Hailey Mayz Foundation Inc
Nonprofit profile at a glance
- EIN
- 800459455
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011, Form 990-N 2010
- Location
- Rancho Santa Margarita, CA, USA
- Phone
- 9496005437
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Patient Services - Entertainment, Recreation
Reported finances
- Revenue
- $1,611,438
- Expenses
- $1,753,955
- Assets
- $412,527
- Liabilities
- $24,848
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- SEAN VASSILAROS (PRESIDENT/CHAIRMAN)
People named in this filing
- SEAN VASSILAROS (PRESIDENT/CHAIRMAN)
- WENDY VASSILAROS (SECRETARY/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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide financial assistance to families that cannot afford medical expenses & other expenses associated with children suffering from special needs. Our purpose is to raise money and help the children with special needs wherever they may be.
What it reported doing in 2024
The hailey mayz foundation inc. Provides physical, speech and occupational therapy for children in need. The foundation offers financial assistance to lower-income families with special needs children by providing treatment for their child at a reduced cost. In 2023 the hailey mayz foundation gifted over $170,000 worth of services to children with special needs that are under-insured.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.5%; rating input score 88
- Program expense ratio: 81.4%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -8.8%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 17% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 88.5% of revenue deployed · 81.4% of spending went to programs
- Governance: 2 of 2 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 18/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.