Isaac Schuman Foundation
Nonprofit profile at a glance
- EIN
- 922458191
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Stillwater, MN, USA
- Phone
- 6512144808
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $34,456
- Expenses
- $17,767
- Assets
- $65,840
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ALINA HERNANDEZ (BOARD MEMBER, EXECUTIVE DIRECTOR)
- MAE REHER (VICE PRESIDENT)
People named in this filing
- ALINA HERNANDEZ (BOARD MEMBER, EXECUTIVE DIRECTOR)
- MAE REHER (VICE PRESIDENT)
- ANITA GUNDERSON (SECRETARY)
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
Our mission is to keep isaac's kind, generous and hard-working spirit alive by helping people overcome hardships and empower them to achieve their dreams. Our foundation honors isaac's legacy, helping others do what he could only dream, by providing scholarships to motivated youth.
What it reported doing in 2024
Our foundation honors isaac's legacy, helping others do what he could only dream, by providing scholarships to motivated youth. During 2024, 5 individuals received scholarships from the foundation to help pay for their college tuition and supplies.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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 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: 39
- Transparency & Controls: 100
- Sustainability: 80
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.5%; rating input score 29
- Program expense ratio: 55.3%; rating input score 55
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: 48.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 3.71; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -55% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -66.1% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 29% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 28.5% of revenue deployed · 55.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 29/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.