Mark and Isaac Friday Memorial Foundation
Nonprofit profile at a glance
- EIN
- 824145513
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Cornelius, NC, USA
- Phone
- 7046078807
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $15,000
- Expenses
- $12,701
- Assets
- $81,654
- Liabilities
- $3,651
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Alex Bogojevich (President)
- Nancy Friday (Vice President)
People named in this filing
- Alex Bogojevich (President)
- Nancy Friday (Vice President)
- Phtllis McConnell (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
Provide scholarships to college bound students and support teen suicide prevention
What it reported doing in 2024
Organized a tennis tournament which provided proceeds to fund scholarships for college bound students and support teen suicide prevention
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 26
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.3%; rating input score 24
- Program expense ratio: 28.7%; rating input score 29
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 15.3%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 6.43; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 42.1% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: -31% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: 16.3% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 24.3% of revenue deployed · 28.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $4K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 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 24/100.
- High — Financial Efficiency: Program expense ratio scored 29/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.