Maggie Welby Foundation
Nonprofit profile at a glance
- EIN
- 203983205
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Ofallon, MO, USA
- Phone
- 3145208221
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $71,846
- Expenses
- $76,784
- Assets
- $65,754
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JAMIE WELBY (President)
- CHRIS CORRIGAN (Vice President)
People named in this filing
- JAMIE WELBY (President)
- JAMES D WELBY (Secretary)
- CHRIS CORRIGAN (Vice President)
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 maggie welby foundation ("foundation") was created to provide financial assistance for children in need, families in need, and organizations benefiting children. The foundation's main focus is on a scholarship and grant program. The scholarshop program offers financial assistance for children in grades kindergarten through graduating high school. The scholarships are awarded annually for children who demonstrate a financial need and complete the maggie welby foundation scholarship application. The grant program offers grants for children and families that have a financial need. Grants may be extened to children and families in need of help with bills, athletice opportunities, or medical needs. All grants awarded for a family are paid directly to the specific organiation for which the grant was applied. Organizations that directly benefit children can also receive grants on an annual basis.
What it reported doing in 2024
Grants & scholarships: inspired by the life and memory of maggie welby, the maggie welby foundation seeks to aid students (grades k-12) and families in financial need, in order to help fulfill the dreams and hopes that maggie realized in every person she touched during her life. This includes scholarships and grants in amounts rangin from $250 to $8,000. There were 30 scholarship recipients for children attending 26 different schools.
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
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - 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: 3
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 2.7%; rating input score 3
- Program expense ratio: 2.6%; rating input score 3
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.9%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 42; 42nd 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: -4.1% per year; rating input score 0; 37th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 51st percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 2.7% of revenue deployed · 2.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $2K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- 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.
- High — Financial Efficiency: Mission deployment rate scored 3/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.