Mount Vernon Educational Foundation Inc

Nonprofit profile at a glance

EIN
542121954
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Mount Vernon, NY, USA
Phone
9146990296
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$15,530
Expenses
$9,276
Assets
$61,449
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

  • EILEEN JUSTINO (PRESIDENT)
  • TERESA WEBER (VICE PRESIDENT)

People named in this filing

  • EILEEN JUSTINO (PRESIDENT)
  • TERESA WEBER (VICE PRESIDENT)
  • PAUL HERRICK (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

The mount vernon educational foundation drives inspiration, creativity, and ambition by partnering with the school district and community to enable students to explore opportunities beyond the boundaries of the classroom.

What it reported doing in 2024

The mission of the foundation is to encourage all children to excel. The foundation seeks to provide opportunities for students and staff to expand their learning opportunities outside the classroom experience, to maximize the potential of each student in mount vernon. During fy2025, the foundation worked to raise funds to provide students with engaging experience outside, such as the multiple field trips to the stepping stone museum for pre-k students throughout the school district.

Operating model

Revenue model
Donor-supported. 100% 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 revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 100
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 41.2%; rating input score 41
  • Program expense ratio: 69%; rating input score 69

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: 40.3%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 6.62; rating input score 88; 88th 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: -13.2% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: 7.8% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 41.2% of revenue deployed · 69% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2011 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.