Jerry Vercruse Memorial Scholarship Fund Inc

Nonprofit profile at a glance

EIN
833846211
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Los Angeles, CA, USA
Phone
2136272178
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$44,778
Expenses
$23,946
Assets
$87,677

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

Leadership & pay

3 people listed

People named in this filing

  • Luis Villalvazo (Chairman)
  • Jessica Ledesma (Rec. Secretary)
  • Frank Afoa (CFO)

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

The object of this corporation is to serve the various communities in which the Union members affiliated with Teamsters Local 630 reside, as well as other communities where Teamster members reside, by promoting the welfare of Teamster members and other persons, generally, who have financial, medical, or social needs, including to raise monies and distribute the same to help defray costs for educational purposes sought by members in good standing or their dependents; and/or members in the larger Teamsters' community. Said purpose shall be served by the following, and other, means: contributions to charitable organizations which are tax exempt under Section 501(c)(3) of the Internal Revenue Code which serve the communities of the Teamsters membership and the rendering of financial or other assistance to needy or disabled Teamster members, their children, and to the larger communities in which Teamsters reside.

What it reported doing in 2024

The Organization put on a golf fund-raising event in which the net proceeds are used to provide $23,000 in donations to 1 charitable organization and 13 scholarships.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 100
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.4%; rating input score 51
  • Program expense ratio: 96%; rating input score 96

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: 46.5%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 3.66; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 40% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 40% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 51.4% of revenue deployed · 96% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $23K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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 51/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.