Fredx Change Inc
Nonprofit profile at a glance
- EIN
- 462428561
- IRS 990-EZ coverage
- 2015–2015
- Forms available
- Form 990-EZ 2015, Form 990-N 2014
- Location
- Fredericksburg, VA, USA
- Phone
- 5408452451
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $78,396
- Expenses
- $53,645
- Assets
- $29,047
- Liabilities
- $1,322
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MATT NORRIS (PRESIDENT)
- MAX LUPTON (VICE PRESIDENT/SECRETARY)
- LIBBY O'MALLEY (EXECUTIVE DIRECTOR)
People named in this filing
- MATT NORRIS (PRESIDENT)
- MAX LUPTON (VICE PRESIDENT/SECRETARY)
- MELINDA MAY (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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide education and training for entrepreneurs.
What it reported doing in 2015
Startup weekend - annual event during which entrepreneurs pitch ideas for startup companies. Teams of developers, graphic artists, etc form around idea. Over the weekend, the teams develop a business model and present a final pitch at the end. Event is open to the public. Participation range is 50-100 people.
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up. 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: 27
- Transparency & Controls: 100
- Sustainability: 54
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.3%; rating input score 23
- Program expense ratio: 34%; rating input score 34
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 31.6%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 18.6%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 23.3% of revenue deployed · 34% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $18K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Financial Efficiency: Mission deployment rate scored 23/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.