Excite Foundation
Nonprofit profile at a glance
- EIN
- 854059911
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- San Jose, CA, USA
- Phone
- 4089795148
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $41,103
- Expenses
- $94,437
- Assets
- $269,738
- Liabilities
- $2,550
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- BRIAN DORCY (BOARD CHAIR)
- JOHN HOGAN (EXEC DIR, TREASURER/SECRET)
- HECTOR ESPINOZA (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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We exist to enhance the lives of people living in the communities served by excite credit union. We do this by primarily focusing on children's savings programs and stand ready to support disaster relief when needed.
What it reported doing in 2025
We completed the fifth year of enrollment of first grade children in the college in my future children's savings program. In total, we have 2,993 children enrolled. Each child is credited with a $50 seed deposit in a college savings account and has the opportunity to earn additional bonuses or deposit matches based on engagement with the program. We launched a parent advisory committee to assist us with program design and parent engagement.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 74% for direct work, and 26% for 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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 100
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 72%; rating input score 72
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -129.8%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 2.86; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 48.9% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: -9.7% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: 23.2% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 72% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $68K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 6/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.