Fleming Foundation

Nonprofit profile at a glance

EIN
756022736
IRS 990-PF coverage
2010–2024
Forms available
Form 990-PF 2024
Location
Aledo, TX, USA
Phone
8173353741
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard

Reported finances

Revenue
$1,796,548
Expenses
$410,641

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

Overview

Mission

Fleming Foundation is a nonprofit. Location: Aledo, TX. EIN 756022736. Tax year 2024 Form 990-PF reports $1.8M revenue and $411K expenses.

What it reported funding in 2024

The foundation reported 2 grants totaling $210,000. The stated grant purposes included providing a high-quality, college-preparatory education to students and promote global education and cultural competency.

Operating model

Revenue model
Other-operating. 95% of the foundation's positive operating resources came from other operating revenue.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filed numbers largely add up and the filing identifies who received its grants. A relatively small share of available resources goes to charitable grants and a relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 46
  • Cost Efficiency: 51
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 78

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 45.6%; rating input score 46; 6th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 51.1%; rating input score 51; 14th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 23.25; rating input score 78; 78th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 45.6% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 78th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 14 filing years from 2010 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.

  • Moderate — Grant Deployment: Grant deployment ratio scored 46/100.
  • Review — Cost Efficiency: Grant expense ratio scored 51/100.