Mhs 19 Inc
Nonprofit profile at a glance
- EIN
- 921042907
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Marblehead, MA, USA
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $48,840
- Expenses
- $57,937
- Assets
- $33,908
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAMES GALANTE (PRESIDENT)
People named in this filing
- JAMES GALANTE (PRESIDENT)
- WILLIAM CROUCH (TREASURER)
- KATHY DOODY (CLERK)
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
This corporation is organized and will be operated exclusively for tax exe mpt charitable and educational purposes in conformance with section 501 c3 of the internal revenue code and to conduct fundraising events to pr ovide annual financial scholarships and recruitment assistance to high sc hool athletes who plan to continue their athletic endeavors in college or to otherwise fund initiatives to further commemorate the legacy of james r. Galante.
What it reported doing in 2024
Our one event The James R. Galante Memorial Golf Outing at the Tedesco Country Club in Marblehead took place on 6.5.2025 in honor of my son James who passed away on 3-18-22.
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. 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: 35
- Transparency & Controls: 82
- Sustainability: 28
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.9%; rating input score 37
- Program expense ratio: 31.1%; rating input score 31
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -18.6%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 33; 33rd 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: -33.5% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -23.4% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -11% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 36.9% of revenue deployed · 31.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- Moderate — Financial Efficiency: Program expense ratio scored 31/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.