Jay Martin Memorial Scholarship Fun

Nonprofit profile at a glance

EIN
256181087
IRS 990-PF coverage
2020–2021
Forms available
Form 990-PF 2021
Location
Titusville, PA, USA
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$1,975
Expenses
$1,275

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

Overview

Mission

Jay Martin Memorial Scholarship Fun is a nonprofit. Location: Titusville, PA. EIN 256181087. Tax year 2021 Form 990-PF reports $2K revenue and $1.3K expenses.

What it reported funding in 2021

The foundation reported 1 grant totaling $1,000. The stated grant purpose was scholarship awarded for further education.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 81% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - The filing identifies who received its grants and a large share of spending goes to grants. A relatively small share of available resources goes to charitable grants.

Rating breakdown

  • Grant Deployment: 44
  • Cost Efficiency: 78
  • Transparency: 100
  • Compliance: 50
  • Endowment Health: 97

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 44.2%; rating input score 44; 16th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 78.4%; rating input score 78; 61st percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: Limited
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 57.7; rating input score 97; 97th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 44.2% grant deployment rate
  • Trustees: Filed trustees detail
  • Investments: 97th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 2 filing years from 2020 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Grant Deployment: Grant deployment ratio scored 44/100.