Joe Carrasco Foundation for Education

Nonprofit profile at a glance

EIN
883685278
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023
Location
Sahuarita, AZ, USA
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$4,355
Expenses
$1,800
Assets
$4,355
Liabilities
$1,800

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Joe L Carrasco (President Director)
  • Yvonne Abeyta (Vice President Director)

People named in this filing

  • Joe L Carrasco (President Director)
  • Yvonne Abeyta (Vice President Director)
  • Natasha Montanez (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To ensure that all children and young adults are given the opportunity to learn and reach their fullest potential through education. Our Core Values *Taught to us by Mr. Joe Carrasco himself GOD With God first all things are possible and there are no problems only solutions. Family We believe that family is at the heart of everything we do. Servitude Do unto others as you would have them do unto you -Matthew 17:12 Love thy neighbor as thyself - Matthew 22:37 " Integrity We believe that we should do the right thing even when nobody is looking. Community Our family has been blessed in so many ways we now want to give back to the community and serve others.

What it reported doing in 2023

We have been able to provide scholarships to children or young adults through the memorial golf tournament. Last year we were able to provide 3 $600 scholarships.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 26
  • Transparency & Controls: 82
  • Sustainability: 72
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 41.3%; rating input score 41
  • 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: 58.7%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 2.42; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 41.3% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.