Mckinley Mack Wilbourn Jr Legacy Foundation Inc
Nonprofit profile at a glance
- EIN
- 870900066
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Atlanta, GA, USA
- Phone
- 4047689977
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $160,824
- Expenses
- $76,860
- Assets
- $5,434
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Mack Wilbourn (President)
- Travis Jones (Vice President)
People named in this filing
- Mack Wilbourn (President)
- Travis Jones (Vice President)
- Casandra Forehand (Treasurer)
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
Our vision is to revolutionize the outlook and provide life-changing opportunities for marginalized communities in the following areas: Arts, Entrepreneurship and Financial Literacy
What it reported doing in 2024
Donations collected were provided to charities benefiting the Arts, Entrepreneurship and Financial Literacy
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. 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: 20
- Transparency & Controls: 100
- Sustainability: 63
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.3%; rating input score 14
- Program expense ratio: 29.9%; rating input score 30
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 52.2%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 14% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 340.4% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: -31.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 14.3% of revenue deployed · 29.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $23K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 14/100.
- Moderate — Financial Efficiency: Program expense ratio scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.