Megan Lally Memorial Fund Inc
Nonprofit profile at a glance
- EIN
- 800806385
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024
- Location
- Somerville, MA, USA
- Phone
- 6175050772
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $19,908
- Expenses
- $4,979
- Assets
- $75,302
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ALEXANDER FANOUS (PRESIDENT)
- JOCELYN SARANTONIO (VICE PRESIDENT)
People named in this filing
- ALEXANDER FANOUS (PRESIDENT)
- DAVID GRAY (TREASURER)
- SARAH FANOUS (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's mission is to benefit metastatic breast cancer research in memory of megan a. Lally by holding fundraising events including a signature run like an antelope running event.
What it reported doing in 2024
Our 2024 200 mile running event and related fundraising was back for the fourth straight year after we missed the 2020 year due to covid-19. Our event was a huge success raising $55,000. That fundraising will enable us to make a great 2025 donation for breast cancer research and patient support. That wouldn't be possible without these efforts and fundraising.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 82
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.5%; rating input score 25
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 75%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 15.12; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 15.2% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 22.6% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 25.5% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $5K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 11 filing years from 2012 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 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.