Dedicate to Graduate Inc

Nonprofit profile at a glance

EIN
841202906
IRS 990-EZ coverage
2016–2019
Forms available
Form 990-EZ 2019, Form 990-N 2015
Location
Lone Tree, CO, USA
Phone
3036912345
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$372
Expenses
$38,000
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • COLLEEN KNOLL (CHAIRMAN)
  • STEVE FERRERO (TREASURY/SECRETARY)
  • TODD MARKSBERRY (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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Purpose of dedicate to graduate: in an effort to assist canvas credit union (canvas) members pursue their goals of higher education, dedicate to graduate has created a scholarship program for selected individuals to attend institutions of higher education. To assist canvas in their pursuit of supporting the communities they serve, dedicate to graduate will support canvas's community scholarship program, which recognizes the community and academic achievements of individuals within canvas's branch communities.

What it reported doing in 2019

Dedicate to graduate awards two scholarships of $5,000 each. One for a high school senior and one for a college student. Dedicate to graduate also awards a community scholarship of $1,000 per student in each of canvas credit union's branch communities. Four of these students, are nominated and receive an additional community leadership award of $500, and one of the students receives an additional community leadership award of $5,000.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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: 100
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

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

Sustainability

  • Operating margin: -10,115.1%; 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: -10.3% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -100.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -58.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $38K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2016 to 2019
  • 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: Program expense growth scored 0/100.
  • 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.