Francis R Poling Sr Memorial Scholarship Inc

Nonprofit profile at a glance

EIN
880669536
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Keyport, NJ, USA
Phone
6104164151
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$29,737
Expenses
$10,214
Assets
$51,433
Liabilities
$0

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

Leadership & pay

5 people listed

Executive titles in this filing

  • KURT J POLING (PRESIDENT)
  • FRANK POLING JR (VICE PRESIDENT)

People named in this filing

  • KURT J POLING (PRESIDENT)
  • FRANK POLING JR (VICE PRESIDENT)
  • LORETTA POLING-YOUNG (TREASURER)

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 scholarship: organized exclusively for charitable purposes that qualify as exempt under section 501(c)(3) of the internal revenue code, or the corresponding section of any future comparable federal tax code specifically, the scholarship shall work to provide charitable educational needs awarded to graduating students from the community of keyport/union beach, New Jersey and keyport high school or any surviving educational entity. Not for profit: the memorial scholarship is an incorporated organization in the commonwealth of New Jersey operating on a not-for-profit basis.

What it reported doing in 2024

This charity provides financial support for the recipients first semester of college. Funds will go towards the semester tuition costs. The college can be a community, junior, or four year college

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 24
  • Transparency & Controls: 100
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.8%; rating input score 39
  • Program expense ratio: Limited

Transparency & Controls

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

Sustainability

  • Operating margin: 65.7%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 5.04; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 23.7% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 52.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 38.8% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 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 39/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.