First Addition Extension
Nonprofit profile at a glance
- EIN
- 834422223
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2018
- Location
- Zeeland, MI, USA
- Phone
- 6162165371
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
- Affiliation
- Christianity
Reported finances
- Revenue
- $449,915
- Expenses
- $412,857
- Assets
- $261,277
- Liabilities
- $97,521
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- MARCIE BUSH (PRESIDENT)
Highest reported compensation
- MARCIE BUSH (PRESIDENT): $5,300 total reported compensation
- AMY MCKELLIPS (VICE PRESIDE): $5,300 total reported compensation
- TERESA DEYOUNG (TREASURER): $5,300 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
First addition is a gospel-centered homeschool partnership designed to enhance the academic, physical, and social efforts of homeschooling families. Our goal is to build supportive community and family connections through a variety of enrichment, academic, and elective classes.
What it reported doing in 2024
Extension of home education designed to provide instruction of specific extra-curricular activities
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 90
- Accountability: 72
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.7%; rating input score 87
- Program expense ratio: 94.5%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.2%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 19.8% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 17.5% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 24.4% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 86.7% of revenue deployed · 94.5% of spending went to programs
- Governance: 4 of 4 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $390K in reported program spending
- Leadership: top reported pay $5K · 4 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- Review — Sustainability: Operating margin scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.