Jean E Schrader Memorial Fund

Nonprofit profile at a glance

EIN
367461921
IRS 990-EZ coverage
2010–2025
Forms available
Form 990 2016, Form 990-EZ 2025
Location
Sturgis, MI, USA
Phone
2694677450
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$11
Expenses
$0
Assets
$12,313
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Eleanor K Iott (President)

People named in this filing

  • Steve D Iott (Treasurer)
  • Don E Iott (Board Member)
  • Julie K Evans (Board Member)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

In an effort to promote amateur athletics, scholarships are awarded to students who display excellence in both academics and athletics. The Corporation, while pursuing the aforementioned purpose, shall not act so as to impair its eligibility for exemption under Section 501(c)3 of the Internal Revenue Code of 1986, as now enacted or hereafter amended.

What it reported doing in 2025

All the monies have been donated to the St Joseph County Government in Michigan with the stipulation that it is to be used with the original goal of this 501C3 in mind in an effort to close out this corporation due to lack of participation.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -16.9% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -18.9% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -3.2% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • 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 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.