 990-EZ coverage
- 2012–2016
- Forms available
- Form 990-EZ 2016
- Location
- Albany, NY, USA
- Phone
- 5184592203
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $11,627
- Expenses
- $13,782
- Assets
- $33,292
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- GARY GUERRO (President)
- JOE ZECCOLO (Vice President)
People named in this filing
- FRANK SCARINGE (Director)
- JOHN ZANELLA (Director)
- GREGORY MARTINI (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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was formed for charitable, scientific and educational purposes, more specifically to award scholarships to graduating high school seniors for college study, to be applied to tuition, fees, books or living expenses at an accredited college or university.
What it reported doing in 2016
The organization awards scholarships to graduating high school seniors for college study, to be applied to tuition, fees, books or living expenses at an accredited college or university.
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 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.1%; rating input score 87
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -18.5%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 2.42; rating input score 70; 70th 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: -23.2% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -25.6% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -4% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 87.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $12K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2012 to 2016
- 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 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.