Dolphin Foundation for Education & Arts Inc
Nonprofit profile at a glance
- EIN
- 832512307
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Gulf Shores, AL, USA
- Phone
- 2517475433
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $65,750
- Expenses
- $88,351
- Assets
- $101,121
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DAVID SCHWARTZ (PRESIDENT)
Highest reported compensation
- LINDSEY MCCLURE (EXECUTIVE DI): $27,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is established within the meaning of the IRS publication 557 section 501(c)(3) organization of the internal revenue code of 1986, as amended (the "code") or the corresponding section of any future tax code and shall be operated exclusively for the support and enhancement of opportunities for the students, teachers & parents of the gulf shores city schools as well as the city of gulf shores, Alabama. In addition, this corporation has been formed for the purpose of performing all things incidental to, or appropriate in, the foregoing specific and primary purposes. However, the corporation shall not, except to an insubstantial degree, engage in any activity or the exercise of any powers which are not in furtherance of its primary non-profit purposes. The corporation shall hold and may exercise all such powers as may be conferred upon any nonprofit organization by the laws of the state of Alabama and as may be necessary or expedient for the administration of the affairs and
What it reported doing in 2024
Adopt a teacher - the goal is to get all teachers in the gulf shores city school district board certified. During the year, numerous teachers have started working on being board certified. The program is an ongoing commitment.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 64% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 93
- Accountability: 63
- Sustainability: 33
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.7%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -34.4%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 1.14; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 31.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: -2.7% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.7% of spending went to programs
- Governance: 13 of 13 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $82K in reported program spending
- Leadership: top reported pay $28K · 3 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 10/100.