Drew Ross Memorial Foundation

Nonprofit profile at a glance

EIN
872403758
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Sneads Ferry, NC, USA
Phone
8042635847
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Official website

Reported finances

Revenue
$42,476
Expenses
$23,950
Assets
$93,641

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

Leadership & pay

9 people listed

Executive titles in this filing

  • SARAH ROSS GEISEN (PRESIDENT)

People named in this filing

  • SARAH ROSS GEISEN (PRESIDENT)
  • ELIZABETH ROSS (VICE PRESIDE)
  • STEPHEN ROSS (VICE PRESIDE)

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 drew ross memorial foundation inspires patriotism, selfless service, and perseverance to build stronger communities.

What it reported doing in 2024

The foundation works to create pathways of healing and empowerment by bringing together the family, friends and communities of fallen service members. Programs include gold star family support, veteran activities and community outreach. This is accomplished through financial grants, appearances and speaking engagements at gold star family events, collaborative woodworking programs with the star program at mcguire va center through the drmf flag building program, and community events like the annual legacy ruck and roll. In the 24-25 fiscal year, grants were given to three 501(c)(3) recipients supporting fallen servicemembers. Additionaly, the foundation provides an annual rchs leadership award to a graduating high school senior who exemplifies the values that defined drew ross, symbolizing the epitome of leadership and commitment.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 60% for direct work, and 40% for 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: 53
  • Transparency & Controls: 82
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 41%; rating input score 41
  • Program expense ratio: 72.7%; rating input score 73

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 43.6%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 3.91; rating input score 80; 80th 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: 86.1% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 30.8% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 33% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 41% of revenue deployed · 72.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $17K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 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 41/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.