Henry Mitchell Elementary Foundation Inc
Nonprofit profile at a glance
- EIN
- 201717289
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Tampa, FL, USA
- Phone
- 8137651680
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Parent/Teacher Group
Reported finances
- Revenue
- $154,706
- Expenses
- $98,017
- Assets
- $162,639
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Shannon Holthaus (President)
People named in this filing
- Richard Alley (Board Member)
- Greg Williams (Board Member)
- Colleen Dunlop (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
The purpose of the Foundation is to receive donations and grants of money or property of any kind or value and disburse those funds and/or otherwise act in any manner designed to preserve and record the history of Henry Mitchell Elementary School, promote public education, support the curriculum of Henry Mitchell Elementary School, beautify Henry Mitchell Elementary School and its grounds, support the faculty and Parent/Teacher Association ("PTA") of Henry Mitchell Elementary School in their efforts to provide the best possible educational experience, and advance any other lawful purpose not for pecuniary profit that relates to Henry Mitchell Elementary School, and such other exclusively charitable, scientific, literary, and educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
What it reported doing in 2024
Extended Learning Program - funding allows students to reach their full potential by providing access to additional learning opportunities
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.
The verdict
SUPPORTED - 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: 59
- Transparency & Controls: 84
- Accountability: 76
- Sustainability: 74
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.3%; rating input score 55
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 94.1%; rating input score 94; 54th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 36.6%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -16.6% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 55.3% of revenue deployed · 85.9% of spending went to programs
- Governance: 21 of 21 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $84K in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.