Drew Mclachlan Memorial Fund
Nonprofit profile at a glance
- EIN
- 830597039
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Somerville, NJ, USA
- Phone
- 9086721508
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $67,796
- Expenses
- $20,630
- Assets
- $190,982
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JOHN MCLACHLAN III (PRESIDENT)
People named in this filing
- SUSAN PROULX (TRUSTEE)
- JOHN MCLACHLAN III (PRESIDENT)
- JASON KRASKA (SECRETARY)
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
To propagate drew mclachlan's memory through local support of the somerville New Jersey area recreation, sports and youth activities. We aim to help the talented thrive and the cancer fighters survive.
What it reported doing in 2024
To propagate drew mclachlan's memory through local support of the somerville New Jersey area recreation. During the 2024 tax year, 13,500 was donated to local non-profits to help children and families in need.
Operating model
- Revenue model
- Other-operating. 73% of the money available for current operations came from other operating revenue.
- 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 program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 82
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.9%; rating input score 20
- Program expense ratio: 65.4%; rating input score 65
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 69.6%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 9.26; rating input score 91; 91st 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: 17.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 23.5% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 19.9% of revenue deployed · 65.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $14K 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: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.