Gibson Ek Foundation
Nonprofit profile at a glance
- EIN
- 920781312
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Sammamish, WA, USA
- Phone
- 4255030608
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $80,054
- Expenses
- $965
- Assets
- $110,166
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Matt Pelham (Vice President and Director)
- Mikel Morrow (President and Director)
People named in this filing
- Kenneth Moyle (Chairman and Director)
- Matt Pelham (Vice President and Director)
- Mikel Morrow (President and 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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the corporation is to advance public education through project-based learning grants to Gibson Ek High School in Issaquah, Washington, through charitable distributions exclusively to Gibson Ek PTSA 2.6.70, a Washington nonprofit corporation and tax exempt organization under section 501(c)(3) of the Internal Revenue Code of 1986 (EIN 81-2843810)
What it reported doing in 2024
The board performed governance and administrative tasks to ensure long-term growth of the Foundation. A new IT platform was implemented from a paid to a free service for non-profit organizations which included email, website hosting and file storage. The website was updated for easier navigation and integrated look with Gibson Ek High School.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 83
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
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: 98.8%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 114.16; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: Limited
- 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% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.