Jimmy Lee Scholarship Fund

Nonprofit profile at a glance

EIN
813442052
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024
Location
Purchase, NY, USA
Phone
2033514275
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$110,064
Expenses
$127,260
Assets
$52,998
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • HAROLD W MCGRAW III (PRESIDENT)

People named in this filing

  • HAROLD W MCGRAW III (PRESIDENT)
  • PAUL S MCCNAMARA (TREASURER)
  • JERRY P LEAMON (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

The jimmy lee scholarship fund (the "fund") was formed for the purpose of awarding post-secondary education scholarships to current or former caddies at the blind brook club, inc., in purchase, New York for study at a college, university or vocational school in pursuit of an undergraduate degree or a professional, trade or technical designation in a recognized occupation.

What it reported doing in 2024

The purpose of awarding post-secondary education scholarships to current or former caddies at the blind brook club, inc., in purchase, New York for study at a college, university or vocational school in pursuit of an undergraduate degree or a professional, trade or technical designation in a recognized occupation.

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

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 assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 31
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.3%; rating input score 94

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: -15.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 31.6% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 24.9% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -10.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $120K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.