Iredell County Partnership for Young Children Inc

Nonprofit profile at a glance

EIN
562005160
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Statesville, NC, USA
Phone
7048789980
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$4,053,155
Expenses
$4,067,964
Assets
$100,962
Liabilities
$24,244

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • LISA M FAMILO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LISA M FAMILO (EXECUTIVE DIRECTOR): $144,105 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lifting children to better beginnings by providing services that strengthen families, raise the quality of early care and education, promote health and safety, and expand literacy.

What it reported doing in 2024

Family support - provided community education and public awareness regarding the importance of quality early learning experiences as the foundation for learning. 26 community outreach events were conducted. Family navigation assesses the needs of families with children 0-5 and connects them to community resources. 467 parents with 646 young children received 2,293 packs of diapers and wipes. 1,356 referrals were made.kaleidoscope play & learn supports parents/caregivers with children 0-5 to support them in preparing their children for success in school and life. 160 parents/caregivers with 168 children participated in weekly playgroups.dolly parton's imagination library promotes early literacy by providing high-quality, age-appropriate, books to children each month. 966 new children enrolled in 2024-2025. 70,152 books have been distributed.raising a reader supports families and children ages 3-4 to build, practice, and grow reading routines with their children while developing a longlife love of reading. 164 parents/guardians with 178 children participated in the program. Iredell safe seats provides car seat safety checks by certified passenger safety technicians, parents/caregivers education on child passenger safety, and hands-on assistance with proper installation and use of child restraint systems and seat belts. 135 car seat were checked and 72 car seats were provided to children in immediate need.

Operating model

Revenue model
Grant-funded. 99% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 27
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.5%; rating input score 88
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: $188.51 raised per $1 spent on fundraising; rating input score 91; 91st 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; 72nd 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: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.4%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: -5.2% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 88.5% of revenue deployed · 88.2% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.6M in reported program spending
  • Leadership: top reported pay $144K · 19 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • 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.

  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.