Founders Commission
Nonprofit profile at a glance
- EIN
- 922297681
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Rockford, IL, USA
- Phone
- 8157081644
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Recreation& Sports N.E.C.
Reported finances
- Revenue
- $37,133
- Expenses
- $21,137
- Assets
- $18,849
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- NICK POVALITIS (FOUNDER/PRESIDENT)
People named in this filing
- CATHY HEADLEY (CHAIRMAN OF THE BOARD OF DIRECTORS)
- MARCHAN ADKINS (VICE CHAIRMAN)
- NICOLE BRISCOE (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
The founders commission celebrates and leverages the rockford region's excellence and ingenuity in business, arts and entertainment, and sports for brand, economic and social good.
What it reported doing in 2025
***diamonds scholar***youth scholarships are eligible to high school seniors from boone, ogle, stephenson and winnebago counties. For the 2025-26 cycle, at least one scholarship will be awarded to a graduating high school student who is pursuing college, university, junior college, or technical/trades post-secondary education. In alignment with diamonds as a vehicle for showcasing exemplary achievement, applicants must embody excellence in the classroom, demonstrate an ability to thrive under pressure, and show a commitment to volunteerism in the rockford region.
Operating model
- Revenue model
- Other-operating. 71% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 69
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.4%; rating input score 0
- Program expense ratio: 0.6%; rating input score 1
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 43.1%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0.4% of revenue deployed · 0.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $134 in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 1/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.