Hendrick Scholarship Foundation

Nonprofit profile at a glance

EIN
752376396
IRS 990 coverage
2014–2021
Forms available
Form 990 2021
Location
Plano, TX, USA
Phone
9724232079
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$259,236
Expenses
$137,692
Assets
$409,400
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • JEAN CALLISON (PRESIDENT)

People named in this filing

  • TIM BOOBAR (BOARD MEMBER)
  • JEAN CALLISON (PRESIDENT)
  • MARY JO DEAN (IMMEDIATE PA)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the hendrick scholarship foundation is to provide the means for qualified students who have experienced adversities to enroll in college and, with continued moral and financial encouragement and support, to graduate.

What it reported doing in 2021

Hendrick scholarship students need help with funding their college education as well as emotional encouragement to reach their educational and life potential. Hendrick foundation's grants pay for tuition, fees, and books to help to locate resources to deal with issues such as transportation, employment, or housing. Hendrick scholarships granted in 2020:

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 93
  • Accountability: 64
  • Sustainability: 78
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.5%; rating input score 27
  • Program expense ratio: 49.7%; rating input score 50
  • Fundraising efficiency: $9.17 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

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: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 46.9%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 2.97; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -10.9% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -10.2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 26.5% of revenue deployed · 49.7% of spending went to programs
  • Governance: 22 of 22 board members independent · 1 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $68K in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 8 filing years from 2014 to 2021
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 27/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.