Katherine Rae Iarussi Foundation
Nonprofit profile at a glance
- EIN
- 824796617
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990 2020, Form 990-EZ 2025
- Location
- Ravenna, OH, USA
- Phone
- 3302565995
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $16,440
- Expenses
- $17,251
- Assets
- $30,778
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- SHANA VARNER (Vice President)
People named in this filing
- BRENDA IARUSSI (Trustee)
- RALPH IARUSSI (Trustee)
- MCKENZIE IARUSSI (Trustee)
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
The object and purpose of the Foundation shall be to (a) provide monetary scholarships to graduating seniors; (b) conduct fundraising efforts in order to financially support and sponsor the Foundation; and (c) support other activities that build enthusiasm and spirit, without regard to race, color, creed, national origin, religion, or sex.
What it reported doing in 2025
Assistance with rootstown local schools field trip for students
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
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.6%; rating input score 51
- Program expense ratio: 48.2%; rating input score 48
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.9%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 1.78; rating input score 63; 63rd 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: 10.1% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -14.6% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -5.1% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 50.6% of revenue deployed · 48.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 6 filed program accomplishments · $8K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 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.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.