Katie's Project Inc

Nonprofit profile at a glance

EIN
262848802
IRS 990-EZ coverage
2011–2015
Forms available
Form 990-EZ 2015
Location
Myrtle Beach, SC, USA
Phone
8434499000
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services N.E.C.

Reported finances

Revenue
$16,600
Expenses
$48,951
Assets
$59,497
Liabilities
$41,913

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KATHY FOXWORTH (PRESIDENT & DIRECTOR)
  • JOE GARRELL (VICE-PRESIDENT & DIRECTOR)

People named in this filing

  • KATHY FOXWORTH (PRESIDENT & DIRECTOR)
  • ANGIE JOHNSON (TREASURER & DIRECTOR)
  • JOE GARRELL (VICE-PRESIDENT & DIRECTOR)

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 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary purpose shall be to collect and distribute formal wear and accessories to high school students who otherwise would not be able to participate in their high school prom or other school functions.

What it reported doing in 2015

Distributed formal wear and accessories to 375 high school students who otherwise would be unable to participate in their high school prom or other school functions.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 82
  • Sustainability: 25
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 44.6%; rating input score 45

Transparency & Controls

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

Sustainability

  • Operating margin: -194.9%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -40.9% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -24.3% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 44.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $22K 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: 5 filing years from 2011 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.