Fred's Charitable Foundation
Nonprofit profile at a glance
- EIN
- 203959931
- IRS 990-EZ coverage
- 2010–2017
- Forms available
- Form 990-EZ 2017
- Location
- Memphis, TN, USA
- Phone
- 9013658880
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Disaster Preparedness and Relief Services
Reported finances
- Revenue
- $13,480
- Expenses
- $5,500
- Assets
- $33,423
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- AMY JOHNSON (TRUSTEE)
- PATTY RALEY (TRUSTEE)
- Ronald Kay (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 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Financial assistance
What it reported doing in 2017
The foundation's activities include providing financial assistance to employees of fred's inc. And its subsidiaries who as a result of disaster have temporarily lost the ability to provide the basic life necessities of food, clothing, and shelter for themselves and their families.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. 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: 63
- Transparency & Controls: 82
- Sustainability: 86
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.8%; rating input score 41
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 59.2%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 6.08; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 15.2% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 15.5% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 40.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2010 to 2017
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.